HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Río Grande Municipio, Puerto Rico (FY 2026)
$663 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Río Grande Municipio, and it's the baseline every voucher in Río Grande is measured against.
2 bedroom FMR
$663
FY 2026, utilities included
Payment standard range
$597 to $729
90% to 110% of FMR
Income to afford 2BR
$26,520
per year, at 30% of income
Rank in Puerto Rico
21st of 78
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Río Grande moves to $706. That's up 6%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Río Grande actually rent for?
Search any address in Río Grande 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 | $559 | $503 to $615 | $22,360 | $10.75/hr | +1.3% |
| 1 bedroom | $572 | $515 to $629 | $22,880 | $11.00/hr | +0.5% |
| 2 bedroom | $663 | $597 to $729 | $26,520 | $12.75/hr | +1.1% |
| 3 bedroom | $868 | $781 to $955 | $34,720 | $16.69/hr | +0.8% |
| 4 bedroom | $1,046 | $941 to $1,151 | $41,840 | $20.12/hr | +1.3% |
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 | $1,203 | $1,083 to $1,323 |
| 6 bedroom Estimate | $1,360 | $1,224 to $1,496 |
| 7 bedroom Estimate | $1,517 | $1,365 to $1,669 |
| 8 bedroom Estimate | $1,674 | $1,507 to $1,841 |
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 Río Grande, that runs from $559 for a studio up to $1,046 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 Río Grande 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 $663 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, Río Grande ranks 21st for two-bedroom FMR. That's about 18% above the state median of $564 and about 35% below the national median county at $1,018. About 46,838 people live here, 16th in the state.
Counties sharing the San Juan-Guaynabo metro rate
San Juan Municipio
$663PR · pop 340,903
Bayamón Municipio
$663PR · pop 184,326
Carolina Municipio
$663PR · pop 154,126
Guaynabo Municipio
$663PR · pop 89,554
Toa Baja Municipio
$663PR · pop 74,854
Trujillo Alto Municipio
$663PR · pop 67,497
Toa Alta Municipio
$663PR · pop 66,699
Vega Baja Municipio
$663PR · pop 54,182
Humacao Municipio
$663PR · pop 50,729
Canóvanas Municipio
$663PR · pop 42,218
Manatí Municipio
$663PR · pop 39,310
Juncos Municipio
$663PR · pop 36,928
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 Río Grande somewhere between $597 and $729. 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.
$663 a month is affordable, by HUD's 30% rule, on an income of roughly $26,520 a year. Put another way, $13 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% ($597) | HAP at 100% ($663) | HAP at 110% ($729) |
|---|---|---|---|---|
| $2,500 | $750 | $0 | $0 | $0 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 1% from FY 2025 ($656) to FY 2026 ($663). Since FY 2020 it's up 25% in total, about 3.8% a year. The Puerto Rico median moved down 2% over the same year.
| 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 2027 | $592 | $604 | $706 | $920 | $1,117 | +6.5% |
Questions people ask
$663 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $559 for a studio, $572 for one bedroom, $868 for three and $1,046 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 Río Grande actually go for?
HUD's number is one input. Search any address in Río Grande for a rent estimate built from nearby comps. 3 free searches, no card.
Free tier. No credit card.