FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 07701
0.78ratio
FMR$2,120
Market$2,730
vs market-$610
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 07701
0.68ratio
FMR$2,620
Market$3,840
vs market-$1,220
FMR is below market; voucher rent may lag private rents.
0.68
3 BR
3 BR- 07701
0.74ratio
FMR$3,360
Market$4,550
vs market-$1,190
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 07701
0.76ratio
FMR$3,720
Market$4,890
vs market-$1,170
FMR is below market; voucher rent may lag private rents.
0.76
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
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Red Bank, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Red Bank, NJ is $2,620 a month. That is down 1.5% from $2,660 in FY 2026. Red Bank 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 Red Bank is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Red Bank, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,920
$1,920
0.0%
$1,728–$2,112
1BR
$2,160
$2,120
−1.9%
$1,908–$2,332
2BR
$2,660
$2,620
−1.5%
$2,358–$2,882
3BR
$3,480
$3,360
−3.4%
$3,024–$3,696
4BR
$3,850
$3,720
−3.4%
$3,348–$4,092
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Red Bank, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,920
$2,120
$2,620
$3,360
$3,720
FY 2026
$1,920
$2,160
$2,660
$3,480
$3,850
FY 2025
$1,700
$1,910
$2,360
$3,140
$3,500
FY 2024
$1,580
$1,770
$2,190
$2,980
$3,320
FY 2023
$1,290
$1,440
$1,800
$2,460
$2,740
Questions about Red Bank, NJ rents
How much will Section 8 pay for a two-bedroom in Red Bank, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,620, that basic range is $2,358 to $2,882 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 Red Bank, NJ in?
Red Bank, 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 Red Bank, NJ for FY 2027?
The two-bedroom FMR fell 1.5%, from $2,660 in FY 2026 to $2,620 in FY 2027. Since FY 2023 it has risen 45.6%.
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