For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Canal Point, FL is $1,670 a month. That is up 4.4% from $1,600 in FY 2026. Canal Point is in the West Palm Beach-Boca Raton, FL 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 Florida is $1,474, so Canal Point is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Canal Point, FL
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,270
$1,360
+7.1%
$1,224–$1,496
1BR
$1,350
$1,430
+5.9%
$1,287–$1,573
2BR
$1,600
$1,670
+4.4%
$1,503–$1,837
3BR
$2,070
$2,170
+4.8%
$1,953–$2,387
4BR
$2,410
$2,500
+3.7%
$2,250–$2,750
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Canal Point, FL
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,360
$1,430
$1,670
$2,170
$2,500
FY 2026
$1,270
$1,350
$1,600
$2,070
$2,410
FY 2025
$890
$940
$1,140
$1,530
$1,700
FY 2024
$880
$910
$1,120
$1,520
$1,740
FY 2023
$770
$810
$1,010
$1,350
$1,570
Questions about Canal Point, FL rents
How much will Section 8 pay for a two-bedroom in Canal Point, FL?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,670, that basic range is $1,503 to $1,837 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 Canal Point, FL in?
Canal Point, FL is in the West Palm Beach-Boca Raton, FL 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 Canal Point, FL for FY 2027?
The two-bedroom FMR rose 4.4%, from $1,600 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 65.3%.
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