HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Rutland County, Vermont (FY 2026)
$1,345 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Rutland County, and it's the baseline every voucher in Rutland is measured against.
2 bedroom FMR
$1,345
FY 2026, utilities included
Payment standard range
$1,211 to $1,480
90% to 110% of FMR
Income to afford 2BR
$53,800
per year, at 30% of income
Rank in Vermont
10th of 14
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Rutland moves to $1,541. That's up 15%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Rutland actually rent for?
Search any address in Rutland 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 | $1,019 | $917 to $1,121 | $40,760 | $19.60/hr | +2.7% |
| 1 bedroom | $1,026 | $923 to $1,129 | $41,040 | $19.73/hr | +2.8% |
| 2 bedroom | $1,345 | $1,211 to $1,480 | $53,800 | $25.87/hr | +7.0% |
| 3 bedroom | $1,638 | $1,474 to $1,802 | $65,520 | $31.50/hr | +5.6% |
| 4 bedroom | $1,987 | $1,788 to $2,186 | $79,480 | $38.21/hr | +2.3% |
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 | $2,285 | $2,057 to $2,514 |
| 6 bedroom Estimate | $2,583 | $2,325 to $2,841 |
| 7 bedroom Estimate | $2,881 | $2,593 to $3,169 |
| 8 bedroom Estimate | $3,179 | $2,861 to $3,497 |
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 Rutland, that runs from $1,019 for a studio up to $1,987 for four bedrooms, all five rates in the table above.
Because Rutland 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, Rutland included.
Among Vermont's 14 counties, Rutland ranks 10th for two-bedroom FMR. That's within a couple percent of the state median of $1,362 and about 32% above the national median county at $1,018. About 60,484 people live here, 2nd in the state.
Rates by town
Vermont publishes Fair Market Rents town by town instead of by county. All 28 towns in Rutland County share the same rate for FY 2026, so the county number is the town number wherever you are.
| Town | Population | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|---|
| Rutland city | 15,747 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Castleton town | 4,457 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Brandon town | 4,121 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Rutland town | 3,923 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Poultney town | 3,019 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Pittsford town | 2,890 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Fair Haven town | 2,729 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Clarendon town | 2,557 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Wallingford town | 2,376 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| West Rutland town | 2,275 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Proctor town | 1,792 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Mount Holly town | 1,456 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Chittenden town | 1,405 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Pawlet town | 1,334 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Shrewsbury town | 1,250 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Danby town | 1,186 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Wells town | 1,023 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Mendon town | 982 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Hubbardton town | 852 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Killington town | 835 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Tinmouth town | 800 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Benson town | 770 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Middletown Springs town | 734 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Sudbury town | 667 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Ira town | 435 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Pittsfield town | 399 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| West Haven town | 252 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
| Mount Tabor town | 218 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 |
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,160 in 05732 (Bomoseen) and $1,780 in 05751 (Killington), with the 30 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 05701 | Rutland | $1,310 | -2.6% |
| 05702 | Rutland | $1,350 | +0.4% |
| 05730 | Belmont | $1,310 | -2.6% |
| 05731 | Benson | $1,320 | -1.9% |
| 05732 | Bomoseen | $1,160 | -13.8% |
| 05733 | Brandon | $1,440 | +7.1% |
| 05735 | Castleton | $1,740 | +29.4% |
| 05736 | Center Rutland | $1,350 | +0.4% |
| 05737 | Chittenden | $1,330 | -1.1% |
| 05738 | Cuttingsville | $1,720 | +27.9% |
| 05739 | Danby | $1,400 | +4.1% |
| 05741 | East Poultney | $1,350 | +0.4% |
| 05742 | East Wallingford | $1,220 | -9.3% |
| 05743 | Fair Haven | $1,340 | -0.4% |
| 05744 | Florence | $1,510 | +12.3% |
| 05745 | Forest Dale | $1,350 | +0.4% |
| 05750 | Hydeville | $1,350 | +0.4% |
| 05751 | Killington | $1,780 | +32.3% |
| 05757 | Middletown Springs | $1,590 | +18.2% |
| 05758 | Mount Holly | $1,460 | +8.6% |
| 05759 | North Clarendon | $1,380 | +2.6% |
| 05761 | Pawlet | $1,750 | +30.1% |
| 05762 | Pittsfield | $1,320 | -1.9% |
| 05763 | Pittsford | $1,410 | +4.8% |
| 05764 | Poultney | $1,180 | -12.3% |
| 05765 | Proctor | $1,460 | +8.6% |
| 05773 | Wallingford | $1,370 | +1.9% |
| 05774 | Wells | $1,520 | +13.0% |
| 05775 | West Pawlet | $1,380 | +2.6% |
| 05777 | West Rutland | $1,460 | +8.6% |
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 Rutland somewhere between $1,211 and $1,480. 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.
$1,345 a month is affordable, by HUD's 30% rule, on an income of roughly $53,800 a year. Put another way, $26 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% ($1,211) | HAP at 100% ($1,345) | HAP at 110% ($1,480) |
|---|---|---|---|---|
| $2,500 | $750 | $461 | $595 | $730 |
| $4,000 | $1,200 | $11 | $145 | $280 |
Rate history
The two-bedroom rate went up 7% from FY 2025 ($1,257) to FY 2026 ($1,345). Since FY 2020 it's up 43% in total, about 6.1% a year. The Vermont median moved up 6% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $772 | $797 | $942 | $1,293 | $1,342 | — |
| FY 2021 | $764 | $779 | $918 | $1,252 | $1,378 | -2.5% |
| FY 2022 | $814 | $834 | $981 | $1,344 | $1,620 | +6.9% |
| FY 2023 | $904 | $911 | $1,088 | $1,440 | $1,825 | +10.9% |
| FY 2024 | $991 | $997 | $1,224 | $1,561 | $2,004 | +12.5% |
| FY 2025 | $992 | $998 | $1,257 | $1,551 | $1,942 | +2.7% |
| FY 2026 | $1,019 | $1,026 | $1,345 | $1,638 | $1,987 | +7.0% |
| FY 2027 | $1,170 | $1,178 | $1,541 | $1,836 | $2,149 | +14.6% |
Nearby counties
Windsor County
$1,36226 mi · pop 57,968
Addison County
$1,43832 mi · pop 37,497
Bennington County
$1,29737 mi · pop 37,312
Orange County
$1,36244 mi · pop 29,594
Windham County
$1,42345 mi · pop 45,913
Washington County
$1,48253 mi · pop 59,958
Chittenden County
$2,14061 mi · pop 168,831
Lamoille County
$1,34574 mi · pop 26,036
Questions people ask
$1,345 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,019 for a studio, $1,026 for one bedroom, $1,638 for three and $1,987 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 Rutland actually go for?
HUD's number is one input. Search any address in Rutland for a rent estimate built from nearby comps. 3 free searches, no card.
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