HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Sublette County, Wyoming (FY 2026)
A two-bedroom in Sublette County carries a FY 2026 Fair Market Rent of $995 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Sublette keys off that figure.
2 bedroom FMR
$995
FY 2026, utilities included
Payment standard range
$896 to $1,095
90% to 110% of FMR
Income to afford 2BR
$39,800
per year, at 30% of income
Rank in Wyoming
11th of 23
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Sublette moves to $1,068. That's up 7%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Sublette actually rent for?
Search any address in Sublette 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 | $759 | $683 to $835 | $30,360 | $14.60/hr | -0.9% |
| 1 bedroom | $764 | $688 to $840 | $30,560 | $14.69/hr | -0.9% |
| 2 bedroom | $995 | $896 to $1,095 | $39,800 | $19.13/hr | -1.4% |
| 3 bedroom | $1,384 | $1,246 to $1,522 | $55,360 | $26.62/hr | -2.1% |
| 4 bedroom | $1,643 | $1,479 to $1,807 | $65,720 | $31.60/hr | -1.0% |
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 | $1,889 | $1,700 to $2,078 |
| 6 bedroom Estimate | $2,136 | $1,922 to $2,350 |
| 7 bedroom Estimate | $2,382 | $2,144 to $2,620 |
| 8 bedroom Estimate | $2,629 | $2,366 to $2,892 |
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 Sublette, that runs from $759 for a studio up to $1,643 for four bedrooms, all five rates in the table above.
Because Sublette 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, Bondurant included.
Among Wyoming's 23 counties, Sublette ranks 11th for two-bedroom FMR. That's within a couple percent of the state median of $980 and about 2% below the national median county at $1,018. About 8,801 people live here, 16th 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 83113 (Big Piney) and $1,360 in 82922 (Bondurant), with the 6 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 Sublette somewhere between $896 and $1,095. 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.
$995 a month is affordable, by HUD's 30% rule, on an income of roughly $39,800 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% ($896) | HAP at 100% ($995) | HAP at 110% ($1,095) |
|---|---|---|---|---|
| $2,500 | $750 | $146 | $245 | $345 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 1% from FY 2025 ($1,009) to FY 2026 ($995). Since FY 2020 it's up 27% in total, about 4.1% 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 | $586 | $689 | $784 | $1,131 | $1,376 | — |
| FY 2021 | $572 | $621 | $734 | $1,050 | $1,271 | -6.4% |
| FY 2022 | $592 | $596 | $757 | $1,075 | $1,296 | +3.1% |
| FY 2023 | $651 | $655 | $839 | $1,192 | $1,426 | +10.8% |
| FY 2024 | $803 | $808 | $1,038 | $1,463 | $1,726 | +23.7% |
| FY 2025 | $766 | $771 | $1,009 | $1,414 | $1,659 | -2.8% |
| FY 2026 | $759 | $764 | $995 | $1,384 | $1,643 | -1.4% |
| FY 2027 | $814 | $819 | $1,068 | $1,479 | $1,768 | +7.3% |
Nearby counties
Questions people ask
$995 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $759 for a studio, $764 for one bedroom, $1,384 for three and $1,643 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 Sublette actually go for?
HUD's number is one input. Search any address in Sublette for a rent estimate built from nearby comps. 3 free searches, no card.
Free tier. No credit card.