FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR- 02872
0.71ratio
FMR$1,870
Market$2,630
vs market-$760
FMR is below market; voucher rent may lag private rents.
0.71
2 BR
2 BR- 02872
0.90ratio
FMR$2,450
Market$2,710
vs market-$260
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR- 02872
0.99ratio
FMR$3,250
Market$3,290
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 02872
0.96ratio
FMR$3,890
Market$4,060
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.96
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
--
Prudence Island, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Prudence Island, RI is $2,450 a month. That is up 8.9% from $2,250 in FY 2026. Prudence Island 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 Prudence Island is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Prudence Island, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,700
$1,860
+9.4%
$1,674–$2,046
1BR
$1,710
$1,870
+9.4%
$1,683–$2,057
2BR
$2,250
$2,450
+8.9%
$2,205–$2,695
3BR
$3,040
$3,250
+6.9%
$2,925–$3,575
4BR
$3,500
$3,890
+11.1%
$3,501–$4,279
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Prudence Island, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,860
$1,870
$2,450
$3,250
$3,890
FY 2026
$1,700
$1,710
$2,250
$3,040
$3,500
FY 2025
$1,620
$1,630
$2,140
$2,860
$3,240
FY 2024
$1,670
$1,680
$2,210
$2,920
$3,500
FY 2023
$1,450
$1,480
$1,920
$2,570
$3,180
Questions about Prudence Island, RI rents
How much will Section 8 pay for a two-bedroom in Prudence Island, 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 $2,450 it would be $2,205 to $2,695. 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 Prudence Island, RI in?
Prudence Island, 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 Prudence Island, RI for FY 2027?
The two-bedroom FMR rose 8.9%, from $2,250 in FY 2026 to $2,450 in FY 2027. Since FY 2023 it has risen 27.6%.
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