Monroe County fair market rent FY 2027Florida, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Monroe County, Florida is $2,254 a month, effective October 1, 2026: $1,554 for a studio, $1,990 for one bedroom, $2,973 for three and $2,984 for four. The FY 2026 two-bedroom FMR was $2,504 (-10.0%).
Monroe County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $1,554 | $1,726 | -10.0% | $1,398 to $1,709 |
| 1 bedroom | $1,990 | $2,211 | -10.0% | $1,791 to $2,189 |
| 2 bedrooms | $2,254 | $2,504 | -10.0% | $2,028 to $2,479 |
| 3 bedrooms | $2,973 | $3,303 | -10.0% | $2,675 to $3,270 |
| 4 bedrooms | $2,984 | $3,315 | -10.0% | $2,685 to $3,282 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Monroe County compares
Monroe County's two-bedroom FMR of $2,254 is the 4th highest of 67 counties in Florida, where the county median is $1,474 and the range $953 to $2,564. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Monroe County ranks 82nd.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Monroe County, FL it lists 14 ZIP codes, with two-bedroom Small Area FMRs from $2,010 to $2,620. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Florida counties · Fair market rents in every state
More for Monroe County
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- Monroe County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
- Florida title insurance calculatorPromulgated premium from rule 69O-186.003, the $25 simultaneous loan policy and the reissue rate.
- Florida closing cost calculatorDoc stamps, intangible tax, title premiums, recording fees and the seller's net proceeds.
- Real estate transfer tax calculatorDeed transfer taxes for New York, Florida, Pennsylvania, Illinois, the Carolinas, Arkansas, Texas and Arizona.
- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Monroe County property
HeritageDeed does not search title records in Monroe County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Monroe County fair market rent
What is the fair market rent in Monroe County for FY 2027?
$1,554 for a studio, $1,990 for one bedroom, $2,254 for two, $2,973 for three and $2,984 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Monroe County for FY 2026?
$1,726 for a studio, $2,211 for one bedroom, $2,504 for two, $3,303 for three and $3,315 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Monroe County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $2,028 to $2,479 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Monroe County's fair market rent high for Florida?
$2,254 for two bedrooms ranks 4th of 67 counties in Florida; the state's county median is $1,474 (range $953 to $2,564) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/florida/monroe-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.