For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 02876 (Slatersville, RI) is $2,720 a month. That is up 5.0% from $2,590 in FY 2026. Slatersville 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. Among 47 ZIP codes in Providence County, 02876 has the highest two-bedroom rent (county range $1,560–$2,720). The median county two-bedroom FMR in Rhode Island is $1,879, so ZIP 02876 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 02876
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,970
$2,060
+4.6%
$1,854–$2,266
1BR
$2,100
$2,180
+3.8%
$1,962–$2,398
2BR
$2,590
$2,720
+5.0%
$2,448–$2,992
3BR
$3,130
$3,330
+6.4%
$2,997–$3,663
4BR
$3,720
$3,790
+1.9%
$3,411–$4,169
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 02876
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,060
$2,180
$2,720
$3,330
$3,790
FY 2026
$1,970
$2,100
$2,590
$3,130
$3,720
FY 2025
$1,850
$1,980
$2,420
$2,920
$3,540
FY 2024
$1,810
$1,970
$2,380
$2,880
$3,560
FY 2023
$1,440
$1,590
$1,910
$2,320
$2,870
Two-bedroom rent in nearby Providence County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 02876?
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 $2,720 it would be $2,448 to $2,992. 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 ZIP 02876 in?
ZIP 02876 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 ZIP 02876 for FY 2027?
The two-bedroom FMR rose 5.0%, from $2,590 in FY 2026 to $2,720 in FY 2027. Since FY 2023 it has risen 42.4%.
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