HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Las Marías Municipio, Puerto Rico (FY 2027)
$517 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Las Marías Municipio, and it's the baseline every voucher in Las Marías is measured against.
Two-bedroom FMR
$517
+0.2% 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
72nd 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 | +1.6% |
| 1 bedroom | $475 | $428–$523 | $19,000 | $9.13/hr | +1.7% |
| 2 bedroom | $517 | $465–$569 | $20,680 | $9.94/hr | +0.2% |
| 3 bedroom | $697 | $627–$767 | $27,880 | $13.40/hr | +5.4% |
| 4 bedroom | $743 | $669–$817 | $29,720 | $14.29/hr | -2.5% |
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 | $854 | $769–$939 |
| 6 bedroom Estimate | $966 | $869–$1,063 |
| 7 bedroom Estimate | $1,077 | $969–$1,185 |
| 8 bedroom Estimate | $1,189 | $1,070–$1,308 |
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 Las Marías actually rent for?
Search any address in Las Marías 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 Las Marías 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 0% from FY 2026 ($516) to FY 2027 ($517). Since FY 2020 it's up 26% in total, about 3.4% 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 | $346 | $349 | $409 | $544 | $614 | — |
| FY 2021 | $361 | $369 | $421 | $561 | $623 | +2.9% |
| FY 2022 | $420 | $427 | $487 | $602 | $819 | +15.7% |
| FY 2023 | $439 | $449 | $507 | $617 | $781 | +4.1% |
| FY 2024 | $461 | $474 | $532 | $664 | $758 | +4.9% |
| FY 2025 | $498 | $518 | $573 | $730 | $846 | +7.7% |
| FY 2026 | $449 | $467 | $516 | $661 | $762 | -9.9% |
| FY 2027In effect | $456 | $475 | $517 | $697 | $743 | +0.2% |
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 Las Marías, that runs from $456 for a studio up to $743 for four bedrooms, all five rates in the table above.
Because Las Marías sits outside any HUD metro area, its rate is a municipio-wide figure built from local rents. One number covers every address in the municipio.
Among Puerto Rico's 78 counties, Las Marías ranks 72nd 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 8,744 people live here, 75th in the state.
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, $697 for three and $743 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 Las Marías actually go for?
HUD's number is one input. Search any address in Las Marías for a rent estimate built from nearby comps. Free to start, no card.
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