HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Teton County, Wyoming (FY 2026)
$1,653 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Teton County, and it's the baseline every voucher in Teton is measured against.
2 bedroom FMR
$1,653
FY 2026, utilities included
Payment standard range
$1,488 to $1,818
90% to 110% of FMR
Income to afford 2BR
$66,120
per year, at 30% of income
Rank in Wyoming
1st of 23
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Teton moves to $1,683. That's up 2%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Teton actually rent for?
Search any address in Teton 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 | $1,252 | $1,127 to $1,377 | $50,080 | $24.08/hr | +5.6% |
| 1 bedroom | $1,260 | $1,134 to $1,386 | $50,400 | $24.23/hr | +5.5% |
| 2 bedroom | $1,653 | $1,488 to $1,818 | $66,120 | $31.79/hr | +5.4% |
| 3 bedroom | $2,216 | $1,994 to $2,438 | $88,640 | $42.62/hr | +6.0% |
| 4 bedroom | $2,730 | $2,457 to $3,003 | $109,200 | $52.50/hr | +4.7% |
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 | $3,140 | $2,826 to $3,454 |
| 6 bedroom Estimate | $3,549 | $3,194 to $3,904 |
| 7 bedroom Estimate | $3,959 | $3,563 to $4,355 |
| 8 bedroom Estimate | $4,368 | $3,931 to $4,805 |
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 Teton, that runs from $1,252 for a studio up to $2,730 for four bedrooms, all five rates in the table above.
Because Teton 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, Jackson included.
Among Wyoming's 23 counties, Teton ranks 1st for two-bedroom FMR. That's about 69% above the state median of $980 and about 62% above the national median county at $1,018. About 23,346 people live here, 9th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,420 in 83013 (Moran) and $1,740 in 83001 (Jackson), 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 Teton somewhere between $1,488 and $1,818. 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.
$1,653 a month is affordable, by HUD's 30% rule, on an income of roughly $66,120 a year. Put another way, $32 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% ($1,488) | HAP at 100% ($1,653) | HAP at 110% ($1,818) |
|---|---|---|---|---|
| $2,500 | $750 | $738 | $903 | $1,068 |
| $4,000 | $1,200 | $288 | $453 | $618 |
Rate history
The two-bedroom rate went up 5% from FY 2025 ($1,568) to FY 2026 ($1,653). Since FY 2020 it's up 31% in total, about 4.6% 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 | $942 | $1,108 | $1,261 | $1,791 | $2,214 | — |
| FY 2021 | $1,078 | $1,162 | $1,325 | $1,896 | $2,294 | +5.1% |
| FY 2022 | $1,151 | $1,158 | $1,408 | $1,988 | $2,410 | +6.3% |
| FY 2023 | $1,174 | $1,181 | $1,490 | $2,099 | $2,538 | +5.8% |
| FY 2024 | $1,317 | $1,326 | $1,742 | $2,322 | $2,896 | +16.9% |
| FY 2025 | $1,186 | $1,194 | $1,568 | $2,090 | $2,607 | -10.0% |
| FY 2026 | $1,252 | $1,260 | $1,653 | $2,216 | $2,730 | +5.4% |
| FY 2027 | $1,278 | $1,287 | $1,683 | $2,330 | $2,787 | +1.8% |
Nearby counties
Questions people ask
$1,653 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,252 for a studio, $1,260 for one bedroom, $2,216 for three and $2,730 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 Teton actually go for?
HUD's number is one input. Search any address in Teton for a rent estimate built from nearby comps. 3 free searches, no card.
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