Logo Monroe County Fair Market Rent FY 2022 Monroe County, KY Rental Data

Fair Market Rent Prices in Monroe County, KY :
$482 $512 $674 $882 $914
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 50th Percentile Non-Metro

Fair Market Rent prices in Monroe County are very low compared to the national average. This FMR area is less expensive than 99% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Monroe County is $674 per month.

The previous year, rent for a two-bedroom home was $663 per month. This is a 1.66% increase year-over-year.

This FMR rate applies to Hestand, KY, Gamaliel, KY and other cities within the region. The Metro Code or CBSA code for this region is NCNTY21171N21171.

Additionally, This Fair Market Rent (FMR) area Monroe County, KY spans one county or city in Kentucky which is listed in the table below. Estimated population of Monroe County, KY FMR area is 0 people based on 2000 Census data.

Compared to the rest of Kentucky, the Monroe County FMR area is less expensive than 86% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Monroe County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Monroe County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 482
1-BR 1-Bedroom $ 512
2-BR 2-Bedroom $ 674
3-BR 3-Bedroom $ 882
4-BR 4-Bedroom $ 914
Change Year:

There is just one county (listed below) within the Monroe County, KY FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Nashville.

County / Region Est. Population
, KY 0
Zip Codes in Monroe County, KY

There are 2 unique zip codes in this Fair Market Rent (FMR) area:

42140 and 42151

Lookup Fair Market Rent by Zip Code