County FMR · HUD FY2026

Morgan County Fair Market Rent

HUD's FY2026 Fair Market Rent for Morgan County, CO - 8% below the US average.

$884
1-bedroom FMR
$1,160
2-bedroom FMR
-0.8%
YoY change
-8%
vs US avg

The verdict

Morgan is the 27th cheapest of 64 counties in Colorado by 2-bedroom FMR.

#27
cheapest of 64 in Colorado (2BR)
-24%
vs the state average
$35,360
income to afford it (30% rule)
-0.8%
YoY, FY2025→2026

Software Developers spend the smallest share of income on rent here (7.9%), while Teaching Assistants, Except Postsecondary spend the most (33.8%); 14 of 15 common occupations here can afford a 1-bedroom at Fair Market Rent without exceeding the 30% threshold.

FY 2026 HUD Fair Market Rent for Morgan County, CO. Verify with HUD →

HUD sets the FY 2026 1-bedroom Fair Market Rent for Morgan County, Colorado at $884 per month - the federal rental-assistance benchmark for this county. A 2-bedroom costs $1,160/mo and a studio is $878/mo. This is 8% lower than the national average of $959 and 24% below the Colorado average of $1,161.

Rent decreased0.8% from FY 2025 ($891), roughly tracking inflation. To afford rent here, a household needs at least $35,360/year based on the 30% affordability rule.

FY 2026 HUD Fair Market Rents in Colorado. Population: 29,045. Population has held roughly steady over the past five years (+3.3%, Census ACS). That's slower than Colorado's statewide growth of +5.1% over the same period.

What these rents mean for Morgan County

The Morgan County FMR area applies to all ZIP codes inside the county boundary, and Colorado's housing authorities use it as the baseline for Section 8 Housing Choice Voucher payment standards. See how FMR is calculated for the full 40th-percentile methodology and payment-standard rules.

Morgan County's 1-bedroom rent runs 8% below the US average of $959 and 24% lower than the Colorado state average of $1,161. Over the past year, 1-bedroom rent here shifted from$891 in FY 2025 to $884 in FY 2026 - a change of -0.8%, which tracks roughly with broader price trends.

At the FY 2026 1-bedroom FMR of $884, affording it under the 30%-of-income rule takes $35,360 per year (about $2,947/month) in household income, and a 2-bedroom at $1,160 pushes that threshold even higher. With a population of 29,045 and a county median household income of $75,407, the arithmetic here directly shapes which wage earners can rent without being cost-burdened.

Fair Market Rents (2026)

Studio
State avg: $1,083 · US avg: $893
$878/mo
↑ 9.5% YoY -19% vs state -2% vs US
1 Bedroom
State avg: $1,161 · US avg: $959
$884/mo
↓ 0.8% YoY -24% vs state -8% vs US
2 Bedroom
State avg: $1,429 · US avg: $1,175
$1,160/mo
↓ 0.8% YoY -19% vs state -1% vs US
3 Bedroom
State avg: $1,861 · US avg: $1,525
$1,606/mo
↑ 4.8% YoY -14% vs state +5% vs US
4 Bedroom
State avg: $2,178 · US avg: $1,756
$1,824/mo
↓ 2.9% YoY -16% vs state +4% vs US

Year-over-Year Comparison

Bedrooms FY 2025 FY 2026 Change
Studio $802
$878
+$76 (+9.5%)
1 Bedroom $891
$884
$-7 (-0.8%)
2 Bedroom $1,169
$1,160
$-9 (-0.8%)
3 Bedroom $1,532
$1,606
+$74 (+4.8%)
4 Bedroom $1,878
$1,824
$-54 (-2.9%)

Affordability Snapshot

Based on the standard that rent should not exceed 30% of gross income:

Required annual income for 1 BR
$35,360
$2,947/month gross
Required annual income for 2 BR
$46,400
$3,867/month gross

Rent Burden Analysis

How much of household income goes to rent in Morgan County. The 30% threshold indicates cost burden.

Studio
14%
Affordable
Need $35,120/yr for 30% rule
1 Bedroom
14.1%
Affordable
Need $35,360/yr for 30% rule
2 Bedroom
18.5%
Affordable
Need $46,400/yr for 30% rule
3 Bedroom
25.6%
Affordable
Need $64,240/yr for 30% rule
4 Bedroom
29%
Affordable
Need $72,960/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.

Morgan County 2-bedroom rent burden

0%100%National avg22%18.5%
Morgan County 2-bedroom rent burden
County median income: $75,407 · National avg burden: 21.7% ·View Colorado rent burden →

Where Morgan sits among every US county

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

$1,160 Top 35% higher than 65% 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 Morgan compares on 1-bedroom rent

1-bedroom FMR vs other Colorado counties

1BR FMR / mo

What this shows Morgan is highlighted. Nearby Colorado counties by 1-bedroom FMR, highest to lowest: Denver County ($1,754), Arapahoe County ($1,754), Jefferson County ($1,754), Adams County ($1,754), Douglas County ($1,754), El Paso County ($1,464), Morgan County (this county) ($884).

