HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Platte County, Wyoming (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Platte County is $963 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
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
21st of 23
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Platte 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 Platte actually rent for?
Search any address in Platte 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 | $761 | $685 to $837 | $30,440 | $14.63/hr | +6.6% |
| 1 bedroom | $785 | $707 to $864 | $31,400 | $15.10/hr | +9.2% |
| 2 bedroom | $963 | $867 to $1,059 | $38,520 | $18.52/hr | +2.1% |
| 3 bedroom | $1,253 | $1,128 to $1,378 | $50,120 | $24.10/hr | +10.3% |
| 4 bedroom | $1,590 | $1,431 to $1,749 | $63,600 | $30.58/hr | +2.6% |
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 | $1,829 | $1,646 to $2,012 |
| 6 bedroom Estimate | $2,067 | $1,860 to $2,274 |
| 7 bedroom Estimate | $2,306 | $2,075 to $2,537 |
| 8 bedroom Estimate | $2,544 | $2,290 to $2,798 |
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 Platte, that runs from $761 for a studio up to $1,590 for four bedrooms, all five rates in the table above.
Because Platte 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, Wheatland included.
Among Wyoming's 23 counties, Platte ranks 21st 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 8,618 people live here, 17th 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 82201 (Wheatland) and $1,080 in 82210 (Chugwater), with the 5 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 Platte 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 2% from FY 2025 ($943) to FY 2026 ($963). Since FY 2020 it's up 35% in total, about 5.1% 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 | $534 | $542 | $714 | $890 | $1,101 | — |
| FY 2021 | $553 | $557 | $734 | $1,002 | $1,118 | +2.8% |
| FY 2022 | $572 | $575 | $757 | $1,047 | $1,121 | +3.1% |
| FY 2023 | $623 | $628 | $826 | $1,057 | $1,185 | +9.1% |
| FY 2024 | $767 | $772 | $1,014 | $1,226 | $1,417 | +22.8% |
| FY 2025 | $714 | $719 | $943 | $1,136 | $1,550 | -7.0% |
| FY 2026 | $761 | $785 | $963 | $1,253 | $1,590 | +2.1% |
| FY 2027 | $779 | $821 | $999 | $1,354 | $1,654 | +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 $761 for a studio, $785 for one bedroom, $1,253 for three and $1,590 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 Platte actually go for?
HUD's number is one input. Search any address in Platte for a rent estimate built from nearby comps. 3 free searches, no card.
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