County FMR · HUD FY2026

Lake and Peninsula Borough Fair Market Rent

HUD's FY2026 Fair Market Rent for Lake and Peninsula Borough, AK - 7% below the US average.

$894
1-bedroom FMR
$1,030
2-bedroom FMR
+8.2%
YoY change
-7%
vs US avg

The verdict

Lake and Peninsula is the 2nd cheapest of 30 counties in Alaska by 2-bedroom FMR; nationally it ranks #1,573 most expensive of 3,145 HUD counties; rent here has climbed 8.2% since FY 2025, a modest shift relative to most counties.

#1,573
most expensive of 3,145 US counties (2BR)
#2
cheapest of 30 in Alaska (2BR)
-25%
vs the state average
$35,760
income to afford it (30% rule)

General and Operations Managers spend the smallest share of income on rent here (8.9%), while Teaching Assistants, Except Postsecondary spend the most (35.1%); 13 of 15 common occupations here can afford a 1-bedroom at Fair Market Rent without exceeding the 30% threshold; nearby Alaska counties range as much as 72% apart in 1-bedroom FMR, so the county line itself can matter for renters comparing options.

FY 2026 HUD Fair Market Rent for Lake and Peninsula Borough, AK. Verify with HUD →

The Fair Market Rent for a 1-bedroom apartment in Lake and Peninsula Borough, Alaska is $894 per month in FY 2026, according to the U.S. Department of Housing and Urban Development (HUD). A 2-bedroom costs $1,030/mo and a studio is $739/mo. This is 7% lower than the national average of $959 and 25% below the Alaska average of $1,194.

Rent increased8.2% from FY 2025 ($826), outpacing inflation. Under the 30% rule, affordability starts near $35,760/year for a 1-bedroom.

Observed renter burden: 12.6% of the 127 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from HUD's FY2026 Fair Market Rent benchmark above.

FY 2026 HUD Fair Market Rents in Alaska. Population: 999.

FMR filing desk

Area LAKE·AND·PENINSULA·BOROUGH·AK·AK

Lake and Peninsula Borough, AK: $894/mo 1BR · #1573 of 3145 counties (2BR) · FY2026

  • FMR-AREA AK
  • 1BR-FMR $894
  • 2BR-FMR $1,030
  • RANK-MID #1,573
  • YOY-SURGE +8.2%
  • VSUS-NEAR -7%
  • VS-ST-LOW -25% AK
  • INC-ROOM 17%
  • POP-SMALL 999
  • PHOTO-NEAR Anchorage Municipa
  • VOUCH-90-110 $805–$983
  • FY-2026 FY2026

Photo-finish peer: Anchorage Municipality ($349 1BR gap)

Read with: How Fair Market Rent works

Fair Market Rents (2026)

Studio
State avg: $1,061 · US avg: $893
$739/mo
↑ 6.6% YoY -30% vs state -17% vs US
1 Bedroom
State avg: $1,194 · US avg: $959
$894/mo
↑ 8.2% YoY -25% vs state -7% vs US
2 Bedroom
State avg: $1,467 · US avg: $1,175
$1,030/mo
↑ 6.2% YoY -30% vs state -12% vs US
3 Bedroom
State avg: $1,941 · US avg: $1,525
$1,391/mo
↑ 2.4% YoY -28% vs state -9% vs US
4 Bedroom
State avg: $2,304 · US avg: $1,756
$1,596/mo
↑ 4.1% YoY -31% vs state -9% vs US

Year-over-Year Comparison

Bedrooms FY 2025 FY 2026 Change
Studio $693
$739
+$46 (+6.6%)
1 Bedroom $826
$894
+$68 (+8.2%)
2 Bedroom $970
$1,030
+$60 (+6.2%)
3 Bedroom $1,359
$1,391
+$32 (+2.4%)
4 Bedroom $1,533
$1,596
+$63 (+4.1%)

Rent Burden Analysis

How much of household income goes to rent in Lake and Peninsula Borough. The 30% threshold indicates cost burden.

Studio
13.9%
Affordable
Need $29,560/yr for 30% rule
1 Bedroom
16.8%
Affordable
Need $35,760/yr for 30% rule
2 Bedroom
19.3%
Affordable
Need $41,200/yr for 30% rule
3 Bedroom
26.1%
Affordable
Need $55,640/yr for 30% rule
4 Bedroom
29.9%
Affordable
Need $63,840/yr for 30% rule
How we calculate this

Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.

