FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 02882
0.87ratio
FMR$2,000
Market$2,300
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 02882
1.02ratio
FMR$2,490
Market$2,440
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 02882
0.98ratio
FMR$3,050
Market$3,100
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 02882
0.87ratio
FMR$3,470
Market$3,980
vs market-$510
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
--
Narragansett, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Narragansett, RI is $2,490 a month. That is up 10.2% from $2,260 in FY 2026. Narragansett is in the Providence-Fall River, RI-MA 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 $1,879. The median county two-bedroom FMR in Rhode Island is $1,879, so Narragansett is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Narragansett, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,720
$1,890
+9.9%
$1,701–$2,079
1BR
$1,830
$2,000
+9.3%
$1,800–$2,200
2BR
$2,260
$2,490
+10.2%
$2,241–$2,739
3BR
$2,730
$3,050
+11.7%
$2,745–$3,355
4BR
$3,240
$3,470
+7.1%
$3,123–$3,817
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Narragansett, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,890
$2,000
$2,490
$3,050
$3,470
FY 2026
$1,720
$1,830
$2,260
$2,730
$3,240
FY 2025
$1,620
$1,730
$2,120
$2,550
$3,100
FY 2024
$1,680
$1,820
$2,210
$2,670
$3,310
FY 2023
$1,440
$1,590
$1,910
$2,320
$2,870
Questions about Narragansett, RI rents
How much will Section 8 pay for a two-bedroom in Narragansett, RI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,879, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,691 to $2,067 a month; under the ZIP-level Small Area FMR of $2,490 it would be $2,241 to $2,739. 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 Narragansett, RI in?
Narragansett, RI is in the Providence-Fall River, RI-MA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,879.
How much did fair market rent change in Narragansett, RI for FY 2027?
The two-bedroom FMR rose 10.2%, from $2,260 in FY 2026 to $2,490 in FY 2027. Since FY 2023 it has risen 30.4%.
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