FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR- 07645
0.90ratio
FMR$2,360
Market$2,630
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.90
2 BR
2 BR- 07645
0.83ratio
FMR$2,710
Market$3,250
vs market-$540
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 07645
0.82ratio
FMR$3,290
Market$4,000
vs market-$710
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR- 07645
0.83ratio
FMR$4,150
Market$5,000
vs market-$850
FMR is below market; voucher rent may lag private rents.
0.83
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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Montvale, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Montvale, NJ is $2,710 a month. That is down 4.6% from $2,840 in FY 2026. Montvale 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 Montvale is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Montvale, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,170
$2,100
−3.2%
$1,890–$2,310
1BR
$2,470
$2,360
−4.5%
$2,124–$2,596
2BR
$2,840
$2,710
−4.6%
$2,439–$2,981
3BR
$3,460
$3,290
−4.9%
$2,961–$3,619
4BR
$4,420
$4,150
−6.1%
$3,735–$4,565
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Montvale, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,100
$2,360
$2,710
$3,290
$4,150
FY 2026
$2,170
$2,470
$2,840
$3,460
$4,420
FY 2025
$1,880
$2,180
$2,500
$3,080
$3,890
FY 2024
$1,720
$2,020
$2,320
$2,870
$3,610
FY 2023
$1,630
$1,950
$2,260
$2,810
$3,530
Questions about Montvale, NJ rents
How much will Section 8 pay for a two-bedroom in Montvale, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,710, that basic range is $2,439 to $2,981 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 Montvale, NJ in?
Montvale, 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 Montvale, NJ for FY 2027?
The two-bedroom FMR fell 4.6%, from $2,840 in FY 2026 to $2,710 in FY 2027. Since FY 2023 it has risen 19.9%.
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