0%100%National avg22%19.3%
Lake and Peninsula Borough 2-bedroom rent burden
County median income: $64,000 · National avg burden: 21.7% ·View Alaska rent burden →

Where Lake and Peninsula sits among every US county

2-bedroom Fair Market Rent vs. all 3,145 HUD counties

$1,030 higher than 50% of 3,145 counties

$600–$800: 23 counties (1%). Below this entry. $800–$1,000: 1,406 counties (45%). Below this entry. $1,000–$1,200: 723 counties (23%). This entry sits in this band. $1,200–$1,400: 417 counties (13%). Above this entry. $1,400–$1,600: 181 counties (6%). Above this entry. $1,600–$1,800: 172 counties (5%). Above this entry. $1,800–$2,000: 108 counties (3%). Above this entry. $2,000–$2,200: 29 counties (1%). Above this entry. $2,200–$2,400: 40 counties (1%). Above this entry. $2,400–$2,600: 13 counties (0%). Above this entry. $2,600–$2,800: 9 counties (0%). Above this entry. $2,800–$3,000: 15 counties (0%). Above this entry. $3,000–$3,200: 3 counties (0%). Above this entry. $3,200–$3,400: 1 counties (0%). Above this entry. $3,400–$3,600: 1 counties (0%). Above this entry. $3,600–$3,800: 3 counties (0%). Above this entry. $3,800–$4,000: 0 counties (0%). Above this entry. $4,000–$4,200: 0 counties (0%). Above this entry. $4,200–$4,400: 1 counties (0%). Above this entry. This county $600 $4,400 every US county, bucketed by value

Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

How Lake and Peninsula compares on 1-bedroom rent

1-bedroom FMR vs other Alaska counties

1BR FMR / mo

What this shows Lake and Peninsula is highlighted. Nearby Alaska counties by 1-bedroom FMR, highest to lowest: Bethel Census Area ($1,719), Juneau City and Borough ($1,340), Fairbanks North Star Borough ($1,277), Anchorage Municipality ($1,243), Matanuska-Susitna Borough ($1,049), Kenai Peninsula Borough ($1,000), Lake and Peninsula Borough (this county) ($894).

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Can Common Jobs Afford Rent Here?

How a 1-bedroom at $894/mo compares to Alaska salaries for popular occupations (BLS wage data, 30%-of-income rule).

Occupation AK Salary Rent Burden Verdict
General & Operations Managers $120,470 8.9% Affordable
Software Developers $119,600 9% Affordable
Registered Nurses $110,690 9.7% Affordable
Police & Sheriff's Patrol Officers $100,300 10.7% Affordable
Accountants & Auditors $81,950 13.1% Affordable
Electricians $81,860 13.1% Affordable
Elementary School Teachers $76,290 14.1% Affordable
Heavy & Tractor-Trailer Truck Drivers $64,890 16.5% Affordable
Paralegals & Legal Assistants $61,120 17.6% Affordable
Pharmacy Technicians $50,440 21.3% Affordable
Customer Service Representatives $44,760 24% Affordable
Janitors & Cleaners $39,040 27.5% Affordable
Retail Salespersons $36,940 29% Affordable
Fast Food & Counter Workers $34,430 31.2% Stretched
Teaching Assistants $30,560 35.1% Stretched
Salaries: BLS OES (Alaska) median · 30% = affordable threshold · Try the salary calculator →

Rent Trends (2020–2026)

7-year Fair Market Rent history for Lake and Peninsula Borough. Shows how HUD rental rates have changed over time.

Over the 6-year span HUD has tracked for Lake and Peninsula (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 23.1% overall, from $726 to $894. The increases have been fairly steady year to year, with no single jump exceeding 11.9% (FY 2024).

$600$700$800$900$1,000 FY2020FY2021FY2022FY2023FY2024FY2025FY2026 $894
Lake and Peninsula Borough 1-bedroom Fair Market Rent, FY2020–FY2026
Year Studio 1 BR 2 BR
FY 2026 ↑8.2% $739 $894 $1,030
FY 2025 ↑0.7% $693 $826 $970
FY 2024 ↑11.9% $660 $820 $937
FY 2023 ↑7.8% $605 $733 $863
FY 2022 ↑4.0% $574 $680 $825
FY 2021 ↓9.9% $580 $654 $826
FY 2020 $637 $726 $907
Total change (6yr): +23.1%
Annualized: +3.5%/yr
1 BR: $726 → $894

Where Lake and Peninsula Borough Ranks in Alaska

Lake and Peninsula Borough is not part of any federally-designated metropolitan or micropolitan statistical area -- an independent rental market not administratively tied to a larger urban core. By 2-bedroom FMR, it ranks #2 of 30 counties in Alaska. Nearest by rank: Kusilvak Census Area ($973), Lake and Peninsula Borough (this county) ($1,030), Yukon-Koyukuk Census Area ($1,126), Copper River Census Area ($1,130), Prince of Wales-Hyder Census Area ($1,153), Denali Borough ($1,187), Wrangell City and Borough ($1,217).

