HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Monroe County, Wisconsin (FY 2026)
A two-bedroom in Monroe County carries a FY 2026 Fair Market Rent of $1,036 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Monroe keys off that figure.
2 bedroom FMR
$1,036
FY 2026, utilities included
Payment standard range
$932 to $1,140
90% to 110% of FMR
Income to afford 2BR
$41,440
per year, at 30% of income
Rank in Wisconsin
34th of 72
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Monroe moves to $1,039. That's unchanged. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Monroe actually rent for?
Search any address in Monroe 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 | $714 | $643 to $785 | $28,560 | $13.73/hr | -1.7% |
| 1 bedroom | $828 | $745 to $911 | $33,120 | $15.92/hr | -3.4% |
| 2 bedroom | $1,036 | $932 to $1,140 | $41,440 | $19.92/hr | -2.2% |
| 3 bedroom | $1,360 | $1,224 to $1,496 | $54,400 | $26.15/hr | -1.1% |
| 4 bedroom | $1,413 | $1,272 to $1,554 | $56,520 | $27.17/hr | -7.0% |
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 | $1,625 | $1,463 to $1,788 |
| 6 bedroom Estimate | $1,837 | $1,653 to $2,021 |
| 7 bedroom Estimate | $2,049 | $1,844 to $2,254 |
| 8 bedroom Estimate | $2,261 | $2,035 to $2,487 |
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 Monroe, that runs from $714 for a studio up to $1,413 for four bedrooms, all five rates in the table above.
Because Monroe 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, Cashton included.
Among Wisconsin's 72 counties, Monroe ranks 34th for two-bedroom FMR. That's about 3% above the state median of $1,010 and within a couple percent of the national median county at $1,018. About 46,208 people live here, 31st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $970 in 54638 (Kendall) and $1,230 in 54666 (Warrens), with the 8 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 Monroe somewhere between $932 and $1,140. 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.
$1,036 a month is affordable, by HUD's 30% rule, on an income of roughly $41,440 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% ($932) | HAP at 100% ($1,036) | HAP at 110% ($1,140) |
|---|---|---|---|---|
| $2,500 | $750 | $182 | $286 | $390 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 2% from FY 2025 ($1,059) to FY 2026 ($1,036). Since FY 2020 it's up 23% in total, about 3.5% a year. The Wisconsin median moved up 1% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $550 | $641 | $844 | $1,055 | $1,313 | — |
| FY 2021 | $545 | $627 | $826 | $1,044 | $1,245 | -2.1% |
| FY 2022 | $577 | $681 | $869 | $1,111 | $1,265 | +5.2% |
| FY 2023 | $614 | $740 | $919 | $1,184 | $1,360 | +5.8% |
| FY 2024 | $676 | $811 | $998 | $1,297 | $1,427 | +8.6% |
| FY 2025 | $726 | $857 | $1,059 | $1,375 | $1,519 | +6.1% |
| FY 2026 | $714 | $828 | $1,036 | $1,360 | $1,413 | -2.2% |
| FY 2027 | $724 | $833 | $1,039 | $1,383 | $1,469 | +0.3% |
Nearby counties
Questions people ask
$1,036 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $714 for a studio, $828 for one bedroom, $1,360 for three and $1,413 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 Monroe actually go for?
HUD's number is one input. Search any address in Monroe for a rent estimate built from nearby comps. 3 free searches, no card.
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