Fair Market Rent rankings
The most expensive US metro for renters by FY2026 Fair Market Rent is San Francisco, CA at $3,604 for a two-bedroom, while the cheapest of the largest metros is McAllen-Edinburg-Mission, TX at $1,060. By state median, Hawaii tops the list at $2,492. The full rankings below cover metros, states and the spread between unit sizes.
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
All rankings
Most expensive metros
Largest metros ranked by 2-bedroom FMR, highest first.
Cheapest metrosThe lowest 2-bedroom FMRs among the largest metros.
Most expensive statesStates and DC ranked by median 2-bedroom FMR.
Cheapest statesThe most affordable states by median FMR.
Biggest studio-to-4BR jumpWhere unit size changes the FMR the most.
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Last updated: 2026-06-20