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 Aguas Buenas Municipio, Barceloneta Municipio, and 26 others. The lowest FMR for a two-bedroom apartment is $473 in Coamo Municipio, Culebra Municipio, and 9 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
Aguas Buenas Municipio 1st $556 $583 $668 $882 $1,056
Barceloneta Municipio 1st $556 $583 $668 $882 $1,056
Bayamón Municipio 1st $556 $583 $668 $882 $1,056
Canóvanas Municipio 1st $556 $583 $668 $882 $1,056
Carolina Municipio 1st $556 $583 $668 $882 $1,056
Cataño Municipio 1st $556 $583 $668 $882 $1,056
Comerío Municipio 1st $556 $583 $668 $882 $1,056
Corozal Municipio 1st $556 $583 $668 $882 $1,056
Dorado Municipio 1st $556 $583 $668 $882 $1,056
Florida Municipio 1st $556 $583 $668 $882 $1,056
Guaynabo 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
Las Piedras Municipio 1st $556 $583 $668 $882 $1,056
Loíza Municipio 1st $556 $583 $668 $882 $1,056
Manatí Municipio 1st $556 $583 $668 $882 $1,056
Maunabo Municipio 1st $556 $583 $668 $882 $1,056
Morovis Municipio 1st $556 $583 $668 $882 $1,056
Naguabo Municipio 1st $556 $583 $668 $882 $1,056
Naranjito Municipio 1st $556 $583 $668 $882 $1,056
Río Grande Municipio 1st $556 $583 $668 $882 $1,056
San Juan 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
Trujillo Alto Municipio 1st $556 $583 $668 $882 $1,056
Vega Alta Municipio 1st $556 $583 $668 $882 $1,056
Vega Baja Municipio 1st $556 $583 $668 $882 $1,056
Yabucoa Municipio 1st $556 $583 $668 $882 $1,056
Ceiba Municipio 29th $534 $549 $616 $800 $919
Fajardo Municipio 29th $534 $549 $616 $800 $919
Luquillo Municipio 29th $534 $549 $616 $800 $919
Caguas Municipio 32nd $511 $511 $589 $830 $1,000
Cayey Municipio 32nd $511 $511 $589 $830 $1,000
Cidra Municipio 32nd $511 $511 $589 $830 $1,000
Gurabo Municipio 32nd $511 $511 $589 $830 $1,000
San Lorenzo Municipio 32nd $511 $511 $589 $830 $1,000
Hormigueros Municipio 37th $461 $474 $532 $664 $758
Las Marías Municipio 37th $461 $474 $532 $664 $758
Mayagüez Municipio 37th $461 $474 $532 $664 $758
Aibonito Municipio 40th $450 $458 $526 $636 $732
Barranquitas Municipio 40th $450 $458 $526 $636 $732
Ciales Municipio 40th $450 $458 $526 $636 $732
Orocovis Municipio 40th $450 $458 $526 $636 $732
Adjuntas Municipio 44th $454 $467 $524 $738 $828
Juana Díaz Municipio 44th $454 $467 $524 $738 $828
Ponce Municipio 44th $454 $467 $524 $738 $828
Villalba Municipio 44th $454 $467 $524 $738 $828
Arecibo Municipio 48th $453 $464 $522 $711 $760
Camuy Municipio 48th $453 $464 $522 $711 $760
Hatillo Municipio 48th $453 $464 $522 $711 $760
Quebradillas Municipio 48th $453 $464 $522 $711 $760
Cabo Rojo Municipio 52nd $423 $425 $520 $669 $717
Lajas Municipio 52nd $423 $425 $520 $669 $717
Sabana Grande Municipio 52nd $423 $425 $520 $669 $717
San Germán Municipio 52nd $423 $425 $520 $669 $717
Aguada Municipio 56th $450 $453 $519 $632 $713
Aguadilla Municipio 56th $450 $453 $519 $632 $713
Añasco Municipio 56th $450 $453 $519 $632 $713
Isabela Municipio 56th $450 $453 $519 $632 $713
Lares Municipio 56th $450 $453 $519 $632 $713
Moca Municipio 56th $450 $453 $519 $632 $713
Rincón Municipio 56th $450 $453 $519 $632 $713
San Sebastián Municipio 56th $450 $453 $519 $632 $713
Utuado Municipio 56th $450 $453 $519 $632 $713
Arroyo Municipio 65th $404 $406 $485 $643 $646
Guayama Municipio 65th $404 $406 $485 $643 $646
Patillas Municipio 65th $404 $406 $485 $643 $646
Coamo Municipio 68th $410 $421 $473 $667 $737
Culebra Municipio 68th $410 $421 $473 $667 $737
Guánica Municipio 68th $410 $421 $473 $628 $630
Guayanilla Municipio 68th $410 $421 $473 $628 $630
Jayuya Municipio 68th $410 $421 $473 $667 $737
Maricao Municipio 68th $410 $421 $473 $667 $737
Peñuelas Municipio 68th $410 $421 $473 $628 $630
Salinas Municipio 68th $410 $421 $473 $667 $737
Santa Isabel Municipio 68th $410 $421 $473 $667 $737
Vieques Municipio 68th $410 $421 $473 $667 $737
Yauco Municipio 68th $410 $421 $473 $628 $630

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Data Source

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Fair Market Rents are estimated by the HUD.