FMR is near market; voucher and private rents are aligned.
0.95
1 BR
1 BR- 02915
0.82ratio
FMR$1,760
Market$2,150
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 02915
0.82ratio
FMR$2,190
Market$2,680
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 02915
0.87ratio
FMR$2,680
Market$3,090
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 02915
0.93ratio
FMR$3,050
Market$3,270
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Riverside, RI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Riverside, RI is $2,190 a month. That is up 11.7% from $1,960 in FY 2026. Riverside 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 Riverside is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Riverside, RI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,490
$1,660
+11.4%
$1,494–$1,826
1BR
$1,590
$1,760
+10.7%
$1,584–$1,936
2BR
$1,960
$2,190
+11.7%
$1,971–$2,409
3BR
$2,370
$2,680
+13.1%
$2,412–$2,948
4BR
$2,810
$3,050
+8.5%
$2,745–$3,355
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Riverside, RI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,660
$1,760
$2,190
$2,680
$3,050
FY 2026
$1,490
$1,590
$1,960
$2,370
$2,810
FY 2025
$1,340
$1,430
$1,750
$2,110
$2,560
FY 2024
$1,370
$1,490
$1,800
$2,180
$2,700
FY 2023
$1,110
$1,220
$1,470
$1,790
$2,210
Questions about Riverside, RI rents
How much will Section 8 pay for a two-bedroom in Riverside, 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 $2,190 it would be $1,971 to $2,409. 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 Riverside, RI in?
Riverside, 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 Riverside, RI for FY 2027?
The two-bedroom FMR rose 11.7%, from $1,960 in FY 2026 to $2,190 in FY 2027. Since FY 2023 it has risen 49.0%.
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