FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR- 13045
1.38ratio
FMR$1,320
Market$960
vs market+$360
FMR is above market; underwrite to market rent.
1.38
2 BR
2 BR- 13045
1.23ratio
FMR$1,580
Market$1,280
vs market+$300
FMR is above market; underwrite to market rent.
1.23
3 BR
3 BR- 13045
0.97ratio
FMR$1,900
Market$1,950
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 13045
0.96ratio
FMR$2,370
Market$2,480
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.96
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
--
Cortland, NY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cortland, NY is $1,580 a month. That is up 2.6% from $1,540 in FY 2026. Cortland is in the Cortland County, NY non-metropolitan 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 county-wide two-bedroom FMR of $1,171. The median county two-bedroom FMR in New York is $1,385, so Cortland is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cortland, NY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,190
$1,140
−4.2%
$1,026–$1,254
1BR
$1,350
$1,320
−2.2%
$1,188–$1,452
2BR
$1,540
$1,580
+2.6%
$1,422–$1,738
3BR
$1,850
$1,900
+2.7%
$1,710–$2,090
4BR
$2,120
$2,370
+11.8%
$2,133–$2,607
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cortland, NY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,140
$1,320
$1,580
$1,900
$2,370
FY 2026
$1,190
$1,350
$1,540
$1,850
$2,120
FY 2025
$1,180
$1,300
$1,500
$1,860
$2,010
FY 2024
$1,070
$1,150
$1,340
$1,710
$1,800
FY 2023
$950
$1,020
$1,230
$1,570
$1,670
Questions about Cortland, NY rents
How much will Section 8 pay for a two-bedroom in Cortland, NY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,171, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,054 to $1,288 a month; under the ZIP-level Small Area FMR of $1,580 it would be $1,422 to $1,738. 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 Cortland, NY in?
Cortland, NY is in the Cortland County, NY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,171.
How much did fair market rent change in Cortland, NY for FY 2027?
The two-bedroom FMR rose 2.6%, from $1,540 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 28.5%.
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