Metro FMR area · KY · HUD FY 2027

Lexington-Fayette, KY Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Lexington-Fayette, KY area is $1,416 a month, 23% above the Kentucky average and 20% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 57 ZIP codes range from $1,150 to $1,980.

$1,4162-bedroom FMR+$144 (+11.3%) vs FY 2026
$1,2051-bedroom FMRU.S.: $1,478
$56,640Income for a 2-bedroomat 30% of income
522,560Residents6 counties

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,416/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Lexington-Fayette, KY FMR	$1,416	$56,640	–
Kentucky average	$1,155	$46,214	–
U.S. average	$1,761	$70,432	–

Lexington-Fayette, KY Fair Market Rents, FY 2027 vs FY 2026
Unit	Lexington-Fayette, KY FY 2027	FY 2026	Change	Kentucky avg	U.S. avg	Income needed
Studio	$986	$883	+$103 (+11.7%)	$854	$1,379	$39,440
1 bedroom	$1,205	$1,079	+$126 (+11.7%)	$946	$1,478	$48,200
2 bedrooms	$1,416	$1,272	+$144 (+11.3%)	$1,155	$1,761	$56,640
3 bedrooms	$1,948	$1,743	+$205 (+11.8%)	$1,500	$2,266	$77,920
4 bedrooms	$2,108	$1,940	+$168 (+8.7%)	$1,708	$2,607	$84,320

Counties in this FMR area

Counties in the Lexington-Fayette, KY FMR area
County	Residents in area
Bourbon County, KY	20,240
Clark County, KY	37,192
Fayette County, KY	323,725
Jessamine County, KY	54,588
Scott County, KY	59,536
Woodford County, KY	27,279

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,450.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Lexington-Fayette, KY
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
40311	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
40312	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
40324	$1,020	$1,250	$1,470	$2,020	$2,190	+$160 (+12.2%)	4% above
40339	$950	$1,160	$1,360	$1,870	$2,020	+$180 (+15.3%)	4% below
40340	$930	$1,130	$1,330	$1,830	$1,980	+$170 (+14.7%)	6% below
40347	$900	$1,080	$1,290	$1,750	$1,930	+$140 (+12.2%)	9% below
40348	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
40353	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
40356	$950	$1,160	$1,360	$1,870	$2,020	+$180 (+15.3%)	4% below
40357	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
40361	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
40370	$1,050	$1,260	$1,500	$2,070	$2,240	+$120 (+8.7%)	6% above
40374	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
40379	$890	$1,090	$1,280	$1,760	$1,910	+$90 (+7.6%)	10% below
40383	$950	$1,160	$1,360	$1,870	$2,020	+$190 (+16.2%)	4% below
40390	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
40391	$820	$1,000	$1,180	$1,620	$1,760	+$110 (+10.3%)	17% below
40392	$820	$1,000	$1,180	$1,620	$1,760	+$110 (+10.3%)	17% below
40502	$950	$1,170	$1,370	$1,890	$2,040	+$110 (+8.7%)	3% below
40503	$1,010	$1,230	$1,450	$2,000	$2,160	−$10 (−0.7%)	2% above
40504	$830	$1,010	$1,190	$1,640	$1,770	−$20 (−1.7%)	16% below
40505	$840	$1,020	$1,200	$1,650	$1,790	+$90 (+8.1%)	15% below
40506	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40507	$860	$1,050	$1,230	$1,690	$1,830	+$80 (+7.0%)	13% below
40508	$970	$1,180	$1,390	$1,910	$2,070	+$140 (+11.2%)	2% below
40509	$1,230	$1,500	$1,760	$2,420	$2,620	+$150 (+9.3%)	24% above
40510	$1,100	$1,340	$1,580	$2,170	$2,350	+$150 (+10.5%)	12% above
40511	$1,090	$1,330	$1,560	$2,150	$2,320	+$170 (+12.2%)	10% above
40512	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40513	$1,250	$1,530	$1,800	$2,480	$2,680	+$150 (+9.1%)	27% above
40514	$1,380	$1,690	$1,980	$2,720	$2,950	+$210 (+11.9%)	40% above
40515	$1,180	$1,440	$1,690	$2,330	$2,520	+$150 (+9.7%)	19% above
40516	$970	$1,180	$1,390	$1,910	$2,070	+$90 (+6.9%)	2% below
40517	$1,040	$1,270	$1,490	$2,050	$2,220	+$100 (+7.2%)	5% above
40522	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40523	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40524	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40526	$970	$1,180	$1,390	$1,910	$2,070	+$140 (+11.2%)	2% below
40533	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40536	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40544	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40555	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40574	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40575	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40576	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40577	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40578	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40579	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40580	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40581	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40582	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40583	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40588	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40591	$1,010	$1,230	$1,450	$2,000	$2,160	+$140 (+10.7%)	2% above
40601	$820	$940	$1,180	$1,510	$1,870	+$90 (+8.3%)	17% below
41010	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below
41031	$800	$980	$1,150	$1,570	$1,750	+$100 (+9.5%)	19% below

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).

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.