Puerto Rico Fair Market Rents

2024 Fair Market Rents

2024 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 $574.

The highest average FMR for a two-bedroom apartment in the United States is $2,095 in Hawaii. The lowest for a two-bedroom apartment is $574 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 $668 in Naranjito Municipio, San Juan Municipio, and 26 others. The lowest FMR for a two-bedroom apartment is $473 in Guayanilla Municipio, Yauco Municipio, and 2 others.

Puerto Rico ($574) has a 52.5% lower FMR for 2-Bedroom housing than the average of the US ($1,208) 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
$487
Studio
$502
1-person
$574
2-person
$757
3-person
$869
4-person
Counties in Puerto Rico (78)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Naranjito Municipio 1st $556 $583 $668 $882 $1,056
San Juan Municipio 1st $556 $583 $668 $882 $1,056
Humacao Municipio 1st $556 $583 $668 $882 $1,056
Juncos Municipio 1st $556 $583 $668 $882 $1,056
Rio Grande Municipio 1st $556 $583 $668 $882 $1,056
Guaynabo Municipio 1st $556 $583 $668 $882 $1,056
Las Piedras Municipio 1st $556 $583 $668 $882 $1,056
Toa Alta Municipio 1st $556 $583 $668 $882 $1,056
Toa Baja Municipio 1st $556 $583 $668 $882 $1,056
Florida Municipio 1st $556 $583 $668 $882 $1,056
Dorado Municipio 1st $556 $583 $668 $882 $1,056
Trujillo Alto Municipio 1st $556 $583 $668 $882 $1,056
Corozal Municipio 1st $556 $583 $668 $882 $1,056
Comerio Municipio 1st $556 $583 $668 $882 $1,056
Loiza Municipio 1st $556 $583 $668 $882 $1,056
Catano Municipio 1st $556 $583 $668 $882 $1,056
Carolina Municipio 1st $556 $583 $668 $882 $1,056
Yabucoa Municipio 1st $556 $583 $668 $882 $1,056
Aguas Buenas Municipio 1st $556 $583 $668 $882 $1,056
Canovanas Municipio 1st $556 $583 $668 $882 $1,056
Manati Municipio 1st $556 $583 $668 $882 $1,056
Naguabo Municipio 1st $556 $583 $668 $882 $1,056
Vega Alta Municipio 1st $556 $583 $668 $882 $1,056
Bayamon Municipio 1st $556 $583 $668 $882 $1,056
Maunabo Municipio 1st $556 $583 $668 $882 $1,056
Barceloneta Municipio 1st $556 $583 $668 $882 $1,056
Vega Baja Municipio 1st $556 $583 $668 $882 $1,056
Morovis Municipio 1st $556 $583 $668 $882 $1,056
Cayey Municipio 29th $511 $511 $589 $830 $1,000
San Lorenzo Municipio 29th $511 $511 $589 $830 $1,000
Gurabo Municipio 29th $511 $511 $589 $830 $1,000
Caguas Municipio 29th $511 $511 $589 $830 $1,000
Cidra Municipio 29th $511 $511 $589 $830 $1,000
Fajardo Municipio 34th $534 $549 $616 $800 $919
Luquillo Municipio 34th $534 $549 $616 $800 $919
Ceiba Municipio 34th $534 $549 $616 $800 $919
Ponce Municipio 37th $454 $467 $524 $738 $828
Adjuntas Municipio 37th $454 $467 $524 $738 $828
Juana Diaz Municipio 37th $454 $467 $524 $738 $828
Villalba Municipio 37th $454 $467 $524 $738 $828
Hatillo Municipio 41st $453 $464 $522 $711 $760
Arecibo Municipio 41st $453 $464 $522 $711 $760
Quebradillas Municipio 41st $453 $464 $522 $711 $760
Camuy Municipio 41st $453 $464 $522 $711 $760
Hormigueros Municipio 45th $461 $474 $532 $664 $758
Mayaguez Municipio 45th $461 $474 $532 $664 $758
Las Marias Municipio 45th $461 $474 $532 $664 $758
Ciales Municipio 48th $450 $458 $526 $636 $732
Barranquitas Municipio 48th $450 $458 $526 $636 $732
Aibonito Municipio 48th $450 $458 $526 $636 $732
Orocovis Municipio 48th $450 $458 $526 $636 $732
Utuado Municipio 52nd $450 $453 $519 $632 $713
San Sebastian Municipio 52nd $450 $453 $519 $632 $713
Rincon Municipio 52nd $450 $453 $519 $632 $713
Aguada Municipio 52nd $450 $453 $519 $632 $713
Isabela Municipio 52nd $450 $453 $519 $632 $713
Anasco Municipio 52nd $450 $453 $519 $632 $713
Aguadilla Municipio 52nd $450 $453 $519 $632 $713
Lares Municipio 52nd $450 $453 $519 $632 $713
Moca Municipio 52nd $450 $453 $519 $632 $713
Lajas Municipio 61st $423 $425 $520 $669 $717
Sabana Grande Municipio 61st $423 $425 $520 $669 $717
San German Municipio 61st $423 $425 $520 $669 $717
Cabo Rojo Municipio 61st $423 $425 $520 $669 $717
Santa Isabel Municipio 65th $410 $421 $473 $667 $737
Vieques Municipio 65th $410 $421 $473 $667 $737
Coamo Municipio 65th $410 $421 $473 $667 $737
Culebra Municipio 65th $410 $421 $473 $667 $737
Maricao Municipio 65th $410 $421 $473 $667 $737
Jayuya Municipio 65th $410 $421 $473 $667 $737
Salinas Municipio 65th $410 $421 $473 $667 $737
Guayama Municipio 72nd $404 $406 $485 $643 $646
Patillas Municipio 72nd $404 $406 $485 $643 $646
Arroyo Municipio 72nd $404 $406 $485 $643 $646
Guayanilla Municipio 75th $410 $421 $473 $628 $630
Yauco Municipio 75th $410 $421 $473 $628 $630
Guanica Municipio 75th $410 $421 $473 $628 $630
Penuelas Municipio 75th $410 $421 $473 $628 $630

More on Puerto Rico

Citation

Link to this Page:

Questions or Comments? Contact us

Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.