Fair Market Rents by apartment size
| Size | FY2026 FMR | Income needed (30% rule) | Hourly, full time |
|---|---|---|---|
| Studio | $1,828/mo | $73,120/yr | $35.15 |
| 1 bedroom | $1,995/mo | $79,800/yr | $38.37 |
| 2 bedrooms | $2,436/mo | $97,440/yr | $46.85 |
| 3 bedrooms | $3,127/mo | $125,080/yr | $60.13 |
| 4 bedrooms | $3,613/mo | $144,520/yr | $69.48 |
Fair Market Rents are HUD's estimate of the 40th percentile of gross rent (rent plus essential utilities) for standard-quality units in Miami-Miami Beach-Kendall, FL HUD Metro FMR Area. About 40% of comparable rentals cost less and 60% cost more, so treat these as a benchmark rather than a listing price. Income needed assumes rent and utilities take no more than 30% of gross income, the federal cost-burden line; the hourly figure assumes 2,080 working hours a year.
Rent vs wages
To afford the 2-bedroom Fair Market Rent here with 30% of a full-time income, you would need to earn about $46.85 an hour. At the state minimum wage of $14.00, that is about 134 hours of work a week. See how every metro compares.
What this means for renters
If you have a Housing Choice Voucher, your local housing authority sets its payment standards based on these FMRs; ask your agency for its exact figures. If you are budgeting a move, compare these numbers with real listings: newer or better-located units usually rent above the FMR.
Areas with similar rents nearby
Frequently asked questions
What is the fair market rent in Miami-Miami Beach-Kendall, FL?
HUD's FY2026 Fair Market Rents for Miami-Miami Beach-Kendall, FL HUD Metro FMR Area are $1,828 for studio, $1,995 for 1 bedroom, $2,436 for 2 bedrooms, $3,127 for 3 bedrooms, $3,613 for 4 bedrooms.
How much do I need to earn to rent a 2-bedroom in Miami-Miami Beach-Kendall, FL?
At the Fair Market Rent of $2,436, keeping rent within 30% of gross income (the federal cost-burden line) takes about $97,440 a year, or $8,120 a month.
Source: HUD Fair Market Rents, FY2026 schedule (effective October 1, 2025), area code METRO33100MM5000. HUD has since published FY2027 FMRs; check HUD for the newest figures. Our data.