FY2027 Small Area FMR · Cranston, RI

ZIP 02921 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 02921 (Cranston, RI) is $2,150 a month, up 0.5% from FY2026. That is 14% above the Providence-Fall River, RI-MA area-wide FMR of $1,879.

2-bedroom SAFMR$2,150per month ▲ 0.5%

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

Rank in the area22ndof 102 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,935

2 BR Small Area FMR$2,150

110% of SAFMR$2,365

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

Studio$1,630■ 0.0%

1 BR$1,730▼ 0.6%

2 BR$2,150▲ 0.5%

3 BR$2,630▲ 1.9%

4 BR$2,990▼ 2.6%

FY2027 FY2026

Where 02921 sits in the Providence-Fall River, RI-MA area

Of the 102 ZIP codes HUD lists for the area, 02921 has the 22nd 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 $2,150 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	$1,630	$1,467 – $1,793	$1,423	$1,630
1 bedroom	$1,730	$1,557 – $1,903	$1,509	$1,740
2 bedrooms	$2,150	$1,935 – $2,365	$1,879	$2,140
3 bedrooms	$2,630	$2,367 – $2,893	$2,302	$2,580
4 bedrooms	$2,990	$2,691 – $3,289	$2,615	$3,070

A household renting a two-bedroom home at the Small Area FMR of $2,150 needs about $86,000 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 02921 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
02920	Cranston	2.6 mi	$1,990
02823	Fiskeville	2.6 mi	$2,320
02910	Cranston	4.2 mi	$1,940
02919	Johnston	4.6 mi	$1,890
02831	Hope	4.8 mi	$2,470
02886	Warwick	4.9 mi	$2,150

Questions

What is the Fair Market Rent for ZIP code 02921?

HUD's FY2027 Small Area Fair Market Rents for 02921 are $1,630 (studio), $1,730 (1 BR), $2,150 (2 BR), $2,630 (3 BR) and $2,990 (4 BR) a month.

What is the Section 8 payment standard in 02921?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 02921 that range is $1,935 to $2,365 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 02921?

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.