Fair Market Rents: Phelps County, NE (FY2026)
HUD's FY2026 Fair Market Rents for Phelps County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | NE median* |
|---|---|---|
| Studio (0-BR) | $666/mo | $666 (0%) |
| 1 Bedroom | $760/mo | $758 (0%) |
| 2 Bedrooms | $961/mo | $961 (0%) |
| 3 Bedrooms | $1,311/mo | $1,268 (+3%) |
| 4+ Bedrooms | $1,463/mo | $1,351 (+8%) |
*Median across all FMR-publishing counties in NE. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Phelps County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in Phelps County
We track 7 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Holdrege | 9 | 198 |