FMR is below market; voucher rent may lag private rents.
0.59
1 BR
1 BR- 02816
0.64ratio
FMR$1,460
Market$2,280
vs market-$820
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR- 02816
0.83ratio
FMR$1,820
Market$2,200
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 02816
0.71ratio
FMR$2,230
Market$3,150
vs market-$920
FMR is below market; voucher rent may lag private rents.
0.71
4 BR
4 BR- 02816
0.87ratio
FMR$2,530
Market$2,910
vs market-$380
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
--
Coventry, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Coventry, RI is $1,820 a month. That is up 7.1% from $1,700 in FY 2026. Coventry is in the Providence-Fall River, RI-MA 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 $1,879. The median county two-bedroom FMR in Rhode Island is $1,879, so Coventry is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Coventry, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,300
$1,380
+6.2%
$1,242–$1,518
1BR
$1,380
$1,460
+5.8%
$1,314–$1,606
2BR
$1,700
$1,820
+7.1%
$1,638–$2,002
3BR
$2,050
$2,230
+8.8%
$2,007–$2,453
4BR
$2,440
$2,530
+3.7%
$2,277–$2,783
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Coventry, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,380
$1,460
$1,820
$2,230
$2,530
FY 2026
$1,300
$1,380
$1,700
$2,050
$2,440
FY 2025
$1,270
$1,360
$1,660
$2,000
$2,430
FY 2024
$1,330
$1,450
$1,750
$2,120
$2,620
FY 2023
$1,100
$1,210
$1,450
$1,760
$2,180
Questions about Coventry, RI rents
How much will Section 8 pay for a two-bedroom in Coventry, RI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,879, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,691 to $2,067 a month; under the ZIP-level Small Area FMR of $1,820 it would be $1,638 to $2,002. 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 Coventry, RI in?
Coventry, RI is in the Providence-Fall River, RI-MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,879.
How much did fair market rent change in Coventry, RI for FY 2027?
The two-bedroom FMR rose 7.1%, from $1,700 in FY 2026 to $1,820 in FY 2027. Since FY 2023 it has risen 25.5%.
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