FY2027 Small Area FMR · Providence, RI

ZIP 02909 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02909 (Providence, RI) is $1,940 a month, up 21.2% from FY2026. That is 3% above the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,940per month ▲ 21.2%

Area-wide 2 BR FMR$1,879Providence-Fall River, RI-MA

Rank in the area49thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,746

2 BR Small Area FMR$1,940

110% of SAFMR$2,134

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,470▲ 20.5%

1 BR$1,560▲ 20.0%

2 BR$1,940▲ 21.2%

3 BR$2,380▲ 23.3%

4 BR$2,700▲ 17.4%

FY2027 FY2026

Where 02909 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02909 has the 49th highest two-bedroom Small Area FMR. Providence-Fall River, RI-MA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,879 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,940 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,470	$1,323 – $1,617	$1,423	$1,220
1 bedroom	$1,560	$1,404 – $1,716	$1,509	$1,300
2 bedrooms	$1,940	$1,746 – $2,134	$1,879	$1,600
3 bedrooms	$2,380	$2,142 – $2,618	$2,302	$1,930
4 bedrooms	$2,700	$2,430 – $2,970	$2,615	$2,300

A household renting a two-bedroom home at the Small Area FMR of $1,940 needs about $77,600 a year to keep housing costs at 30% of income. The area median family income is $112,100 and the 80% low-income limit for four people is $89,700. ZIP code 02909 lies mainly in Providence County. See the Providence-Fall River, RI-MA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
02908	Providence	1.5 mi	$1,850
02918	Providence	1.6 mi	$1,850
02907	Providence	2.2 mi	$1,730
02903	Providence	2.3 mi	$2,630
02911	North Providence	2.5 mi	$2,140
02912	Providence	2.6 mi	$2,510

Questions

What is the Fair Market Rent for ZIP code 02909?

HUD's FY2027 Small Area Fair Market Rents for 02909 are $1,470 (studio), $1,560 (1 BR), $1,940 (2 BR), $2,380 (3 BR) and $2,700 (4 BR) a month.

What is the Section 8 payment standard in 02909?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02909 that range is $1,746 to $2,134 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02909?

The FY2026 income limits of the Providence-Fall River, RI-MA area apply: median family income $112,100, low-income (80%) limit $89,700 for a family of four.