FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR- 07024
1.10ratio
FMR$2,930
Market$2,660
vs market+$270
FMR is above market; underwrite to market rent.
1.10
2 BR
2 BR- 07024
0.87ratio
FMR$3,360
Market$3,850
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 07024
0.92ratio
FMR$4,080
Market$4,430
vs market-$350
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 07024
1.09ratio
FMR$5,150
Market$4,740
vs market+$410
FMR is near market; voucher and private rents are aligned.
1.09
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
--
Fort Lee, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Fort Lee, NJ is $3,360 a month. That is up 1.5% from $3,310 in FY 2026. Fort Lee 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 Fort Lee is 50% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Fort Lee, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,530
$2,610
+3.2%
$2,349–$2,871
1BR
$2,880
$2,930
+1.7%
$2,637–$3,223
2BR
$3,310
$3,360
+1.5%
$3,024–$3,696
3BR
$4,040
$4,080
+1.0%
$3,672–$4,488
4BR
$5,150
$5,150
0.0%
$4,635–$5,665
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Fort Lee, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,610
$2,930
$3,360
$4,080
$5,150
FY 2026
$2,530
$2,880
$3,310
$4,040
$5,150
FY 2025
$2,120
$2,460
$2,820
$3,470
$4,390
FY 2024
$1,950
$2,300
$2,640
$3,270
$4,110
FY 2023
$1,850
$2,210
$2,560
$3,180
$3,990
Questions about Fort Lee, NJ rents
How much will Section 8 pay for a two-bedroom in Fort Lee, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,360, that basic range is $3,024 to $3,696 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 Fort Lee, NJ in?
Fort Lee, 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 Fort Lee, NJ for FY 2027?
The two-bedroom FMR rose 1.5%, from $3,310 in FY 2026 to $3,360 in FY 2027. Since FY 2023 it has risen 31.3%.
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