FY2027 Small Area FMR · Providence, RI

ZIP 02918 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02918 (Providence, RI) is $1,850 a month, up 6.9% from FY2026. That is 2% below the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$1,850per month ▲ 6.9%

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

Rank in the area70thof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,665

2 BR Small Area FMR$1,850

110% of SAFMR$2,035

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

Studio$1,400▲ 6.1%

1 BR$1,490▲ 6.4%

2 BR$1,850▲ 6.9%

3 BR$2,270▲ 8.6%

4 BR$2,570▲ 3.6%

FY2027 FY2026

Where 02918 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02918 has the 70th 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 $1,850 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	$1,400	$1,260 – $1,540	$1,423	$1,320
1 bedroom	$1,490	$1,341 – $1,639	$1,509	$1,400
2 bedrooms	$1,850	$1,665 – $2,035	$1,879	$1,730
3 bedrooms	$2,270	$2,043 – $2,497	$2,302	$2,090
4 bedrooms	$2,570	$2,313 – $2,827	$2,615	$2,480

A household renting a two-bedroom home at the Small Area FMR of $1,850 needs about $74,000 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 02918 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	0.2 mi	$1,850
02904	Providence	1.2 mi	$1,910
02909	Providence	1.6 mi	$1,940
02911	North Providence	1.9 mi	$2,140
02912	Providence	2.2 mi	$2,510
02903	Providence	2.3 mi	$2,630

Questions

What is the Fair Market Rent for ZIP code 02918?

HUD's FY2027 Small Area Fair Market Rents for 02918 are $1,400 (studio), $1,490 (1 BR), $1,850 (2 BR), $2,270 (3 BR) and $2,570 (4 BR) a month.

What is the Section 8 payment standard in 02918?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02918 that range is $1,665 to $2,035 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02918?

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.