New York, NY Fair Market Rent (FY2026)
New York, NY HUD Metro FMR Area · NY · 8 counties · pop. 10,055,639 (2023)
The FY2026 Fair Market Rent for a 2-bedroom in New York, NY is $2,910/month. Across bedroom sizes the HUD FMR runs from $2,529 (studio) to $3,959 (4-bedroom). That 2-bedroom figure is $1,935 above the US national median FMR of $975 — far above the national median FMR — and ranks #7 of 75 among the largest metros (1 = most expensive). FMR is the federal voucher rent standard, not the market median.
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
New York, NY FMR by bedroom size
| Unit size | Monthly FMR | ≈ Weekly | Annual |
|---|---|---|---|
| Studio / efficiency | $2,529 | $584 | $30,348 |
| 1-bedroom | $2,655 | $613 | $31,860 |
| 2-bedroom | $2,910 | $672 | $34,920 |
| 3-bedroom | $3,644 | $842 | $43,728 |
| 4-bedroom | $3,959 | $914 | $47,508 |
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Weekly and annual figures are simple conversions of the monthly FMR (÷4.33 and ×12). The monthly FMR is HUD's published value. Verify on huduser.gov.
What this FMR means
Fair Market Rent is HUD's estimate of the 40th-percentile gross rent — contract rent plus tenant-paid utilities — for a modest, non-luxury unit in New York, NY. It is recalculated each fiscal year from American Community Survey rent data and a current-year inflation factor. Public housing agencies use the FMR to set Housing Choice Voucher (Section 8) payment standards, typically 90–110% of the FMR. A higher FMR means the program will cover a higher rent in this area; it does not mean landlords charge exactly this much.
New York, NY vs its state and the US
| Benchmark | 2-bedroom FMR |
|---|---|
| New York, NY | $2,910 |
| New York state median | $1,185 |
| US national median | $975 |
New York, NY sits in New York, where the median area's 2-bedroom FMR is $1,185 and areas range from $973 to $2,910.
Metro areas with a similar FMR
The five areas closest to New York, NY on the 2-bedroom FMR scale:
| Metro area | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| New York, NY (this area) | $2,529 | $2,655 | $2,910 | $3,644 | $3,959 |
| Oakland-Fremont, CA | $2,142 | $2,385 | $2,912 | $3,724 | $4,413 |
| Los Angeles-Long Beach-Glendale, CA | $2,079 | $2,328 | $2,903 | $3,681 | $4,098 |
| Boston-Cambridge-Quincy, MA-NH | $2,359 | $2,476 | $2,941 | $3,526 | $3,894 |
| San Diego-Chula Vista-Carlsbad, CA | $2,288 | $2,459 | $3,001 | $3,998 | $4,845 |
| Nassau-Suffolk, NY | $1,992 | $2,379 | $2,747 | $3,563 | $3,768 |
Frequently asked questions
What is the FY2026 Fair Market Rent for a 2-bedroom in New York, NY?
The FY2026 HUD Fair Market Rent for a two-bedroom unit in the New York, NY HUD Metro FMR Area is $2,910 per month. FMR is the 40th-percentile gross rent (including utilities) HUD uses to set Housing Choice Voucher payment standards — it is not the local market median. Verify the current figure at huduser.gov.
What are the FMRs for other bedroom sizes in New York, NY?
In FY2026 the FMRs are $2,529 (studio), $2,655 (1-bedroom), $2,910 (2-bedroom), $3,644 (3-bedroom) and $3,959 (4-bedroom) per month. Larger units have higher FMRs because they assume more bedrooms and occupants.
Is rent in New York, NY high compared with the rest of the US?
Its 2-bedroom FMR of $2,910 is $1,935 above the national median FMR of $975 (+198%) — far above the national median FMR. Among the 75 largest metros it ranks #7 of 75 by 2-bedroom FMR (1 = most expensive).
Does the FMR mean my voucher will cover that much rent?
Not exactly. The local public housing agency (PHA) sets a "payment standard" usually between 90% and 110% of the FMR, and your subsidy is based on that standard minus roughly 30% of your adjusted income. The FMR is the benchmark, not a guaranteed amount — check with the PHA that serves New York, NY.
Keep exploring
Source & accuracy
FY2026 Fair Market Rents, U.S. Dept. of Housing & Urban Development — HUD USER (public domain). FMR is the federal voucher rent standard, not the market median. Figures are a June 2026 snapshot of HUD's revised final FY2026 file; verify the current value on huduser.gov before relying on it.
Last updated: 2026-06-20