New York County fair market rent FY 2027New York, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in New York County, New York is $2,971 a month, effective October 1, 2026: $2,593 for a studio, $2,729 for one bedroom, $3,760 for three and $4,121 for four. It is set for the New York, NY HUD Metro FMR Area. The FY 2026 two-bedroom FMR was $2,910 (+2.1%).
New York County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $2,593 | $2,529 | +2.5% | $2,333 to $2,852 |
| 1 bedroom | $2,729 | $2,655 | +2.8% | $2,456 to $3,001 |
| 2 bedrooms | $2,971 | $2,910 | +2.1% | $2,673 to $3,268 |
| 3 bedrooms | $3,760 | $3,644 | +3.2% | $3,384 to $4,136 |
| 4 bedrooms | $4,121 | $3,959 | +4.1% | $3,708 to $4,533 |
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 New York County compares
New York County's two-bedroom FMR of $2,971 is the 1st highest of 62 counties in New York, where the county median is $1,385 and the range $1,014 to $2,971. Across all 3,144 US counties the median two-bedroom FMR is $1,071; New York County ranks 16th.
HUD sets one FMR for each metropolitan area, so Bronx County, Kings County, Putnam County, Queens County, Richmond County, Rockland County and Westchester County have the same figures as New York County (New York, NY HUD Metro FMR Area).
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the New York, NY HUD Metro FMR Area it lists 410 ZIP codes, with two-bedroom Small Area FMRs from $2,620 to $4,460. 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 New York counties · Fair market rents in every state
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Questions about New York County fair market rent
What is the fair market rent in New York County for FY 2027?
$2,593 for a studio, $2,729 for one bedroom, $2,971 for two, $3,760 for three and $4,121 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in New York County for FY 2026?
$2,529 for a studio, $2,655 for one bedroom, $2,910 for two, $3,644 for three and $3,959 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in New York County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $2,673 to $3,268 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 New York County's fair market rent high for New York?
$2,971 for two bedrooms ranks 1st of 62 counties in New York; the state's county median is $1,385 (range $1,014 to $2,971) 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/new-york/new-york-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.