Lexington city
FY 2026 HUD Fair Market Rents in Virginia. Population: 7,346.
Fair Market Rents (2026)
Studio
National avg: $893
$870/mo
↑ 12.0% YoY
-3% vs US
1 Bedroom
National avg: $959
$917/mo
↑ 12.9% YoY
-4% vs US
2 Bedroom
National avg: $1,175
$1,005/mo
↑ 11.8% YoY
-14% vs US
3 Bedroom
National avg: $1,525
$1,398/mo
↑ 11.0% YoY
-8% vs US
4 Bedroom
National avg: $1,756
$1,686/mo
↑ 11.7% YoY
-4% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $777 | $870 | +$93 (+12.0%) |
| 1 Bedroom | $812 | $917 | +$105 (+12.9%) |
| 2 Bedroom | $899 | $1,005 | +$106 (+11.8%) |
| 3 Bedroom | $1,260 | $1,398 | +$138 (+11.0%) |
| 4 Bedroom | $1,510 | $1,686 | +$176 (+11.7%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$36,680
$3,057/month gross
Required annual income for 2 BR
$40,200
$3,350/month gross
Other Counties in Virginia
Buckingham County
1 BR: $875/mo
Greene County
1 BR: $1,602/mo
Buchanan County
1 BR: $834/mo
Alexandria city
1 BR: $2,015/mo
Scott County
1 BR: $818/mo
Charlottesville city
1 BR: $1,602/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.