2025 Fair Market Rent

Click to view 2025 Fair Market Rent

Fair market rent (FMR) is an estimate of how much a property would rent for in a given area. It's used by the U.S. Department of Housing and Urban Development (HUD) to determine payment amounts for housing assistance programs

The FMR is the 40th percentile of gross rents for typical, non-substandard rental units occupied by recent movers in a local housing market.

What is the difference between fair market rent and market rent?

Market rents are determined by the free market and used for general rental transactions, while FMRs are government established figures used for housing assistance programs.