For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 36112 (Montgomery, AL) is $1,200 a month. That is down 7.0% from $1,290 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, 36112 has the 7th-highest two-bedroom rent (county range $920–$1,730). The median county two-bedroom FMR in Alabama is $975, so ZIP 36112 is 23% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 36112
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,030
+4.0%
$927–$1,133
1BR
$1,080
$1,050
−2.8%
$945–$1,155
2BR
$1,290
$1,200
−7.0%
$1,080–$1,320
3BR
$1,620
$1,540
−4.9%
$1,386–$1,694
4BR
$2,060
$1,860
−9.7%
$1,674–$2,046
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 36112
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,030
$1,050
$1,200
$1,540
$1,860
FY 2026
$990
$1,080
$1,290
$1,620
$2,060
FY 2025
$1,090
$1,190
$1,430
$1,800
$2,280
FY 2024
$1,210
$1,320
$1,580
$2,000
$2,530
FY 2023
$830
$1,000
$1,190
$1,510
$1,950
Two-bedroom rent in nearby Montgomery County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 36112?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,200, that basic range is $1,080 to $1,320 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 36112 in?
ZIP 36112 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 36112 for FY 2027?
The two-bedroom FMR fell 7.0%, from $1,290 in FY 2026 to $1,200 in FY 2027. Since FY 2023 it has risen 0.8%.
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