Cheyenne County, NE: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,1342-bedroom FMR, FY2027

$8671-bedroom FMR, FY2027

$75,30080% income limit, family of 4 (FY2026)

$84,600Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Cheyenne County is $1,134 a month, up 4.4% from $1,086 in FY2026. Cheyenne County belongs to the Cheyenne County, NE FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Cheyenne County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$861	$822	+4.7%	$775 – $947
1 bedroom	$867	$828	+4.7%	$781 – $953
2 bedrooms	$1,134	$1,086	+4.4%	$1,021 – $1,247
3 bedrooms	$1,351	$1,302	+3.8%	$1,216 – $1,486
4 bedrooms	$1,490	$1,438	+3.6%	$1,341 – $1,639

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Cheyenne County that is typically $1,021 to $1,247 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$36,775median income of renter households

$821Median gross rent, all units

27%Rent-to-income ratio (median rent ÷ median renter income)

43%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $36,775 can afford about $919 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,134 is $215 (23.3%) more than that. To rent a two-bedroom at the FMR, a household needs $45,360 a year under the 30% rule, or $40,824 under the common landlord rule that income must be three times the rent.

Cheyenne County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$821 ±$51
Median income of renter households	$36,775 ±$6,953
Renters paying 30% or more of income (cost-burdened)	42.7% ±7.7
Renters paying 50% or more (severely cost-burdened)	20.0% ±5.3
Renter households (where the share can be computed)	1,358

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$792	$821	+3.7%
Median renter household income	$37,575	$36,775	−2.1%
Renters paying 30%+ of income	33.5%	42.7%	+9.2 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Cheyenne County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $84,600 (FY2025: $84,700, −0.1%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$19,800 +3.9%	$22,600 +3.9%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$32,950 +3.9%	$37,650 +4.0%	$42,350 +3.9%	$47,050 +4.0%	$50,850 +4.0%	$54,600 +4.0%	$58,350 +4.0%	$62,150 +4.0%
Low income (80%)	$52,750 +4.0%	$60,250 +4.0%	$67,800 +4.0%	$75,300 +4.0%	$81,350 +4.0%	$87,350 +4.0%	$93,400 +4.0%	$99,400 +4.0%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.