Kentucky · FIPS 21003 · HUD FY 2027
Allen County, Kentucky Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Allen County is $1,019 a month (rent plus utilities), 12% below the Kentucky average of $1,155 and 42% below the U.S. average of $1,761. That is up $23 (2.3%) from FY 2026. At 30% of income, a household needs about $40,760 a year to afford it.
- $1,0192-bedroom FMR+$23 (+2.3%) vs FY 2026
- $7791-bedroom FMRKentucky: $946 · U.S.: $1,478
- $40,760Income for a 2-bedroom$20/hour full-time
- 42 of 1202BR rank in Kentucky1 = highest rent
| Unit | Allen County FY 2027 | FY 2026 | Change | Kentucky avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $774 | $759 | +$15 (+2.0%) | $854 | $1,379 | $30,960 |
| 1 bedroom | $779 | $759 | +$20 (+2.6%) | $946 | $1,478 | $31,160 |
| 2 bedrooms | $1,019 | $996 | +$23 (+2.3%) | $1,155 | $1,761 | $40,760 |
| 3 bedrooms | $1,293 | $1,224 | +$69 (+5.6%) | $1,500 | $2,266 | $51,720 |
| 4 bedrooms | $1,624 | $1,520 | +$104 (+6.8%) | $1,708 | $2,607 | $64,960 |
How Allen County compares
- HUD sets this rent for the Allen County, KY metro FMR area, which covers 21,293 residents in 1 county.
- Across Kentucky, 2-bedroom FMRs run from $909 (Wolfe County) to $1,442 (Boone County).
- Studio to 4-bedroom: $774, $779, $1,019, $1,293, $1,624. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 3 ZIP codes mostly in Allen County (by land area), the 2-bedroom figure ranges from $1,030 to $1,100.
Small Area FMRs by ZIP code in Allen County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 42120 | $890 | $930 | $1,100 | $1,420 | $1,700 | +$30 (+2.8%) | 8% above |
| 42153 | $780 | $790 | $1,030 | $1,310 | $1,640 | +$30 (+3.0%) | 1% above |
| 42164 | $780 | $790 | $1,030 | $1,310 | $1,640 | +$30 (+3.0%) | 1% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.