HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Hot Springs County, Wyoming (FY 2026)
A two-bedroom in Hot Springs County carries a FY 2026 Fair Market Rent of $963 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Hot Springs keys off that figure.
2 bedroom FMR
$963
FY 2026, utilities included
Payment standard range
$867 to $1,059
90% to 110% of FMR
Income to afford 2BR
$38,520
per year, at 30% of income
Rank in Wyoming
18th of 23
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Hot Springs moves to $999. That's up 4%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Hot Springs actually rent for?
Search any address in Hot Springs 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 | $729 | $656 to $802 | $29,160 | $14.02/hr | +3.1% |
| 1 bedroom | $734 | $661 to $807 | $29,360 | $14.12/hr | +3.2% |
| 2 bedroom | $963 | $867 to $1,059 | $38,520 | $18.52/hr | +3.2% |
| 3 bedroom | $1,339 | $1,205 to $1,473 | $53,560 | $25.75/hr | +2.4% |
| 4 bedroom | $1,577 | $1,419 to $1,735 | $63,080 | $30.33/hr | +3.8% |
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 | $1,814 | $1,633 to $1,995 |
| 6 bedroom Estimate | $2,050 | $1,845 to $2,255 |
| 7 bedroom Estimate | $2,287 | $2,058 to $2,516 |
| 8 bedroom Estimate | $2,523 | $2,271 to $2,775 |
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 Hot Springs, that runs from $729 for a studio up to $1,577 for four bedrooms, all five rates in the table above.
Because Hot Springs 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, Kirby included.
Among Wyoming's 23 counties, Hot Springs ranks 18th for two-bedroom FMR. That's within a couple percent of the state median of $980 and about 5% below the national median county at $1,018. About 4,616 people live here, 22nd in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 2 ZIP codes it covers in Hot Springs, the two-bedroom rate is $960 across the board, so there's no ZIP-level story here.
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 Hot Springs somewhere between $867 and $1,059. 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.
$963 a month is affordable, by HUD's 30% rule, on an income of roughly $38,520 a year. Put another way, $19 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% ($867) | HAP at 100% ($963) | HAP at 110% ($1,059) |
|---|---|---|---|---|
| $2,500 | $750 | $117 | $213 | $309 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($933) to FY 2026 ($963). Since FY 2020 it's up 23% in total, about 3.5% 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 | $511 | $620 | $785 | $978 | $1,378 | — |
| FY 2021 | $603 | $607 | $800 | $995 | $1,385 | +1.9% |
| FY 2022 | $610 | $614 | $808 | $999 | $1,383 | +1.0% |
| FY 2023 | $636 | $640 | $843 | $1,132 | $1,433 | +4.3% |
| FY 2024 | $684 | $689 | $905 | $1,275 | $1,536 | +7.4% |
| FY 2025 | $707 | $711 | $933 | $1,307 | $1,520 | +3.1% |
| FY 2026 | $729 | $734 | $963 | $1,339 | $1,577 | +3.2% |
| FY 2027 | $759 | $764 | $999 | $1,383 | $1,565 | +3.7% |
Nearby counties
Questions people ask
$963 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $729 for a studio, $734 for one bedroom, $1,339 for three and $1,577 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 Hot Springs actually go for?
HUD's number is one input. Search any address in Hot Springs for a rent estimate built from nearby comps. 3 free searches, no card.
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