Fair Market Rents by apartment size
| Size | FY2026 FMR | Income needed (30% rule) | Hourly, full time |
|---|---|---|---|
| Studio | $811/mo | $32,440/yr | $15.60 |
| 1 bedroom | $817/mo | $32,680/yr | $15.71 |
| 2 bedrooms | $1,051/mo | $42,040/yr | $20.21 |
| 3 bedrooms | $1,346/mo | $53,840/yr | $25.88 |
| 4 bedrooms | $1,764/mo | $70,560/yr | $33.92 |
Fair Market Rents are HUD's estimate of the 40th percentile of gross rent (rent plus essential utilities) for standard-quality units in Southampton County-Franklin city, VA HUD Nonmetro 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.
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 Southampton County-Franklin city, VA?
HUD's FY2026 Fair Market Rents for Southampton County-Franklin city, VA HUD Nonmetro FMR Area are $811 for studio, $817 for 1 bedroom, $1,051 for 2 bedrooms, $1,346 for 3 bedrooms, $1,764 for 4 bedrooms.
How much do I need to earn to rent a 2-bedroom in Southampton County-Franklin city, VA?
At the Fair Market Rent of $1,051, keeping rent within 30% of gross income (the federal cost-burden line) takes about $42,040 a year, or $3,503 a month.
Source: HUD Fair Market Rents, FY2026 schedule (effective October 1, 2025), area code NCNTY51175N51175. HUD has since published FY2027 FMRs; check HUD for the newest figures. Our data.