FMR is below market; voucher rent may lag private rents.
0.57
1 BR
1 BR- 07661
0.92ratio
FMR$2,060
Market$2,240
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 07661
0.61ratio
FMR$2,370
Market$3,860
vs market-$1,490
FMR is below market; voucher rent may lag private rents.
0.61
3 BR
3 BR- 07661
0.72ratio
FMR$2,880
Market$4,000
vs market-$1,120
FMR is below market; voucher rent may lag private rents.
0.72
4 BR
4 BR- 07661
0.72ratio
FMR$3,630
Market$5,040
vs market-$1,410
FMR is below market; voucher rent may lag private rents.
0.72
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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River Edge, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in River Edge, NJ is $2,370 a month. That is down 3.7% from $2,460 in FY 2026. River Edge 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 River Edge is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for River Edge, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,880
$1,840
−2.1%
$1,656–$2,024
1BR
$2,140
$2,060
−3.7%
$1,854–$2,266
2BR
$2,460
$2,370
−3.7%
$2,133–$2,607
3BR
$3,000
$2,880
−4.0%
$2,592–$3,168
4BR
$3,830
$3,630
−5.2%
$3,267–$3,993
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for River Edge, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,840
$2,060
$2,370
$2,880
$3,630
FY 2026
$1,880
$2,140
$2,460
$3,000
$3,830
FY 2025
$1,670
$1,940
$2,230
$2,740
$3,470
FY 2024
$1,550
$1,830
$2,100
$2,600
$3,270
FY 2023
$1,490
$1,780
$2,060
$2,560
$3,210
Questions about River Edge, NJ rents
How much will Section 8 pay for a two-bedroom in River Edge, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,370, that basic range is $2,133 to $2,607 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 River Edge, NJ in?
River Edge, 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 River Edge, NJ for FY 2027?
The two-bedroom FMR fell 3.7%, from $2,460 in FY 2026 to $2,370 in FY 2027. Since FY 2023 it has risen 15.0%.
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