HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Perkins County, South Dakota (FY 2026)
A two-bedroom in Perkins County carries a FY 2026 Fair Market Rent of $929 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Perkins keys off that figure.
2 bedroom FMR
$929
FY 2026, utilities included
Payment standard range
$836 to $1,022
90% to 110% of FMR
Income to afford 2BR
$37,160
per year, at 30% of income
Rank in South Dakota
59th of 66
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Perkins moves to $1,030. That's up 11%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Perkins actually rent for?
Search any address in Perkins 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 | $641 | $577 to $705 | $25,640 | $12.33/hr | +7.2% |
| 1 bedroom | $722 | $650 to $794 | $28,880 | $13.88/hr | +0.3% |
| 2 bedroom | $929 | $836 to $1,022 | $37,160 | $17.87/hr | +6.5% |
| 3 bedroom | $1,212 | $1,091 to $1,333 | $48,480 | $23.31/hr | -0.6% |
| 4 bedroom | $1,438 | $1,294 to $1,582 | $57,520 | $27.65/hr | +5.7% |
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 | $1,654 | $1,489 to $1,819 |
| 6 bedroom Estimate | $1,869 | $1,682 to $2,056 |
| 7 bedroom Estimate | $2,085 | $1,877 to $2,294 |
| 8 bedroom Estimate | $2,301 | $2,071 to $2,531 |
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 Perkins, that runs from $641 for a studio up to $1,438 for four bedrooms, all five rates in the table above.
Because Perkins sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Bison included.
Among South Dakota's 66 counties, Perkins ranks 59th for two-bedroom FMR. That's within a couple percent of the state median of $929 and about 9% below the national median county at $1,018. About 2,970 people live here, 48th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $930 in 57638 (Lemmon) and $1,210 in 57620 (Bison), with the 5 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
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 Perkins somewhere between $836 and $1,022. 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.
$929 a month is affordable, by HUD's 30% rule, on an income of roughly $37,160 a year. Put another way, $18 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% ($836) | HAP at 100% ($929) | HAP at 110% ($1,022) |
|---|---|---|---|---|
| $2,500 | $750 | $86 | $179 | $272 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 7% from FY 2025 ($872) to FY 2026 ($929). Since FY 2020 it's up 25% in total, about 3.7% a year. The South Dakota median moved up 7% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $509 | $566 | $745 | $928 | $1,128 | — |
| FY 2021 | $503 | $546 | $719 | $894 | $1,166 | -3.5% |
| FY 2022 | $541 | $575 | $757 | $965 | $1,228 | +5.3% |
| FY 2023 | $575 | $664 | $826 | $1,106 | $1,347 | +9.1% |
| FY 2024 | $613 | $729 | $905 | $1,251 | $1,454 | +9.6% |
| FY 2025 | $598 | $720 | $872 | $1,219 | $1,360 | -3.6% |
| FY 2026 | $641 | $722 | $929 | $1,212 | $1,438 | +6.5% |
| FY 2027 | $717 | $787 | $1,030 | $1,229 | $1,624 | +10.9% |
Nearby counties
Questions people ask
$929 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $641 for a studio, $722 for one bedroom, $1,212 for three and $1,438 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 Perkins actually go for?
HUD's number is one input. Search any address in Perkins for a rent estimate built from nearby comps. 3 free searches, no card.
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