Kusilvak Census Area
2 BR: $973/mo
Lake and Peninsula Borough (this county)
2 BR: $1,030/mo
Yukon-Koyukuk Census Area
2 BR: $1,126/mo
Copper River Census Area
2 BR: $1,130/mo
Prince of Wales-Hyder Census Area
2 BR: $1,153/mo
Denali Borough
2 BR: $1,187/mo
Wrangell City and Borough
2 BR: $1,217/mo

Nationwide peers by 2BR FMR & rent burden

Two PlainRent-derived comparison paths for Lake and Peninsula Borough, both outside Alaska so the link neighborhoods are not the same-state geography lattice above. Axes stay disjoint: burden peers exclude the FMR peer set.

Similar 2-bedroom FMR

Nearest HUD 2BR Fair Market Rents outside AK (FY2026).

Schuylkill County
PA · 2 BR $1,030/mo
Bay County
MI · 2 BR $1,030/mo
Putnam County
IN · 2 BR $1,030/mo
White County
IN · 2 BR $1,030/mo

Similar rent burden

Nearest 2BR FMR as a share of median household income (outside AK).

Humphreys County
TN · 19.3% of income · 2 BR $955/mo
Edgar County
IL · 19.3% of income · 2 BR $916/mo
Clarke County
AL · 19.3% of income · 2 BR $791/mo
Chase County
KS · 19.3% of income · 2 BR $877/mo

Nearby Counties in Alaska

Largest counties by population in Alaska

Showing the 8 largest of 29 other counties in Alaska.

Anchorage Municipality
1 BR: $1,243/mo Pop: 290,674
Matanuska-Susitna Borough
1 BR: $1,049/mo Pop: 108,661
Fairbanks North Star Borough
1 BR: $1,277/mo Pop: 96,299
Kenai Peninsula Borough
1 BR: $1,000/mo Pop: 59,235
Juneau City and Borough
1 BR: $1,340/mo Pop: 32,108
Bethel Census Area
1 BR: $1,719/mo Pop: 18,538
Ketchikan Gateway Borough
1 BR: $1,238/mo Pop: 13,910
Kodiak Island Borough
1 BR: $1,581/mo Pop: 13,065
View all counties in Alaska →

Frequently Asked Questions

What is the average rent in Lake and Peninsula Borough? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Lake and Peninsula Borough is $894 per month. A 2-bedroom is $1,030 and a studio is $739.
How does Lake and Peninsula Borough rent compare to the national average? ▼
Rent in Lake and Peninsula Borough is 7% below the national average. A 1-bedroom here costs $894 compared to $959 nationally.
Where does Lake and Peninsula Borough rank nationally for Fair Market Rent? ▼
According to HUD's FY 2026 Fair Market Rent schedule, Lake and Peninsula Borough's 2-bedroom FMR of $1,030 ranks #1,573 most expensive among 3,145 HUD counties, placing it in the middle half of HUD counties.
What income do I need to afford rent in Lake and Peninsula Borough? ▼
Based on the 30% affordability rule, you need an annual income of at least $35,760 ($2,980/month) to afford a 1-bedroom at Fair Market Rent in Lake and Peninsula Borough.
Is rent going up or down in Lake and Peninsula Borough? ▼
The 1-bedroom Fair Market Rent in Lake and Peninsula Borough increased by 8.2% from FY 2025 to FY 2026, going from $826 to $894.
Which jobs can afford rent in Lake and Peninsula Borough? ▼
Based on Alaska BLS salary data and the 30% affordability rule, jobs like General and Operations Managers, Software Developers, Registered Nurses can afford a 1-bedroom at $894/mo. 13 of 15 common occupations are affordable here.
How much has rent changed in Lake and Peninsula Borough over time? ▼
The 1-bedroom Fair Market Rent in Lake and Peninsula Borough went from $726 in FY 2020 to $894 in FY 2026, a total change of +23.1% over 6 years.
How does Fair Market Rent affect Section 8 vouchers in Lake and Peninsula Borough? ▼
In Lake and Peninsula Borough, the FY 2026 FMR of $894/mo for a 1-bedroom sets the baseline that local housing authorities use for Section 8 payment standards.
What does Fair Market Rent mean for Lake and Peninsula Borough? ▼
For Lake and Peninsula Borough, it's the specific 40th-percentile rent HUD publishes each year ($894/mo for a 1-bedroom in FY 2026).

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau and HUD Fair Market Rents. Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page
  • HUD Fair Market Rents (FMR) - county-level fair-market rent estimates by bedroom count. huduser.gov/datasets/fmr
  • HUD Income Limits - area median income for affordability calculations. huduser.gov/datasets/il
  • HUD Comprehensive Housing Affordability Strategy (CHAS) - rent burden and housing-cost distribution. huduser.gov/datasets/cp
  • U.S. Census Bureau ACS - county and metro housing characteristics + median rent. census.gov/programs-surveys/acs
  • BLS Consumer Price Index, Rent of Primary Residence - rent inflation by metro. bls.gov/cpi
  • IRS Migration Data (SOI) - interstate migration aggregates affecting county demand. irs.gov/statistics/migration
  • BLS Occupational Employment and Wage Statistics - state-level median wages by occupation, used for job affordability analysis. bls.gov/oes

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.