Fair Market Rents by apartment size
| Size | FY2026 FMR | Income needed (30% rule) | Hourly, full time |
|---|---|---|---|
| Studio | $1,145/mo | $45,800/yr | $22.02 |
| 1 bedroom | $1,229/mo | $49,160/yr | $23.63 |
| 2 bedrooms | $1,465/mo | $58,600/yr | $28.17 |
| 3 bedrooms | $1,805/mo | $72,200/yr | $34.71 |
| 4 bedrooms | $2,111/mo | $84,440/yr | $40.60 |
Fair Market Rents are HUD's estimate of the 40th percentile of gross rent (rent plus essential utilities) for standard-quality units in Myrtle Beach-North Myrtle Beach-Conway, SC 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 $28.17 an hour. At the state minimum wage of $7.25, that is about 155 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 Myrtle Beach-North Myrtle Beach-Conway, SC?
HUD's FY2026 Fair Market Rents for Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area are $1,145 for studio, $1,229 for 1 bedroom, $1,465 for 2 bedrooms, $1,805 for 3 bedrooms, $2,111 for 4 bedrooms.
How much do I need to earn to rent a 2-bedroom in Myrtle Beach-North Myrtle Beach-Conway, SC?
At the Fair Market Rent of $1,465, keeping rent within 30% of gross income (the federal cost-burden line) takes about $58,600 a year, or $4,883 a month.
Source: HUD Fair Market Rents, FY2026 schedule (effective October 1, 2025), area code METRO34820M34820. HUD has since published FY2027 FMRs; check HUD for the newest figures. Our data.