FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR
0.92ratio
FMR$810
Market$880
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.98ratio
FMR$930
Market$950
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR
0.96ratio
FMR$1,190
Market$1,240
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
0.80ratio
FMR$1,380
Market$1,720
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.80
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
--
ZIP 36101 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36101 (Montgomery, AL) is $930 a month. That is up 3.3% from $900 in FY 2026. Montgomery is in the Montgomery, AL MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 27 ZIP codes in Montgomery County, 36101 has the 25th-highest two-bedroom rent (county range $920–$1,730). The median county two-bedroom FMR in Alabama is $975, so ZIP 36101 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 36101
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$690
$800
+15.9%
$720–$880
1BR
$750
$810
+8.0%
$729–$891
2BR
$900
$930
+3.3%
$837–$1,023
3BR
$1,130
$1,190
+5.3%
$1,071–$1,309
4BR
$1,430
$1,380
−3.5%
$1,242–$1,518
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 36101
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$810
$930
$1,190
$1,380
FY 2026
$690
$750
$900
$1,130
$1,430
FY 2025
$760
$830
$990
$1,250
$1,580
FY 2024
$830
$900
$1,080
$1,370
$1,730
FY 2023
$700
$800
$960
$1,220
$1,570
Two-bedroom rent in nearby Montgomery County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 36101?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $930, that basic range is $837 to $1,023 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 ZIP 36101 in?
ZIP 36101 is in the Montgomery, AL 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 ZIP 36101 for FY 2027?
The two-bedroom FMR rose 3.3%, from $900 in FY 2026 to $930 in FY 2027. Since FY 2023 it has fallen 3.1%.
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