Rent prices in Puerto Rico (FY2027)
The average FY2027 Fair Market Rent for a 2-bedroom in Puerto Rico is $641 a month including utilities — 64% below the U.S. average, ranging from $517 to $706 by area. Find your metro below and check what you can afford.
Metro areas in Puerto Rico
2-bedroom FMR; arrow = change vs FY2026. Sorted by population in Puerto Rico. Tap a metro for studio to 4 bedrooms and the income you need.
Rural counties (non-metro)
Big number = 2-bedroom FMR. HUD sets a floor: no 2-bedroom FMR may be below the lower of the state’s or the national non-metro median ($1,014 for FY2027).
Rent affordability check
Compares the FY2027 Fair Market Rents averaged across Puerto Rico with 30% of your gross monthly income — HUD’s line for a “cost-burdened” renter. For the 28/36 rule and your debts, use the full rent affordability calculator.
Income needed at the Puerto Rico average
Gross yearly income so that rent plus utilities is 30% of income; hourly = yearly ÷ 2,080 hours.
What a Fair Market Rent is (and is not)
A Fair Market Rent (FMR) is set every year by the U.S. Department of Housing and Urban Development (HUD). It is HUD’s estimate of the 40th-percentile gross rent — rent plus utilities (except phone, cable and internet) — paid by recent movers into standard-quality, non-luxury rental homes in an area. In other words, about 40% of recently rented units in the area cost less than the FMR and about 60% cost more.
FMRs are not asking rents and not the price of any specific listing. They are built from Census Bureau American Community Survey rents and updated with inflation and trend factors, so they lag the newest listings and smooth out neighborhood differences. HUD uses them to set Housing Choice Voucher (Section 8) payment standards and other program rents. Treat them as a solid, official benchmark for a typical modest rental — new listings in popular neighborhoods often cost more.
Questions & answers
What is the average rent in Puerto Rico?
Using HUD’s FY2027 Fair Market Rents, the population-weighted average for a 2-bedroom in Puerto Rico is $641 a month including utilities — 64% below the U.S. average of $1,761. A 1-bedroom averages $549 and a studio $537.
Where is rent cheapest in Puerto Rico?
The lowest FY2027 2-bedroom FMR in Puerto Rico is $517 in Puerto Rico HUD Nonmetro Area; the highest is $706 in San Juan-Guaynabo, PR.
How much do I need to earn to rent in Puerto Rico?
At the 30% rule, a 2-bedroom at the state-average FMR of $641 needs $25,640 a year in gross income (about $12.33 an hour full-time). A 1-bedroom at $549 needs $21,960.
Did rent go up in Puerto Rico this year?
The population-weighted 2-bedroom FMR in Puerto Rico changed +7.1% from FY2026 to FY2027, compared with +1.5% for the U.S.
Is the Fair Market Rent what landlords charge?
Not exactly. It is HUD’s 40th-percentile estimate of rent plus utilities paid by recent movers into standard-quality units — a benchmark for a modest rental. Many listings, especially new or central ones, ask more.
Source: HUD User, FY2027 Fair Market Rents (effective October 1, 2026; Federal Register notice), compared with FY2026 revised FMRs. HUD data is in the public domain. State and U.S. averages are Tachlis calculations weighted by each county’s population as listed in HUD’s file. HUD may revise FMRs for areas that request a reevaluation.
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