FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR- 94706
0.92ratio
FMR$2,420
Market$2,620
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 94706
0.88ratio
FMR$2,960
Market$3,380
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 94706
0.85ratio
FMR$3,790
Market$4,450
vs market-$660
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 94706
0.81ratio
FMR$4,480
Market$5,530
vs market-$1,050
FMR is below market; voucher rent may lag private rents.
0.81
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Albany, CA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Albany, CA is $2,960 a month. That is down 3.0% from $3,050 in FY 2026. Albany is in the Oakland-Fremont, CA HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,805. The median county two-bedroom FMR in California is $1,725, so Albany is 72% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Albany, CA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,240
$2,200
−1.8%
$1,980–$2,420
1BR
$2,500
$2,420
−3.2%
$2,178–$2,662
2BR
$3,050
$2,960
−3.0%
$2,664–$3,256
3BR
$3,900
$3,790
−2.8%
$3,411–$4,169
4BR
$4,620
$4,480
−3.0%
$4,032–$4,928
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Albany, CA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,200
$2,420
$2,960
$3,790
$4,480
FY 2026
$2,240
$2,500
$3,050
$3,900
$4,620
FY 2025
$1,940
$2,200
$2,680
$3,430
$4,070
FY 2024
$1,850
$2,160
$2,630
$3,390
$4,010
FY 2023
$1,740
$2,060
$2,520
$3,290
$3,880
Questions about Albany, CA rents
How much will Section 8 pay for a two-bedroom in Albany, CA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,805, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,525 to $3,086 a month; under the ZIP-level Small Area FMR of $2,960 it would be $2,664 to $3,256. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Albany, CA in?
Albany, CA is in the Oakland-Fremont, CA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,805.
How much did fair market rent change in Albany, CA for FY 2027?
The two-bedroom FMR fell 3.0%, from $3,050 in FY 2026 to $2,960 in FY 2027. Since FY 2023 it has risen 17.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set