FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 83714
0.84ratio
FMR$1,300
Market$1,550
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 83714
0.78ratio
FMR$1,550
Market$1,980
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 83714
0.96ratio
FMR$2,150
Market$2,240
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 83714
0.87ratio
FMR$2,590
Market$2,970
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
--
Garden City, ID fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Garden City, ID is $1,550 a month. That is down 7.7% from $1,680 in FY 2026. Garden City is in the Boise City, ID 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 $1,540. The median county two-bedroom FMR in Idaho is $1,127, so Garden City is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Garden City, ID
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,160
−3.3%
$1,044–$1,276
1BR
$1,400
$1,300
−7.1%
$1,170–$1,430
2BR
$1,680
$1,550
−7.7%
$1,395–$1,705
3BR
$2,350
$2,150
−8.5%
$1,935–$2,365
4BR
$2,810
$2,590
−7.8%
$2,331–$2,849
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Garden City, ID
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,160
$1,300
$1,550
$2,150
$2,590
FY 2026
$1,200
$1,400
$1,680
$2,350
$2,810
FY 2025
$1,320
$1,550
$1,860
$2,610
$3,120
FY 2024
$1,010
$1,160
$1,410
$1,990
$2,330
FY 2023
$930
$1,060
$1,310
$1,840
$2,160
Questions about Garden City, ID rents
How much will Section 8 pay for a two-bedroom in Garden City, ID?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,540, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,386 to $1,694 a month; under the ZIP-level Small Area FMR of $1,550 it would be $1,395 to $1,705. 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 Garden City, ID in?
Garden City, ID is in the Boise City, ID HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,540.
How much did fair market rent change in Garden City, ID for FY 2027?
The two-bedroom FMR fell 7.7%, from $1,680 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 18.3%.
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