HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Florida Municipio, Puerto Rico (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Florida Municipio is $706 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$706
+6.5% from FY 2026
Payment standard
$635–$777
90% to 110% of the FMR, two-bedroom
Income to afford
$28,240
a year, with rent at 30% of income
Rank in Puerto Rico
10th 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 | $592 | $533–$651 | $23,680 | $11.38/hr | +5.9% |
| 1 bedroom | $604 | $544–$664 | $24,160 | $11.62/hr | +5.6% |
| 2 bedroom | $706 | $635–$777 | $28,240 | $13.58/hr | +6.5% |
| 3 bedroom | $920 | $828–$1,012 | $36,800 | $17.69/hr | +6.0% |
| 4 bedroom | $1,117 | $1,005–$1,229 | $44,680 | $21.48/hr | +6.8% |
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 | $1,285 | $1,157–$1,414 |
| 6 bedroom Estimate | $1,452 | $1,307–$1,597 |
| 7 bedroom Estimate | $1,620 | $1,458–$1,782 |
| 8 bedroom Estimate | $1,787 | $1,608–$1,966 |
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 Florida actually rent for?
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What a voucher pays here
The FMR isn't the check you'd receive. Your local housing authority turns it into a payment standard, set between 90% and 110% of FMR, so a two-bedroom here lands between $635 and $777. Subtract about 30% of the tenant's income and that's the housing assistance payment. If you ask more than similar unassisted units rent for, the PHA's rent reasonableness check will push back.
At the standard 30% of income, a household needs about $28,240 a year to afford $706 a month. On a 40-hour week that's $14 an hour.
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%$635 | Voucher pays at 100%$706 | Voucher pays at 110%$777 |
|---|---|---|---|---|
| $2,500 | $750 | $0 | $0 | $27 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($663) to FY 2027 ($706). Since FY 2020 it's up 33% in total, about 4.2% 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 | $416 | $451 | $531 | $706 | $868 | — |
| FY 2021 | $436 | $477 | $556 | $740 | $909 | +4.7% |
| FY 2022 | $428 | $466 | $538 | $719 | $868 | -3.2% |
| FY 2023 | $507 | $518 | $585 | $831 | $996 | +8.7% |
| FY 2024 | $556 | $583 | $668 | $882 | $1,056 | +14.2% |
| FY 2025 | $552 | $569 | $656 | $861 | $1,033 | -1.8% |
| FY 2026 | $559 | $572 | $663 | $868 | $1,046 | +1.1% |
| FY 2027In effect | $592 | $604 | $706 | $920 | $1,117 | +6.5% |
About this rate
HUD sets Fair Market Rent once a year, based on what typical units in the area actually rent for, with utilities folded in. FY 2027 runs October 1, 2026 through September 30, 2027, and in Florida Municipio the five published rates run from $592 to $1,117, studio through four bedrooms.
Florida doesn't get its own number. It sits inside the San Juan-Guaynabo metro and shares one rate with 27 other municipios, including San Juan Municipio, Bayamón Municipio, Carolina Municipio. HUD sets metro FMRs from rents across the whole metro, which is why a rural corner of a big metro can carry a city-sized rate.
The state median two-bedroom FMR is $613. Florida comes in at $706, about 15% above that, and ranks 10th of 78 in Puerto Rico. Against the national median county ($1,063) it's about 34% below. Population is around 11,532.
Counties sharing the San Juan-Guaynabo metro rate
HUD sets one rate for the whole metro, so every county here carries the same $706 two-bedroom figure as Florida.
San Juan Municipio
336,160 people
$706
Bayamón Municipio
182,469 people
$706
Carolina Municipio
152,204 people
$706
Guaynabo Municipio
89,378 people
$706
Toa Baja Municipio
73,039 people
$706
Trujillo Alto Municipio
67,088 people
$706
Toa Alta Municipio
66,320 people
$706
Vega Baja Municipio
53,892 people
$706
Humacao Municipio
50,100 people
$706
Río Grande Municipio
46,051 people
$706
Canóvanas Municipio
41,816 people
$706
Manatí Municipio
38,943 people
$706
Questions people ask
$706 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $592 for a studio, $604 for one bedroom, $920 for three and $1,117 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 Florida actually go for?
HUD's number is one input. Search any address in Florida for a rent estimate built from nearby comps. Free to start, no card.
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