Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,268$15,216 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Akron, OH
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Akron, OH
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $904 | $10,848 | $36,160 | $17.38/hr |
| 1-Bedroom Apartment | $985 | $11,820 | $39,400 | $18.94/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,268 | $15,216 | $50,720 | $24.38/hr |
| 3-Bedroom Home | $1,547 | $18,564 | $61,880 | $29.75/hr |
| 4-Bedroom Home | $1,681 | $20,172 | $67,240 | $32.33/hr |
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Frequently Asked Questions About Rent in Akron, OH
What is the Fair Market Rent for a 2-bedroom in Akron, OH?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Akron, OH is $1,268 per month ($15,216 per year).
What hourly wage is needed to afford rent in Akron, OH?
To comfortably afford a 2-bedroom apartment at $1,268/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.38 per hour ($50,720/year).
What are the HUD Fair Market Rents by bedroom count in Akron, OH?
Official 2026 HUD rents in Akron, OH are: Studio: $904/mo, 1-Bedroom: $985/mo, 2-Bedroom: $1,268/mo, 3-Bedroom: $1,547/mo, and 4-Bedroom: $1,681/mo.
How do HUD Fair Market Rents compare to local incomes in Akron, OH?
At the local Census ACS median household income of $48,076/year ($4,006/month), the benchmark 2-bedroom Fair Market Rent represents 31.6% of monthly income.
How is the 30% housing affordability standard calculated in Akron, OH?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,268/month, the required minimum annual gross income is calculated as ($1,268 × 12) ÷ 0.30 = $50,720 per year.