FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 08701
0.83ratio
FMR$1,660
Market$2,000
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR- 08701
0.77ratio
FMR$2,050
Market$2,660
vs market-$610
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR- 08701
0.80ratio
FMR$2,630
Market$3,280
vs market-$650
FMR is below market; voucher rent may lag private rents.
0.80
4 BR
4 BR- 08701
0.77ratio
FMR$2,910
Market$3,800
vs market-$890
FMR is below market; voucher rent may lag private rents.
0.77
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
--
Lakewood, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lakewood, NJ is $2,050 a month. That is up 1.0% from $2,030 in FY 2026. Lakewood is in the Monmouth-Ocean, 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 Lakewood is 8% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lakewood, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,460
$1,500
+2.7%
$1,350–$1,650
1BR
$1,650
$1,660
+0.6%
$1,494–$1,826
2BR
$2,030
$2,050
+1.0%
$1,845–$2,255
3BR
$2,650
$2,630
−0.8%
$2,367–$2,893
4BR
$2,940
$2,910
−1.0%
$2,619–$3,201
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lakewood, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,500
$1,660
$2,050
$2,630
$2,910
FY 2026
$1,460
$1,650
$2,030
$2,650
$2,940
FY 2025
$1,230
$1,380
$1,700
$2,260
$2,520
FY 2024
$1,160
$1,300
$1,610
$2,190
$2,440
FY 2023
$1,010
$1,130
$1,410
$1,930
$2,150
Questions about Lakewood, NJ rents
How much will Section 8 pay for a two-bedroom in Lakewood, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,050, that basic range is $1,845 to $2,255 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 Lakewood, NJ in?
Lakewood, NJ is in the Monmouth-Ocean, 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 Lakewood, NJ for FY 2027?
The two-bedroom FMR rose 1.0%, from $2,030 in FY 2026 to $2,050 in FY 2027. Since FY 2023 it has risen 45.4%.
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