HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Converse County, Wyoming (FY 2026)
$1,026 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Converse County, and it's the baseline every voucher in Converse is measured against.
2 bedroom FMR
$1,026
FY 2026, utilities included
Payment standard range
$923 to $1,129
90% to 110% of FMR
Income to afford 2BR
$41,040
per year, at 30% of income
Rank in Wyoming
8th of 23
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Converse moves to $1,052. That's up 3%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Converse actually rent for?
Search any address in Converse 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 | $777 | $699 to $855 | $31,080 | $14.94/hr | +1.6% |
| 1 bedroom | $782 | $704 to $860 | $31,280 | $15.04/hr | +1.6% |
| 2 bedroom | $1,026 | $923 to $1,129 | $41,040 | $19.73/hr | +1.6% |
| 3 bedroom | $1,412 | $1,271 to $1,553 | $56,480 | $27.15/hr | +10.4% |
| 4 bedroom | $1,695 | $1,526 to $1,865 | $67,800 | $32.60/hr | +2.0% |
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 | $1,949 | $1,754 to $2,144 |
| 6 bedroom Estimate | $2,204 | $1,984 to $2,424 |
| 7 bedroom Estimate | $2,458 | $2,212 to $2,704 |
| 8 bedroom Estimate | $2,712 | $2,441 to $2,983 |
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 Converse, that runs from $777 for a studio up to $1,695 for four bedrooms, all five rates in the table above.
Because Converse 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, Lost Springs included.
Among Wyoming's 23 counties, Converse ranks 8th for two-bedroom FMR. That's about 5% above the state median of $980 and within a couple percent of the national median county at $1,018. About 13,729 people live here, 13th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $960 in 82224 (Lost Springs) and $1,070 in 82637 (Glenrock), with the 4 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 Converse somewhere between $923 and $1,129. 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.
$1,026 a month is affordable, by HUD's 30% rule, on an income of roughly $41,040 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% ($923) | HAP at 100% ($1,026) | HAP at 110% ($1,129) |
|---|---|---|---|---|
| $2,500 | $750 | $173 | $276 | $379 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2025 ($1,010) to FY 2026 ($1,026). Since FY 2020 it's up 25% in total, about 3.8% a year. The Wyoming median held flat over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $611 | $681 | $818 | $1,137 | $1,436 | — |
| FY 2021 | $632 | $699 | $811 | $1,024 | $1,404 | -0.9% |
| FY 2022 | $669 | $707 | $821 | $1,015 | $1,405 | +1.2% |
| FY 2023 | $658 | $662 | $872 | $1,061 | $1,482 | +6.2% |
| FY 2024 | $770 | $776 | $1,019 | $1,274 | $1,694 | +16.9% |
| FY 2025 | $765 | $770 | $1,010 | $1,279 | $1,661 | -0.9% |
| FY 2026 | $777 | $782 | $1,026 | $1,412 | $1,695 | +1.6% |
| FY 2027 | $799 | $804 | $1,052 | $1,444 | $1,758 | +2.5% |
Nearby counties
Questions people ask
$1,026 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $777 for a studio, $782 for one bedroom, $1,412 for three and $1,695 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 Converse actually go for?
HUD's number is one input. Search any address in Converse for a rent estimate built from nearby comps. 3 free searches, no card.
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