HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Elko County, Nevada (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Elko County is $1,400 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,400
-8.5% from FY 2026
Payment standard
$1,260–$1,540
90% to 110% of the FMR, two-bedroom
Income to afford
$56,000
a year, with rent at 30% of income
Rank in Nevada
6th of 17
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,045 | $941–$1,150 | $41,800 | $20.10/hr | -0.9% |
| 1 bedroom | $1,070 | $963–$1,177 | $42,800 | $20.58/hr | -8.2% |
| 2 bedroom | $1,400 | $1,260–$1,540 | $56,000 | $26.92/hr | -8.5% |
| 3 bedroom | $1,842 | $1,658–$2,026 | $73,680 | $35.42/hr | -4.7% |
| 4 bedroom | $2,340 | $2,106–$2,574 | $93,600 | $45.00/hr | -8.8% |
Five to eight 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 | $2,691 | $2,422–$2,960 |
| 6 bedroom Estimate | $3,042 | $2,738–$3,346 |
| 7 bedroom Estimate | $3,393 | $3,054–$3,732 |
| 8 bedroom Estimate | $3,744 | $3,370–$4,118 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Elko actually rent for?
Search any address in Elko for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 Elko somewhere between $1,260 and $1,540. 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.
$1,400 a month is affordable, by HUD's 30% rule, on an income of roughly $56,000 a year. Put another way, $27 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,260 | Voucher pays at 100%$1,400 | Voucher pays at 110%$1,540 |
|---|---|---|---|---|
| $2,500 | $750 | $510 | $650 | $790 |
| $4,000 | $1,200 | $60 | $200 | $340 |
Rate history
The two-bedroom rate went down 8% from FY 2026 ($1,530) to FY 2027 ($1,400). Since FY 2020 it's up 46% in total, about 5.5% a year. The Nevada median moved down 5% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $626 | $746 | $961 | $1,386 | $1,420 | — |
| FY 2021 | $664 | $795 | $1,007 | $1,441 | $1,485 | +4.8% |
| FY 2022 | $785 | $911 | $1,182 | $1,626 | $1,679 | +17.4% |
| FY 2023 | $869 | $991 | $1,300 | $1,749 | $1,822 | +10.0% |
| FY 2024 | $973 | $1,092 | $1,435 | $1,880 | $2,134 | +10.4% |
| FY 2025 | $988 | $1,098 | $1,441 | $1,821 | $2,420 | +0.4% |
| FY 2026 | $1,055 | $1,166 | $1,530 | $1,933 | $2,567 | +6.2% |
| FY 2027In effect | $1,045 | $1,070 | $1,400 | $1,842 | $2,340 | -8.5% |
About this rate
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 2027 that's October 1, 2026 through September 30, 2027. In Elko, that runs from $1,045 for a studio up to $2,340 for four bedrooms, all five rates in the table above.
Because Elko 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, Elko included.
Among Nevada's 17 counties, Elko ranks 6th for two-bedroom FMR. That's about 6% above the state median of $1,327 and about 32% above the national median county at $1,063. About 54,047 people live here, 6th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,380 in 89825 (Jackpot) and $1,710 in 89815 (Spring Creek), with the 15 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 89801 | Elko | $1,420 | +1.4% |
| 89802 | Elko | $1,400County rate | — |
| 89803 | Elko | $1,400 | 0.0% |
| 89815 | Spring Creek | $1,710 | +22.1% |
| 89822 | Carlin | $1,420 | +1.4% |
| 89823 | Deeth | $1,390 | -0.7% |
| 89825 | Jackpot | $1,380 | -1.4% |
| 89826 | Jarbidge | $1,400 | 0.0% |
| 89828 | Lamoille | $1,400 | 0.0% |
| 89830 | Montello | $1,380 | -1.4% |
| 89831 | Mountain City | $1,420 | +1.4% |
| 89832 | Owyhee | $1,500 | +7.1% |
| 89833 | Ruby Valley | $1,400 | 0.0% |
| 89834 | Tuscarora | $1,420 | +1.4% |
| 89835 | Wells | $1,380 | -1.4% |
| 89883 | West Wendover | $1,380 | -1.4% |
Nearby counties
Two-bedroom FMR, with how each compares to Elko.
Eureka County
91 mi · 1,585 people
$1,327
-5%
Lander County
113 mi · 5,770 people
$1,168
-17%
Humboldt County
123 mi · 17,289 people
$1,247
-11%
White Pine County
140 mi · 8,735 people
$1,190
-15%
Pershing County
159 mi · 6,487 people
$1,014
-28%
Churchill County
212 mi · 25,805 people
$1,369
-2%
Mineral County
238 mi · 4,542 people
$1,254
-10%
Lincoln County
244 mi · 4,405 people
$1,068
-24%
Questions people ask
$1,400 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,045 for a studio, $1,070 for one bedroom, $1,842 for three and $2,340 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
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
The income a household needs for a given rent
What does a rental in Elko actually go for?
HUD's number is one input. Search any address in Elko for a rent estimate built from nearby comps. Free to start, no card.
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