HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Stanley County, South Dakota (FY 2026)
A two-bedroom in Stanley County carries a FY 2026 Fair Market Rent of $1,034 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Stanley keys off that figure.
2 bedroom FMR
$1,034
FY 2026, utilities included
Payment standard range
$931 to $1,137
90% to 110% of FMR
Income to afford 2BR
$41,360
per year, at 30% of income
Rank in South Dakota
17th of 66
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Stanley moves to $1,202. That's up 16%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Stanley actually rent for?
Search any address in Stanley 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 | $713 | $642 to $784 | $28,520 | $13.71/hr | +4.9% |
| 1 bedroom | $788 | $709 to $867 | $31,520 | $15.15/hr | +4.2% |
| 2 bedroom | $1,034 | $931 to $1,137 | $41,360 | $19.88/hr | +4.2% |
| 3 bedroom | $1,316 | $1,184 to $1,448 | $52,640 | $25.31/hr | +2.0% |
| 4 bedroom | $1,601 | $1,441 to $1,761 | $64,040 | $30.79/hr | +3.3% |
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 | $1,841 | $1,657 to $2,025 |
| 6 bedroom Estimate | $2,081 | $1,873 to $2,289 |
| 7 bedroom Estimate | $2,321 | $2,089 to $2,553 |
| 8 bedroom Estimate | $2,562 | $2,306 to $2,818 |
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 Stanley, that runs from $713 for a studio up to $1,601 for four bedrooms, all five rates in the table above.
Because Stanley 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, Fort Pierre included.
Among South Dakota's 66 counties, Stanley ranks 17th for two-bedroom FMR. That's about 11% above the state median of $929 and within a couple percent of the national median county at $1,018. About 2,979 people live here, 47th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,020 in 57537 (Hayes) and $1,030 in 57532 (Fort Pierre), with the 2 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 Stanley somewhere between $931 and $1,137. 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.
$1,034 a month is affordable, by HUD's 30% rule, on an income of roughly $41,360 a year. Put another way, $20 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% ($931) | HAP at 100% ($1,034) | HAP at 110% ($1,137) |
|---|---|---|---|---|
| $2,500 | $750 | $181 | $284 | $387 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2025 ($992) to FY 2026 ($1,034). Since FY 2020 it's up 22% in total, about 3.4% 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 | $579 | $644 | $848 | $1,097 | $1,284 | — |
| FY 2021 | $567 | $615 | $810 | $1,054 | $1,263 | -4.5% |
| FY 2022 | $602 | $640 | $842 | $1,105 | $1,356 | +4.0% |
| FY 2023 | $673 | $735 | $968 | $1,292 | $1,578 | +15.0% |
| FY 2024 | $727 | $816 | $1,072 | $1,419 | $1,722 | +10.7% |
| FY 2025 | $680 | $756 | $992 | $1,290 | $1,550 | -7.5% |
| FY 2026 | $713 | $788 | $1,034 | $1,316 | $1,601 | +4.2% |
| FY 2027 | $837 | $919 | $1,202 | $1,545 | $1,896 | +16.2% |
Nearby counties
Questions people ask
$1,034 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $713 for a studio, $788 for one bedroom, $1,316 for three and $1,601 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 Stanley actually go for?
HUD's number is one input. Search any address in Stanley for a rent estimate built from nearby comps. 3 free searches, no card.
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