Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,129$13,548 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Albany, GA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Albany, GA
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 | $966 | $11,592 | $38,640 | $18.58/hr |
| 1-Bedroom Apartment | $1,006 | $12,072 | $40,240 | $19.35/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,129 | $13,548 | $45,160 | $21.71/hr |
| 3-Bedroom Home | $1,534 | $18,408 | $61,360 | $29.50/hr |
| 4-Bedroom Home | $1,858 | $22,296 | $74,320 | $35.73/hr |
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Frequently Asked Questions About Rent in Albany, GA
What is the Fair Market Rent for a 2-bedroom in Albany, GA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Albany, GA is $1,129 per month ($13,548 per year).
What hourly wage is needed to afford rent in Albany, GA?
To comfortably afford a 2-bedroom apartment at $1,129/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.71 per hour ($45,160/year).
What are the HUD Fair Market Rents by bedroom count in Albany, GA?
Official 2026 HUD rents in Albany, GA are: Studio: $966/mo, 1-Bedroom: $1,006/mo, 2-Bedroom: $1,129/mo, 3-Bedroom: $1,534/mo, and 4-Bedroom: $1,858/mo.
How do HUD Fair Market Rents compare to local incomes in Albany, GA?
At the local Census ACS median household income of $47,240/year ($3,937/month), the benchmark 2-bedroom Fair Market Rent represents 28.7% of monthly income.
How is the 30% housing affordability standard calculated in Albany, GA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,129/month, the required minimum annual gross income is calculated as ($1,129 × 12) ÷ 0.30 = $45,160 per year.