FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 85145
1.37ratio
FMR$2,200
Market$1,610
vs market+$590
FMR is above market; underwrite to market rent.
1.37
4 BR
4 BR- 85145
1.47ratio
FMR$2,440
Market$1,660
vs market+$780
FMR is above market; underwrite to market rent.
1.47
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
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Mortgage rate
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Red Rock, AZ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Red Rock, AZ is $1,650 a month. That is down 9.8% from $1,830 in FY 2026. Red Rock is in the Phoenix-Mesa-Chandler, AZ MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Arizona is $1,244, so Red Rock is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Red Rock, AZ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,450
$1,310
−9.7%
$1,179–$1,441
1BR
$1,580
$1,430
−9.5%
$1,287–$1,573
2BR
$1,830
$1,650
−9.8%
$1,485–$1,815
3BR
$2,440
$2,200
−9.8%
$1,980–$2,420
4BR
$2,710
$2,440
−10.0%
$2,196–$2,684
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Red Rock, AZ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,310
$1,430
$1,650
$2,200
$2,440
FY 2026
$1,450
$1,580
$1,830
$2,440
$2,710
FY 2025
$1,530
$1,680
$1,950
$2,620
$2,930
FY 2024
$1,460
$1,600
$1,880
$2,550
$2,890
FY 2023
$1,390
$1,520
$1,800
$2,470
$2,810
Questions about Red Rock, AZ rents
How much will Section 8 pay for a two-bedroom in Red Rock, AZ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,650, that basic range is $1,485 to $1,815 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 Rock, AZ in?
Red Rock, AZ is in the Phoenix-Mesa-Chandler, AZ MSA. 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 Rock, AZ for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,830 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has fallen 8.3%.
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