County FMR · HUD FY2026
Phillips County Fair Market Rent
HUD's FY2026 Fair Market Rent for Phillips County, CO - 16% below the US average.
- $803
- 1-bedroom FMR
- $1,054
- 2-bedroom FMR
- +2.4%
- YoY change
- -16%
- vs US avg
The verdict
Phillips is the 15th cheapest of 64 counties in Colorado by 2-bedroom FMR; nationally it ranks #1,447 most expensive of 3,145 HUD counties.
- #1,447
- most expensive of 3,145 US counties (2BR)
- #15
- cheapest of 64 in Colorado (2BR)
- -31%
- vs the state average
- $32,120
- income to afford it (30% rule)
Software Developers spend the smallest share of income on rent here (7.2%), while Teaching Assistants, Except Postsecondary spend the most (30.7%); 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 Phillips County, CO. Verify with HUD →
Phillips County, Colorado carries an FY 2026 1-bedroom Fair Market Rent of $803 per month, the federal benchmark HUD publishes for this county. A 2-bedroom costs $1,054/mo and a studio is $798/mo. That's 16% below the national benchmark of $959 and 31% below the Colorado average of $1,161.
Rent increased2.4% from FY 2025 ($784), outpacing inflation. The 30% affordability floor is comparatively reachable here at $32,120/year.
Observed renter burden: 31.8% of the 466 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 0.0%, a tight rental market where HUD's annual FMR schedule can lag what landlords are actually asking.
Local labor market: The county's BLS unemployment rate has averaged 2.8% over the past 12 months, a tight labor market that typically supports steadier rent demand.
FY 2026 HUD Fair Market Rents in Colorado. Population: 4,493. Population has held roughly steady over the past five years (+4.0%, Census ACS). That's in line with Colorado's statewide growth of +5.1% over the same period.
FMR filing desk
Area PHILLIPS·COUNTY·CO·CO
Phillips County, CO: $803/mo 1BR · #1447 of 3145 counties (2BR) · FY2026
- FMR-AREA CO
- 1BR-FMR $803
- 2BR-FMR $1,054
- RANK-MID #1,447
- YOY-UP +2.4%
- VSUS-BELOW -16%
- VS-ST-LOW -31% CO
- INC-ROOM 16%
- POP-SMALL 4K
- PHOTO-NEAR El Paso County
- VOUCH-90-110 $723–$883
- FY-2026 FY2026
Photo-finish peer: El Paso ($661 1BR gap)
Read with: Section 8 housing guide
Fair Market Rents (2026)
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $779 | $798 | +$19 (+2.4%) |
| 1 Bedroom | $784 | $803 | +$19 (+2.4%) |
| 2 Bedroom | $1,030 | $1,054 | +$24 (+2.3%) |
| 3 Bedroom | $1,307 | $1,345 | +$38 (+2.9%) |
| 4 Bedroom | $1,658 | $1,652 | $-6 (-0.4%) |
Rent Burden Analysis
How much of household income goes to rent in Phillips County. 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 Phillips sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$1,054 higher than 54% 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 Phillips compares on 1-bedroom rent
1-bedroom FMR vs other Colorado counties
- Denver
Denver County
$1,754 1BR FMR / mo
- Arapahoe
Arapahoe County
$1,754 1BR FMR / mo
- Jefferson
Jefferson County
$1,754 1BR FMR / mo
- Adams
Adams County
$1,754 1BR FMR / mo
- Douglas
Douglas County
$1,754 1BR FMR / mo
- El Paso
El Paso County
$1,464 1BR FMR / mo
- Phillips
Phillips County
$803 1BR FMR / mo
What this shows Phillips 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), Phillips County (this county) ($803).
Can Common Jobs Afford Rent Here?
With a below-average 1-bedroom at $803/mo, most of these Colorado occupations clear, or miss, the 30% affordability line.
