HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Sheridan County, North Dakota (FY 2026)
A two-bedroom in Sheridan County carries a FY 2026 Fair Market Rent of $924 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Sheridan keys off that figure.
2 bedroom FMR
$924
FY 2026, utilities included
Payment standard range
$832 to $1,016
90% to 110% of FMR
Income to afford 2BR
$36,960
per year, at 30% of income
Rank in North Dakota
22nd of 53
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Sheridan moves to $1,078. That's up 17%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Sheridan actually rent for?
Search any address in Sheridan 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 | $738 | $664 to $812 | $29,520 | $14.19/hr | -2.4% |
| 1 bedroom | $743 | $669 to $817 | $29,720 | $14.29/hr | -2.4% |
| 2 bedroom | $924 | $832 to $1,016 | $36,960 | $17.77/hr | -0.9% |
| 3 bedroom | $1,285 | $1,157 to $1,414 | $51,400 | $24.71/hr | -1.6% |
| 4 bedroom | $1,550 | $1,395 to $1,705 | $62,000 | $29.81/hr | -1.0% |
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 | $1,783 | $1,605 to $1,961 |
| 6 bedroom Estimate | $2,015 | $1,814 to $2,217 |
| 7 bedroom Estimate | $2,248 | $2,023 to $2,473 |
| 8 bedroom Estimate | $2,480 | $2,232 to $2,728 |
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 Sheridan, that runs from $738 for a studio up to $1,550 for four bedrooms, all five rates in the table above.
Because Sheridan 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, Denhoff included.
Among North Dakota's 53 counties, Sheridan ranks 22nd for two-bedroom FMR. That's about 6% above the state median of $873 and about 9% below the national median county at $1,018. About 1,338 people live here, 51st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $920 in 58430 (Denhoff) and $1,080 in 58758 (Martin), with the 4 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 Sheridan somewhere between $832 and $1,016. 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.
$924 a month is affordable, by HUD's 30% rule, on an income of roughly $36,960 a year. Put another way, $18 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% ($832) | HAP at 100% ($924) | HAP at 110% ($1,016) |
|---|---|---|---|---|
| $2,500 | $750 | $82 | $174 | $266 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 1% from FY 2025 ($932) to FY 2026 ($924). Since FY 2020 it's up 25% in total, about 3.7% a year. The North Dakota median moved down 6% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $560 | $563 | $742 | $1,070 | $1,127 | — |
| FY 2021 | $589 | $593 | $782 | $1,119 | $1,192 | +5.4% |
| FY 2022 | $596 | $600 | $789 | $1,121 | $1,245 | +0.9% |
| FY 2023 | $663 | $667 | $857 | $1,218 | $1,422 | +8.6% |
| FY 2024 | $720 | $725 | $899 | $1,267 | $1,526 | +4.9% |
| FY 2025 | $756 | $761 | $932 | $1,306 | $1,565 | +3.7% |
| FY 2026 | $738 | $743 | $924 | $1,285 | $1,550 | -0.9% |
| FY 2027 | $842 | $848 | $1,078 | $1,493 | $1,802 | +16.7% |
Nearby counties
Questions people ask
$924 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $738 for a studio, $743 for one bedroom, $1,285 for three and $1,550 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 Sheridan actually go for?
HUD's number is one input. Search any address in Sheridan for a rent estimate built from nearby comps. 3 free searches, no card.
Free tier. No credit card.