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RentData.org Logo Fairbanks Fair Market Rent FY 2024 Fairbanks, AK MSA Rental Data

Fair Market Rent Prices in Fairbanks, AK :
$1,116 $1,253 $1,646 $2,320 $2,793
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Fairbanks are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Fairbanks is $1,646 per month.

The previous year, rent for a two-bedroom home was $1,485 per month. This is a 10.84% increase year-over-year.

This FMR rate applies to Salcha, AK, Ester, AK, Eielson Afb, AK, Fort Wainwright, AK, North Pole, AK, Fairbanks, AK and other cities within the region. The Metro Code or CBSA code for this region is METRO21820M21820.

Additionally, This Fair Market Rent (FMR) area Fairbanks, AK MSA spans one county or city in Alaska which is listed in the table below. Estimated population of Fairbanks, AK MSA FMR area is 98,455 people based on latest Census data.

Compared to the rest of Alaska, the Fairbanks FMR area is more expensive than 82% of the state.

Alaska Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Fairbanks. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Fairbanks

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1183
1-BR 1-Bedroom $ 1328
2-BR 2-Bedroom $ 1745
3-BR 3-Bedroom $ 2459
4-BR 4-Bedroom $ 2961
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Fairbanks, AK MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Fairbanks.

County / Region Est. Population
Fairbanks, AK Metro 98,455
Zip Codes in Fairbanks, AK MSA

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

99701, 99702, 99703, 99705, 99706, 99707, 99708, 99709, 99712, 99714, 99725, 99775 and 99790

Lookup Fair Market Rent by Zip Code

What's Next?

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