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.
Market slack: The ACS rental vacancy rate here is 13.6%, a loose rental market that typically gives renters more negotiating leverage than the FMR schedule alone implies.
Local labor market: The county's BLS unemployment rate has averaged 7.1% over the past 12 months, well above the national norm, a headwind for household budgets that can also soften local rent growth.
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)
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.
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.
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
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
- Bethel
Bethel Census Area
$1,719 1BR FMR / mo
- Juneau City and
Juneau City and Borough
$1,340 1BR FMR / mo
- Fairbanks North Star
Fairbanks North Star Borough
$1,277 1BR FMR / mo
- Anchorage Municipality
Anchorage Municipality
$1,243 1BR FMR / mo
- Matanuska-Susitna
Matanuska-Susitna Borough
$1,049 1BR FMR / mo
- Kenai Peninsula
Kenai Peninsula Borough
$1,000 1BR FMR / mo
- Lake and Peninsula
Lake and Peninsula Borough
$894 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).
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 |
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).
| 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 |
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).
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).
Similar rent burden
Nearest 2BR FMR as a share of median household income (outside AK).
Nearby Counties in Alaska
Largest counties by population in Alaska
Showing the 8 largest of 29 other 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).
Is the rental market tight or loose in Lake and Peninsula Borough?
The ACS rental vacancy rate here is 13.6%, a loose rental market that typically gives renters more negotiating leverage than the FMR schedule alone implies.
What is the unemployment rate in Lake and Peninsula Borough?
The county's BLS unemployment rate has averaged 7.1% over the past 12 months, well above the national norm, a headwind for household budgets that can also soften local rent growth.
Data sources
What this means for renters
Treat Lake and Peninsula's FY2026 Fair Market Rent as HUD's affordability benchmark, not a single market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $894 implies about $35,760/yr to rent without being cost-burdened. Run your numbers
- Alaska counties vary widely around this figure - compare specific counties before assuming this applies to yours. Compare vs Anchorage Municipality
- See where Lake and Peninsula ranks nationally on rent. National rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents can run higher or lower, and HUD updates FMRs once a year. This site is informational and not financial or relocation advice.
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.