HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Monmouth County, New Jersey (FY 2026)
$2,328 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Monmouth County, and it's the baseline every voucher in Monmouth is measured against.
2 bedroom FMR
$2,328
FY 2026, utilities included
Payment standard range
$2,095 to $2,561
90% to 110% of FMR
Income to afford 2BR
$93,120
per year, at 30% of income
Rank in New Jersey
5th of 21
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Monmouth moves to $2,283. That's down 2%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Monmouth actually rent for?
Search any address in Monmouth 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 | $1,676 | $1,508 to $1,844 | $67,040 | $32.23/hr | +13.7% |
| 1 bedroom | $1,889 | $1,700 to $2,078 | $75,560 | $36.33/hr | +14.2% |
| 2 bedroom | $2,328 | $2,095 to $2,561 | $93,120 | $44.77/hr | +14.1% |
| 3 bedroom | $3,043 | $2,739 to $3,347 | $121,720 | $58.52/hr | +12.0% |
| 4 bedroom | $3,371 | $3,034 to $3,708 | $134,840 | $64.83/hr | +11.5% |
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 | $3,877 | $3,489 to $4,265 |
| 6 bedroom Estimate | $4,382 | $3,944 to $4,820 |
| 7 bedroom Estimate | $4,888 | $4,399 to $5,377 |
| 8 bedroom Estimate | $5,394 | $4,855 to $5,933 |
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 Monmouth, that runs from $1,676 for a studio up to $3,371 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Monmouth in with one other county in the Monmouth-Ocean metro, Ocean County among them, and every one of them gets $2,328 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among New Jersey's 21 counties, Monmouth ranks 5th for two-bedroom FMR. That's about 6% above the state median of $2,205 and about 129% above the national median county at $1,018. About 643,064 people live here, 5th in the state.
Counties sharing the Monmouth-Ocean metro rate
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,230 in 07738 (Lincroft) and $3,490 in 07702 (Shrewsbury), with the 55 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 |
|---|---|---|---|
| 07701 | Red Bank | $2,660 | +14.3% |
| 07702 | Shrewsbury | $3,490 | +49.9% |
| 07703 | Fort Monmouth | $2,790 | +19.8% |
| 07704 | Fair Haven | $2,690 | +15.5% |
| 07710 | Adelphia | $2,360 | +1.4% |
| 07711 | Allenhurst | $2,350 | +0.9% |
| 07712 | Asbury Park | $2,350 | +0.9% |
| 07715 | Belmar | $2,328County rate | — |
| 07716 | Atlantic Highlands | $2,430 | +4.4% |
| 07717 | Avon By The Sea | $2,260 | -2.9% |
| 07718 | Belford | $2,300 | -1.2% |
| 07719 | Belmar | $2,330 | +0.1% |
| 07720 | Bradley Beach | $2,290 | -1.6% |
| 07721 | Cliffwood | $2,570 | +10.4% |
| 07722 | Colts Neck | $3,490 | +49.9% |
| 07723 | Deal | $1,860 | -20.1% |
| 07724 | Eatontown | $2,130 | -8.5% |
| 07726 | Englishtown | $2,470 | +6.1% |
| 07727 | Farmingdale | $2,070 | -11.1% |
| 07728 | Freehold | $2,520 | +8.2% |
| 07730 | Hazlet | $1,740 | -25.3% |
| 07731 | Howell | $3,010 | +29.3% |
| 07732 | Highlands | $2,530 | +8.7% |
| 07733 | Holmdel | $3,490 | +49.9% |
| 07734 | Keansburg | $2,250 | -3.4% |
| 07735 | Keyport | $2,050 | -11.9% |
| 07737 | Leonardo | $1,970 | -15.4% |
| 07738 | Lincroft | $1,230 | -47.2% |
| 07739 | Little Silver | $2,970 | +27.6% |
| 07740 | Long Branch | $2,360 | +1.4% |
| 07746 | Marlboro | $3,490 | +49.9% |
| 07747 | Matawan | $2,590 | +11.3% |
| 07748 | Middletown | $2,100 | -9.8% |
| 07750 | Monmouth Beach | $2,920 | +25.4% |
| 07751 | Morganville | $3,380 | +45.2% |
| 07752 | Navesink | $2,360 | +1.4% |
| 07753 | Neptune | $2,380 | +2.2% |
| 07754 | Neptune | $2,360 | +1.4% |
| 07755 | Oakhurst | $3,200 | +37.5% |
| 07756 | Ocean Grove | $1,730 | -25.7% |
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 Monmouth somewhere between $2,095 and $2,561. 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.
$2,328 a month is affordable, by HUD's 30% rule, on an income of roughly $93,120 a year. Put another way, $45 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% ($2,095) | HAP at 100% ($2,328) | HAP at 110% ($2,561) |
|---|---|---|---|---|
| $2,500 | $750 | $1,345 | $1,578 | $1,811 |
| $4,000 | $1,200 | $895 | $1,128 | $1,361 |
Rate history
The two-bedroom rate went up 14% from FY 2025 ($2,040) to FY 2026 ($2,328). Since FY 2020 it's up 42% in total, about 6.0% a year. The New Jersey median moved up 8% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $1,088 | $1,270 | $1,639 | $2,251 | $2,523 | — |
| FY 2021 | $1,126 | $1,291 | $1,652 | $2,277 | $2,524 | +0.8% |
| FY 2022 | $1,092 | $1,230 | $1,558 | $2,142 | $2,374 | -5.7% |
| FY 2023 | $1,146 | $1,279 | $1,602 | $2,193 | $2,441 | +2.8% |
| FY 2024 | $1,385 | $1,546 | $1,916 | $2,604 | $2,904 | +19.6% |
| FY 2025 | $1,474 | $1,654 | $2,040 | $2,717 | $3,023 | +6.5% |
| FY 2026 | $1,676 | $1,889 | $2,328 | $3,043 | $3,371 | +14.1% |
| FY 2027 | $1,671 | $1,847 | $2,283 | $2,927 | $3,241 | -1.9% |
Nearby counties
Middlesex County
$2,48619 mi · pop 860,147
Ocean County
$2,32825 mi · pop 638,691
Union County
$2,20527 mi · pop 572,079
Mercer County
$1,95029 mi · pop 383,732
Somerset County
$2,48631 mi · pop 344,978
Hudson County
$2,76332 mi · pop 712,029
Essex County
$2,20534 mi · pop 853,374
Burlington County
$1,81038 mi · pop 461,853
Questions people ask
$2,328 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,676 for a studio, $1,889 for one bedroom, $3,043 for three and $3,371 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 Monmouth actually go for?
HUD's number is one input. Search any address in Monmouth for a rent estimate built from nearby comps. 3 free searches, no card.
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