HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Cheyenne County, Nebraska (FY 2026)
A two-bedroom in Cheyenne County carries a FY 2026 Fair Market Rent of $1,086 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Cheyenne keys off that figure.
2 bedroom FMR
$1,086
FY 2026, utilities included
Payment standard range
$977 to $1,195
90% to 110% of FMR
Income to afford 2BR
$43,440
per year, at 30% of income
Rank in Nebraska
12th of 93
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Cheyenne moves to $1,134. That's up 4%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Cheyenne actually rent for?
Search any address in Cheyenne for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $822 | $740 to $904 | $32,880 | $15.81/hr | +9.3% |
| 1 bedroom | $828 | $745 to $911 | $33,120 | $15.92/hr | +9.4% |
| 2 bedroom | $1,086 | $977 to $1,195 | $43,440 | $20.88/hr | +10.9% |
| 3 bedroom | $1,302 | $1,172 to $1,432 | $52,080 | $25.04/hr | +6.9% |
| 4 bedroom | $1,438 | $1,294 to $1,582 | $57,520 | $27.65/hr | +10.8% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,654 | $1,489 to $1,819 |
| 6 bedroom Estimate | $1,869 | $1,682 to $2,056 |
| 7 bedroom Estimate | $2,085 | $1,877 to $2,294 |
| 8 bedroom Estimate | $2,301 | $2,071 to $2,531 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Cheyenne, that runs from $822 for a studio up to $1,438 for four bedrooms, all five rates in the table above.
Because Cheyenne sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Sidney included.
Among Nebraska's 93 counties, Cheyenne ranks 12th for two-bedroom FMR. That's about 13% above the state median of $961 and about 7% above the national median county at $1,018. About 9,489 people live here, 28th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $960 in 69149 (Lodgepole) and $1,090 in 69131 (Dalton), with the 5 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Cheyenne somewhere between $977 and $1,195. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,086 a month is affordable, by HUD's 30% rule, on an income of roughly $43,440 a year. Put another way, $21 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($977) | HAP at 100% ($1,086) | HAP at 110% ($1,195) |
|---|---|---|---|---|
| $2,500 | $750 | $227 | $336 | $445 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 11% from FY 2025 ($979) to FY 2026 ($1,086). Since FY 2020 it's up 56% in total, about 7.6% a year. The Nebraska median moved up 6% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $455 | $583 | $698 | $942 | $946 | — |
| FY 2021 | $484 | $587 | $734 | $1,042 | $1,046 | +5.2% |
| FY 2022 | $514 | $600 | $768 | $1,091 | $1,149 | +4.6% |
| FY 2023 | $613 | $685 | $902 | $1,238 | $1,260 | +17.4% |
| FY 2024 | $736 | $741 | $962 | $1,217 | $1,281 | +6.7% |
| FY 2025 | $752 | $757 | $979 | $1,218 | $1,298 | +1.8% |
| FY 2026 | $822 | $828 | $1,086 | $1,302 | $1,438 | +10.9% |
| FY 2027 | $861 | $867 | $1,134 | $1,351 | $1,490 | +4.4% |
Nearby counties
Questions people ask
$1,086 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $822 for a studio, $828 for one bedroom, $1,302 for three and $1,438 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Cheyenne actually go for?
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