For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Roosevelt, NJ is $3,400 a month. That is down 0.9% from $3,430 in FY 2026. Roosevelt 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 Roosevelt is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Roosevelt, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,470
$2,490
+0.8%
$2,241–$2,739
1BR
$2,780
$2,750
−1.1%
$2,475–$3,025
2BR
$3,430
$3,400
−0.9%
$3,060–$3,740
3BR
$4,480
$4,360
−2.7%
$3,924–$4,796
4BR
$4,970
$4,830
−2.8%
$4,347–$5,313
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Roosevelt, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,490
$2,750
$3,400
$4,360
$4,830
FY 2026
$2,470
$2,780
$3,430
$4,480
$4,970
FY 2025
$2,150
$2,410
$2,970
$3,960
$4,400
FY 2024
$1,890
$2,110
$2,610
$3,550
$3,960
FY 2023
$1,490
$1,670
$2,090
$2,860
$3,180
Questions about Roosevelt, NJ rents
How much will Section 8 pay for a two-bedroom in Roosevelt, NJ?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,400, that basic range is $3,060 to $3,740 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 Roosevelt, NJ in?
Roosevelt, 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 Roosevelt, NJ for FY 2027?
The two-bedroom FMR fell 0.9%, from $3,430 in FY 2026 to $3,400 in FY 2027. Since FY 2023 it has risen 62.7%.
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