HUD publishes Fair Market Rent for 146 ZIP codes across 11 HUD FMR areas in PR. Two-bedroom FMR ranges from $520 to $1,060.
| Bedrooms | Average FY2027 FMR |
|---|---|
| Studio | $570 |
| 1 bedroom | $582 |
| 2 bedroom | $679 |
| 3 bedroom | $889 |
| 4 bedroom | $1,054 |
Across the 146 PR ZIP codes present in both years, the average two-bedroom Fair Market Rent increased from $641 to $679, a change of +$38 (+5.9%). Payment standards follow FMR, so an increase generally raises the ceiling a voucher can cover in PR.
PR is divided into 11 HUD FMR areas. Each sets its own rent standard, so the ceiling a voucher can cover changes depending on which area a unit sits in.
| FMR Area | ZIP Codes | Avg 2BR | 2BR Range |
|---|---|---|---|
| San Juan-Guaynabo | 89 | $730 | $600 - $1,060 |
| Fajardo | 3 | $670 | $640 - $730 |
| Aguadilla | 8 | $635 | $560 - $700 |
| Mayagüez | 3 | $623 | $600 - $640 |
| Caguas | 7 | $614 | $520 - $760 |
| Ponce | 9 | $593 | $520 - $700 |
| Arecibo | 9 | $583 | $540 - $690 |
| Barranquitas-Aibonito | 6 | $582 | $540 - $600 |
| San Germán | 7 | $581 | $550 - $630 |
| Yauco | 3 | $547 | $520 - $560 |
| Guayama | 2 | $520 | $520 - $520 |
| ZIP | FMR Area | 2BR FMR |
|---|---|---|
| 00968 | San Juan-Guaynabo | $1,060 |
| 00966 | San Juan-Guaynabo | $1,060 |
| 00969 | San Juan-Guaynabo | $1,060 |
| 00907 | San Juan-Guaynabo | $1,020 |
| 00970 | San Juan-Guaynabo | $1,000 |
| 00922 | San Juan-Guaynabo | $1,000 |
| 00979 | San Juan-Guaynabo | $980 |
| 00918 | San Juan-Guaynabo | $970 |
| 00934 | San Juan-Guaynabo | $930 |
| 00901 | San Juan-Guaynabo | $880 |
| 00906 | San Juan-Guaynabo | $880 |
| 00961 | San Juan-Guaynabo | $860 |
| 00987 | San Juan-Guaynabo | $820 |
| 00926 | San Juan-Guaynabo | $810 |
| 00978 | San Juan-Guaynabo | $790 |
| 00959 | San Juan-Guaynabo | $780 |
| 00920 | San Juan-Guaynabo | $780 |
| 00982 | San Juan-Guaynabo | $770 |
| 00957 | San Juan-Guaynabo | $770 |
| 00727 | Caguas | $760 |
| 00937 | San Juan-Guaynabo | $760 |
| 00960 | San Juan-Guaynabo | $760 |
| 00953 | San Juan-Guaynabo | $760 |
| 00911 | San Juan-Guaynabo | $760 |
| 00981 | San Juan-Guaynabo | $760 |
| ZIP | FMR Area | 2BR FMR |
|---|---|---|
| 00785 | Guayama | $520 |
| 00656 | Yauco | $520 |
| 00714 | Guayama | $520 |
| 00784 | Caguas | $520 |
| 00717 | Ponce | $520 |
| 00614 | Arecibo | $540 |
| 00795 | Ponce | $540 |
| 00754 | Caguas | $540 |
| 00766 | Barranquitas-Aibonito | $540 |
| 00613 | Arecibo | $540 |
| 00637 | San Germán | $550 |
| 00786 | Barranquitas-Aibonito | $550 |
| 00627 | Arecibo | $560 |
| 00683 | San Germán | $560 |
| 00624 | Yauco | $560 |
| 00688 | Arecibo | $560 |
| 00698 | Yauco | $560 |
| 00602 | Aguadilla | $560 |
| 00736 | Caguas | $570 |
| 00676 | Aguadilla | $570 |
| 00667 | San Germán | $570 |
| 00680 | San Germán | $580 |
| 00636 | San Germán | $580 |
| 00715 | Ponce | $580 |
| 00678 | Arecibo | $580 |
Fair Market Rent is not what a family pays and not what the voucher pays. The housing authority sets a payment standard from it, normally 90% to 110% of FMR. How voucher amounts are calculated.
Source: US Department of Housing and Urban Development, FY2027 Fair Market Rents.
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