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Puerto Rico Fair Market Rents

2023 Fair Market Rents

2023 FMRs in Puerto Rico by county. Click on the map below to view FMRs for a particular county.

Puerto Rico Bar Graph

FMRs vary across Puerto Rico based on County and ZIP code as well as number of bedrooms. The average FMR for a two-bedroom apartment in Puerto Rico is $519.

The highest average FMR for a two-bedroom apartment in the United States is $1,951 in Hawaii. The lowest for a two-bedroom apartment is $519 in Puerto Rico.

FMRs in Puerto Rico are based on the price of monthly rent plus the cost of essential utilities. FMRs vary by county or ZIP Code. Generally areas with a lower population density have a lower gross rent (lower FMRs) but there are exceptions.

View the Fair Market Rents Overview for information on how FMRs are calculated. Click on a specific county from the table below for detailed FMR information including Small Area FMRs.

How does Puerto Rico compare?

The highest FMR for a two-bedroom apartment in Puerto Rico is $585 in Canovanas Municipio, Trujillo Alto Municipio, and 26 others. The lowest FMR for a two-bedroom apartment is $444 in Penuelas Municipio, Yauco Municipio, and 2 others.

Puerto Rico ($519) has a 52.6% lower FMR for 2-Bedroom housing than the average of the US ($1,096) and therefore has a lower gross rent.

Puerto Rico is rank 56th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than all other States and territories. Puerto Rico is the cheapest State or territory in terms of FMRs.

Average FMRs for Puerto Rico

56th
Rank
$443
Studio
$458
1-person
$519
2-person
$712
3-person
$825
4-person
Counties in Puerto Rico (75)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Canovanas Municipio 1st $507 $518 $585 $831 $996
Trujillo Alto Municipio 1st $507 $518 $585 $831 $996
Florida Municipio 1st $507 $518 $585 $831 $996
Toa Baja Municipio 1st $507 $518 $585 $831 $996
Dorado Municipio 1st $507 $518 $585 $831 $996
Loiza Municipio 1st $507 $518 $585 $831 $996
Corozal Municipio 1st $507 $518 $585 $831 $996
Comerio Municipio 1st $507 $518 $585 $831 $996
Vega Alta Municipio 1st $507 $518 $585 $831 $996
Toa Alta Municipio 1st $507 $518 $585 $831 $996
Guaynabo Municipio 1st $507 $518 $585 $831 $996
Las Piedras Municipio 1st $507 $518 $585 $831 $996
Humacao Municipio 1st $507 $518 $585 $831 $996
Catano Municipio 1st $507 $518 $585 $831 $996
Carolina Municipio 1st $507 $518 $585 $831 $996
Manati Municipio 1st $507 $518 $585 $831 $996
San Juan Municipio 1st $507 $518 $585 $831 $996
Maunabo Municipio 1st $507 $518 $585 $831 $996
Bayamon Municipio 1st $507 $518 $585 $831 $996
Morovis Municipio 1st $507 $518 $585 $831 $996
Barceloneta Municipio 1st $507 $518 $585 $831 $996
Vega Baja Municipio 1st $507 $518 $585 $831 $996
Naguabo Municipio 1st $507 $518 $585 $831 $996
Naranjito Municipio 1st $507 $518 $585 $831 $996
Rio Grande Municipio 1st $507 $518 $585 $831 $996
Aguas Buenas Municipio 1st $507 $518 $585 $831 $996
Yabucoa Municipio 1st $507 $518 $585 $831 $996
Juncos Municipio 1st $507 $518 $585 $831 $996
Luquillo Municipio 29th $475 $486 $549 $739 $875
Fajardo Municipio 29th $475 $486 $549 $739 $875
Ceiba Municipio 29th $475 $486 $549 $739 $875
Cidra Municipio 32nd $445 $456 $522 $742 $889
Gurabo Municipio 32nd $445 $456 $522 $742 $889
Cayey Municipio 32nd $445 $456 $522 $742 $889
Caguas Municipio 32nd $445 $456 $522 $742 $889
San Lorenzo Municipio 32nd $445 $456 $522 $742 $889
Adjuntas Municipio 37th $421 $430 $486 $685 $770
Ponce Municipio 37th $421 $430 $486 $685 $770
Villalba Municipio 37th $421 $430 $486 $685 $770
Juana Diaz Municipio 37th $421 $430 $486 $685 $770
Aibonito Municipio 41st $399 $423 $478 $644 $784
Orocovis Municipio 41st $399 $423 $478 $644 $784
Ciales Municipio 41st $399 $423 $478 $644 $784
Barranquitas Municipio 41st $399 $423 $478 $644 $784
Quebradillas Municipio 45th $424 $433 $489 $629 $700
Hatillo Municipio 45th $424 $433 $489 $629 $700
Camuy Municipio 45th $424 $433 $489 $629 $700
Arecibo Municipio 45th $424 $433 $489 $629 $700
Sabana Grande Municipio 49th $384 $417 $471 $618 $705
Cabo Rojo Municipio 49th $384 $417 $471 $618 $705
San German Municipio 49th $384 $417 $471 $618 $705
Lajas Municipio 49th $384 $417 $471 $618 $705
Utuado Municipio 53rd $384 $420 $485 $597 $677
San Sebastian Municipio 53rd $384 $420 $485 $597 $677
Rincon Municipio 53rd $384 $420 $485 $597 $677
Aguada Municipio 53rd $384 $420 $485 $597 $677
Anasco Municipio 53rd $384 $420 $485 $597 $677
Moca Municipio 53rd $384 $420 $485 $597 $677
Lares Municipio 53rd $384 $420 $485 $597 $677
Isabela Municipio 53rd $384 $420 $485 $597 $677
Aguadilla Municipio 53rd $384 $420 $485 $597 $677
Santa Isabel Municipio 62nd $385 $393 $444 $616 $681
Vieques Municipio 62nd $385 $393 $444 $616 $681
Coamo Municipio 62nd $385 $393 $444 $616 $681
Culebra Municipio 62nd $385 $393 $444 $616 $681
Jayuya Municipio 62nd $385 $393 $444 $616 $681
Maricao Municipio 62nd $385 $393 $444 $616 $681
Salinas Municipio 62nd $385 $393 $444 $616 $681
Guayama Municipio 69th $391 $393 $456 $610 $613
Arroyo Municipio 69th $391 $393 $456 $610 $613
Patillas Municipio 69th $391 $393 $456 $610 $613
Penuelas Municipio 72nd $385 $393 $444 $594 $596
Yauco Municipio 72nd $385 $393 $444 $594 $596
Guanica Municipio 72nd $385 $393 $444 $594 $596
Guayanilla Municipio 72nd $385 $393 $444 $594 $596

More on Puerto Rico

Want to learn more about Puerto Rico? See Loan Limits in Puerto Rico to view maximum loan amounts or click here to find a Public Housing Authority in Puerto Rico who can help with finding affordable housing near you.

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Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.


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