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

Can Common Jobs Afford Rent Here?

How a 1-bedroom at $884/mo compares to Colorado salaries for popular occupations (BLS wage data, 30%-of-income rule).

Occupation CO Salary Rent Burden Verdict
Software Developers $134,540 7.9% Affordable
General & Operations Managers $130,340 8.1% Affordable
Registered Nurses $96,520 11% Affordable
Police & Sheriff's Patrol Officers $96,100 11% Affordable
Accountants & Auditors $90,030 11.8% Affordable
Paralegals & Legal Assistants $73,380 14.5% Affordable
Electricians $62,090 17.1% Affordable
Elementary School Teachers $61,550 17.2% Affordable
Heavy & Tractor-Trailer Truck Drivers $60,260 17.6% Affordable
Pharmacy Technicians $48,070 22.1% Affordable
Customer Service Representatives $46,020 23.1% Affordable
Janitors & Cleaners $37,270 28.5% Affordable
Retail Salespersons $36,960 28.7% Affordable
Fast Food & Counter Workers $35,440 29.9% Affordable
Teaching Assistants $31,390 33.8% Stretched
Salaries: BLS OES (Colorado) median · 30% = affordable threshold · Try the salary calculator →

Rent Trends (2020–2026)

7-year Fair Market Rent history for Morgan County. Shows how HUD rental rates have changed over time.

Over the 6-year span HUD has tracked for Morgan (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 47.1% overall, from $601 to $884. The path there hasn't been smooth: year-over-year moves have swung by as much as 15.8% (FY 2024), a volatility pattern that makes single-year comparisons a poor guide to the underlying trend.

$500$600$700$800$900$1,000 FY2020FY2021FY2022FY2023FY2024FY2025FY2026 $884
Morgan County 1-bedroom Fair Market Rent, FY2020–FY2026
Year Studio 1 BR 2 BR
FY 2026 ↓0.8% $878 $884 $1,160
FY 2025 ↓6.0% $802 $891 $1,169
FY 2024 ↑15.8% $845 $948 $1,246
FY 2023 ↑3.9% $736 $819 $1,078
FY 2022 ↑15.7% $715 $788 $1,037
FY 2021 ↑13.3% $607 $681 $898
FY 2020 $515 $601 $791
Total change (6yr): +47.1%
Annualized: +6.6%/yr
1 BR: $601 → $884

Part of the Fort Morgan, CO Micro Area

Morgan County is a central county of the Fort Morgan, CO micropolitan statistical area.

Nearby Counties in Colorado

Largest counties by population in Colorado

El Paso County
1 BR: $1,464/mo Pop: 730,323
Denver County
1 BR: $1,754/mo Pop: 710,800
Arapahoe County
1 BR: $1,754/mo Pop: 654,453
Jefferson County
1 BR: $1,754/mo Pop: 580,519
Adams County
1 BR: $1,754/mo Pop: 520,149
Douglas County
1 BR: $1,754/mo Pop: 360,206
Larimer County
1 BR: $1,537/mo Pop: 359,363
Weld County
1 BR: $1,238/mo Pop: 331,466
View all counties in Colorado →

Frequently Asked Questions

What is the average rent in Morgan County? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Morgan County is $884 per month. A 2-bedroom is $1,160 and a studio is $878.
How does Morgan County rent compare to the national average? ▼
Rent in Morgan County is 8% below the national average. A 1-bedroom here costs $884 compared to $959 nationally.
What income do I need to afford rent in Morgan County? ▼
Based on the 30% affordability rule, you need an annual income of at least $35,360 ($2,947/month) to afford a 1-bedroom at Fair Market Rent in Morgan County.
Is rent going up or down in Morgan County? ▼
The 1-bedroom Fair Market Rent in Morgan County decreased by 0.8% from FY 2025 to FY 2026, going from $891 to $884.
Which jobs can afford rent in Morgan County? ▼
Based on Colorado BLS salary data and the 30% affordability rule, jobs like Software Developers, General and Operations Managers, Registered Nurses can afford a 1-bedroom at $884/mo. 14 of 15 common occupations are affordable here.
How much has rent changed in Morgan County over time? ▼
The 1-bedroom Fair Market Rent in Morgan County went from $601 in FY 2020 to $884 in FY 2026, a total change of +47.1% over 6 years.
How does Fair Market Rent affect Section 8 vouchers in Morgan County? ▼
In Morgan County, the FY 2026 FMR of $884/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 Morgan County? ▼
For Morgan County, it's the specific 40th-percentile rent HUD publishes each year ($884/mo for a 1-bedroom in FY 2026).

What this means for renters

Treat Morgan's FY2026 Fair Market Rent as HUD's affordability benchmark, not a market quote.

  • Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $884 implies about $35,360/yr to rent without being cost-burdened. Run your numbers
  • Compare this county against nearby metros and states before signing a lease. Compare areas
  • See where it sits on the national rent map. View rankings

Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents in Morgan can run higher or lower, and HUD updates FMRs once a year. This page is informational and not financial or relocation advice.

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.