HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Guaynabo Municipio, Puerto Rico (FY 2027)
A two-bedroom in Guaynabo Municipio carries a FY 2027 Fair Market Rent of $706 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Guaynabo keys off that figure.
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
11th 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 Guaynabo actually rent for?
Search any address in Guaynabo 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 Guaynabo somewhere between $635 and $777. 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.
$706 a month is affordable, by HUD's 30% rule, on an income of roughly $28,240 a year. Put another way, $14 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%$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
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 Guaynabo, that runs from $592 for a studio up to $1,117 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 Guaynabo in with 27 other municipios in the San Juan-Guaynabo metro, San Juan Municipio, Bayamón Municipio, Carolina Municipio among them, and every one of them gets $706 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, Guaynabo ranks 11th for two-bedroom FMR. That's about 15% above the state median of $613 and about 34% below the national median county at $1,063. About 89,378 people live here, 6th in the state.
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 Guaynabo.
San Juan Municipio
336,160 people
$706
Bayamón Municipio
182,469 people
$706
Carolina Municipio
152,204 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
Juncos Municipio
36,829 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 Guaynabo actually go for?
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