FMR is below market; voucher rent may lag private rents.
0.45
1 BR
1 BR- 07401
1.32ratio
FMR$2,900
Market$2,190
vs market+$710
FMR is above market; underwrite to market rent.
1.32
2 BR
2 BR- 07401
0.95ratio
FMR$3,330
Market$3,510
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 07401
1.07ratio
FMR$4,040
Market$3,790
vs market+$250
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 07401
0.87ratio
FMR$5,100
Market$5,880
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.87
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
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Allendale, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Allendale, NJ is $3,330 a month. That is down 4.6% from $3,490 in FY 2026. Allendale is in the Bergen-Passaic, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Allendale is 49% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Allendale, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,670
$2,590
−3.0%
$2,331–$2,849
1BR
$3,040
$2,900
−4.6%
$2,610–$3,190
2BR
$3,490
$3,330
−4.6%
$2,997–$3,663
3BR
$4,260
$4,040
−5.2%
$3,636–$4,444
4BR
$5,430
$5,100
−6.1%
$4,590–$5,610
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Allendale, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,590
$2,900
$3,330
$4,040
$5,100
FY 2026
$2,670
$3,040
$3,490
$4,260
$5,430
FY 2025
$2,330
$2,700
$3,100
$3,820
$4,820
FY 2024
$2,010
$2,360
$2,710
$3,360
$4,220
FY 2023
$1,740
$2,080
$2,410
$2,990
$3,760
Questions about Allendale, NJ rents
How much will Section 8 pay for a two-bedroom in Allendale, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,330, that basic range is $2,997 to $3,663 a month. 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 Allendale, NJ in?
Allendale, NJ is in the Bergen-Passaic, NJ HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Allendale, NJ for FY 2027?
The two-bedroom FMR fell 4.6%, from $3,490 in FY 2026 to $3,330 in FY 2027. Since FY 2023 it has risen 38.2%.
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