HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Arroyo Municipio, Puerto Rico (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Arroyo Municipio is $517 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$517
+8.8% from FY 2026
Payment standard
$465–$569
90% to 110% of the FMR, two-bedroom
Income to afford
$20,680
a year, with rent at 30% of income
Rank in Puerto Rico
65th of 78
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 | $456 | $410–$502 | $18,240 | $8.77/hr | +10.1% |
| 1 bedroom | $475 | $428–$523 | $19,000 | $9.13/hr | +13.6% |
| 2 bedroom | $517 | $465–$569 | $20,680 | $9.94/hr | +8.8% |
| 3 bedroom | $716 | $644–$788 | $28,640 | $13.77/hr | +12.4% |
| 4 bedroom | $772 | $695–$849 | $30,880 | $14.85/hr | +20.8% |
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 | $888 | $799–$977 |
| 6 bedroom Estimate | $1,004 | $904–$1,104 |
| 7 bedroom Estimate | $1,119 | $1,007–$1,231 |
| 8 bedroom Estimate | $1,235 | $1,112–$1,359 |
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 Arroyo actually rent for?
Search any address in Arroyo 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 Arroyo somewhere between $465 and $569. 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.
$517 a month is affordable, by HUD's 30% rule, on an income of roughly $20,680 a year. Put another way, $10 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%$465 | Voucher pays at 100%$517 | Voucher pays at 110%$569 |
|---|---|---|---|---|
| $2,500 | $750 | $0 | $0 | $0 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 9% from FY 2026 ($475) to FY 2027 ($517). Since FY 2020 it's up 23% in total, about 3.0% a year. The Puerto Rico median moved up 9% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $359 | $370 | $421 | $568 | $570 | — |
| FY 2021 | $361 | $369 | $421 | $569 | $571 | 0.0% |
| FY 2022 | $370 | $378 | $431 | $582 | $584 | +2.4% |
| FY 2023 | $391 | $393 | $456 | $610 | $613 | +5.8% |
| FY 2024 | $404 | $406 | $485 | $643 | $646 | +6.4% |
| FY 2025 | $415 | $418 | $489 | $646 | $648 | +0.8% |
| FY 2026 | $414 | $418 | $475 | $637 | $639 | -2.9% |
| FY 2027In effect | $456 | $475 | $517 | $716 | $772 | +8.8% |
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 Arroyo, that runs from $456 for a studio up to $772 for four bedrooms, all five rates in the table above.
This is a metro rate. The municipio doesn't get one of its own. HUD lumps Arroyo in with 2 other municipios in the Guayama metro, Guayama Municipio, Patillas Municipio among them, and every one of them gets $517 for a two-bedroom. Where you are inside the metro doesn't change the municipio number. It does change the ZIP number, covered below.
Among Puerto Rico's 78 counties, Arroyo ranks 65th for two-bedroom FMR. That's about 16% below the state median of $613 and about 51% below the national median county at $1,063. About 15,341 people live here, 69th in the state.
Counties sharing the Guayama metro rate
HUD sets one rate for the whole metro, so every county here carries the same $517 two-bedroom figure as Arroyo.
Questions people ask
$517 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $456 for a studio, $475 for one bedroom, $716 for three and $772 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 Arroyo actually go for?
HUD's number is one input. Search any address in Arroyo for a rent estimate built from nearby comps. Free to start, no card.
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