FMR is near market; voucher and private rents are aligned.
1.07
1 BR
1 BR- 53122
1.01ratio
FMR$1,560
Market$1,550
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 53122
0.94ratio
FMR$1,860
Market$1,970
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 53122
0.87ratio
FMR$2,290
Market$2,620
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 53122
0.80ratio
FMR$2,450
Market$3,080
vs market-$630
FMR is below market; voucher rent may lag private rents.
0.80
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
--
Elm Grove, WI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Elm Grove, WI is $1,860 a month. That is unchanged from FY 2026. Elm Grove is in the Milwaukee-Waukesha, WI MSA. 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 $1,263. The median county two-bedroom FMR in Wisconsin is $1,041, so Elm Grove is 79% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Elm Grove, WI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,430
$1,450
+1.4%
$1,305–$1,595
1BR
$1,560
$1,560
0.0%
$1,404–$1,716
2BR
$1,860
$1,860
0.0%
$1,674–$2,046
3BR
$2,290
$2,290
0.0%
$2,061–$2,519
4BR
$2,480
$2,450
−1.2%
$2,205–$2,695
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Elm Grove, WI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,450
$1,560
$1,860
$2,290
$2,450
FY 2026
$1,430
$1,560
$1,860
$2,290
$2,480
FY 2025
$1,210
$1,360
$1,620
$2,010
$2,190
FY 2024
$1,030
$1,190
$1,420
$1,770
$1,930
FY 2023
$880
$1,050
$1,260
$1,590
$1,730
Questions about Elm Grove, WI rents
How much will Section 8 pay for a two-bedroom in Elm Grove, WI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,263, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,137 to $1,389 a month; under the ZIP-level Small Area FMR of $1,860 it would be $1,674 to $2,046. 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 Elm Grove, WI in?
Elm Grove, WI is in the Milwaukee-Waukesha, WI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,263.
How much did fair market rent change in Elm Grove, WI for FY 2027?
The two-bedroom FMR was unchanged at $1,860 in FY 2027. Since FY 2023 it has risen 47.6%.
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