| Occupation | CO Salary | Rent Burden | Verdict |
|---|---|---|---|
| Software Developers | $134,540 | 7.2% | Affordable |
| General & Operations Managers | $130,340 | 7.4% | Affordable |
| Registered Nurses | $96,520 | 10% | Affordable |
| Police & Sheriff's Patrol Officers | $96,100 | 10% | Affordable |
| Accountants & Auditors | $90,030 | 10.7% | Affordable |
| Paralegals & Legal Assistants | $73,380 | 13.1% | Affordable |
| Electricians | $62,090 | 15.5% | Affordable |
| Elementary School Teachers | $61,550 | 15.7% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $60,260 | 16% | Affordable |
| Pharmacy Technicians | $48,070 | 20% | Affordable |
| Customer Service Representatives | $46,020 | 20.9% | Affordable |
| Janitors & Cleaners | $37,270 | 25.9% | Affordable |
| Retail Salespersons | $36,960 | 26.1% | Affordable |
| Fast Food & Counter Workers | $35,440 | 27.2% | Affordable |
| Teaching Assistants | $31,390 | 30.7% | Stretched |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Phillips County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Phillips (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 48.2% overall, from $542 to $803. The path there hasn't been smooth: year-over-year moves have swung by as much as 26.9% (FY 2022), a volatility pattern that makes single-year comparisons a poor guide to the underlying trend.
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↑2.4% | $798 | $803 | $1,054 |
| FY 2025 ↓10.0% | $779 | $784 | $1,030 |
| FY 2024 ↑11.0% | $865 | $871 | $1,144 |
| FY 2023 ↑0.8% | $780 | $785 | $1,002 |
| FY 2022 ↑26.9% | $774 | $779 | $973 |
| FY 2021 ↑13.3% | $610 | $614 | $809 |
| FY 2020 | $539 | $542 | $714 |
Where Phillips County Ranks in Colorado
Phillips County 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 #15 of 64 counties in Colorado. Nearest by rank: Saguache County ($975), Jackson County ($989), Alamosa County ($999), Rio Blanco County ($1,009), Huerfano County ($1,013), Lincoln County ($1,016), Bent County ($1,019), Cheyenne County ($1,044), Phillips County (this county) ($1,054), Yuma County ($1,061), Kit Carson County ($1,093), Rio Grande County ($1,094), Logan County ($1,101), Custer County ($1,112), Delta County ($1,114), Washington County ($1,114), Dolores County ($1,115).
Nationwide peers by 2BR FMR & rent burden
Two PlainRent-derived comparison paths for Phillips County, both outside Colorado 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 CO (FY2026).
Similar rent burden
Nearest 2BR FMR as a share of median household income (outside CO).
Nearby Counties in Colorado
Largest counties by population in Colorado
Showing the 8 largest of 63 other counties in Colorado.
Frequently Asked Questions
What is the average rent in Phillips County?
The FY 2026 Fair Market Rent for a 1-bedroom in Phillips County is $803 per month. A 2-bedroom is $1,054 and a studio is $798.
How does Phillips County rent compare to the national average?
Rent in Phillips County is 16% below the national average. A 1-bedroom here costs $803 compared to $959 nationally.
Where does Phillips County rank nationally for Fair Market Rent?
According to HUD's FY 2026 Fair Market Rent schedule, Phillips County's 2-bedroom FMR of $1,054 ranks #1,447 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 Phillips County?
Based on the 30% affordability rule, you need an annual income of at least $32,120 ($2,677/month) to afford a 1-bedroom at Fair Market Rent in Phillips County.
Is rent going up or down in Phillips County?
The 1-bedroom Fair Market Rent in Phillips County increased by 2.4% from FY 2025 to FY 2026, going from $784 to $803.
Which jobs can afford rent in Phillips 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 $803/mo. 14 of 15 common occupations are affordable here.
How much has rent changed in Phillips County over time?
The 1-bedroom Fair Market Rent in Phillips County went from $542 in FY 2020 to $803 in FY 2026, a total change of +48.2% over 6 years.
How does Fair Market Rent affect Section 8 vouchers in Phillips County?
In Phillips County, the FY 2026 FMR of $803/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 Phillips County?
For Phillips County, it's the specific 40th-percentile rent HUD publishes each year ($803/mo for a 1-bedroom in FY 2026).
Is the rental market tight or loose in Phillips County?
The ACS rental vacancy rate here is 0.0%, a tight rental market where HUD's annual FMR schedule can lag what landlords are actually asking.
What is the unemployment rate in Phillips County?
The county's BLS unemployment rate has averaged 2.8% over the past 12 months, a tight labor market that typically supports steadier rent demand.
Data sources
What this means for renters
Treat Phillips'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 $803 implies about $32,120/yr to rent without being cost-burdened. Run your numbers
- Colorado counties vary widely around this figure - compare specific counties before assuming this applies to yours. Compare vs El Paso
- See where Phillips 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.