HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in San Germán Municipio, Puerto Rico (FY 2027)
$581 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in San Germán Municipio, and it's the baseline every voucher in San Germán is measured against.
Two-bedroom FMR
$581
+9.6% from FY 2026
Payment standard
$523–$639
90% to 110% of the FMR, two-bedroom
Income to afford
$23,240
a year, with rent at 30% of income
Rank in Puerto Rico
49th 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 | $452 | $407–$497 | $18,080 | $8.69/hr | +11.1% |
| 1 bedroom | $455 | $410–$501 | $18,200 | $8.75/hr | +11.0% |
| 2 bedroom | $581 | $523–$639 | $23,240 | $11.17/hr | +9.6% |
| 3 bedroom | $729 | $656–$802 | $29,160 | $14.02/hr | +10.6% |
| 4 bedroom | $764 | $688–$840 | $30,560 | $14.69/hr | +8.8% |
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 | $879 | $791–$967 |
| 6 bedroom Estimate | $993 | $894–$1,092 |
| 7 bedroom Estimate | $1,108 | $997–$1,219 |
| 8 bedroom Estimate | $1,222 | $1,100–$1,344 |
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 San Germán actually rent for?
Search any address in San Germán 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 San Germán somewhere between $523 and $639. 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.
$581 a month is affordable, by HUD's 30% rule, on an income of roughly $23,240 a year. Put another way, $11 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%$523 | Voucher pays at 100%$581 | Voucher pays at 110%$639 |
|---|---|---|---|---|
| $2,500 | $750 | $0 | $0 | $0 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 10% from FY 2026 ($530) to FY 2027 ($581). Since FY 2020 it's up 39% in total, about 4.9% 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 | $329 | $366 | $417 | $582 | $719 | — |
| FY 2021 | $319 | $373 | $425 | $581 | $716 | +1.9% |
| FY 2022 | $356 | $384 | $437 | $586 | $693 | +2.8% |
| FY 2023 | $384 | $417 | $471 | $618 | $705 | +7.8% |
| FY 2024 | $423 | $425 | $520 | $669 | $717 | +10.4% |
| FY 2025 | $430 | $433 | $539 | $684 | $718 | +3.7% |
| FY 2026 | $407 | $410 | $530 | $659 | $702 | -1.7% |
| FY 2027In effect | $452 | $455 | $581 | $729 | $764 | +9.6% |
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 San Germán, that runs from $452 for a studio up to $764 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 San Germán in with 3 other municipios in the San Germán metro, Cabo Rojo Municipio, Lajas Municipio, Sabana Grande Municipio among them, and every one of them gets $581 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, San Germán ranks 49th for two-bedroom FMR. That's about 5% below the state median of $613 and about 45% below the national median county at $1,063. About 31,305 people live here, 39th in the state.
Counties sharing the San Germán metro rate
HUD sets one rate for the whole metro, so every county here carries the same $581 two-bedroom figure as San Germán.
Questions people ask
$581 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $452 for a studio, $455 for one bedroom, $729 for three and $764 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 San Germán actually go for?
HUD's number is one input. Search any address in San Germán for a rent estimate built from nearby comps. Free to start, no card.
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