Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,267$15,204 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Allegan County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Allegan County, MI
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 | $959 | $11,508 | $38,360 | $18.44/hr |
| 1-Bedroom Apartment | $966 | $11,592 | $38,640 | $18.58/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,267 | $15,204 | $50,680 | $24.37/hr |
| 3-Bedroom Home | $1,583 | $18,996 | $63,320 | $30.44/hr |
| 4-Bedroom Home | $1,761 | $21,132 | $70,440 | $33.87/hr |
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Frequently Asked Questions About Rent in Allegan County, MI
What is the Fair Market Rent for a 2-bedroom in Allegan County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Allegan County, MI is $1,267 per month ($15,204 per year).
What hourly wage is needed to afford rent in Allegan County, MI?
To comfortably afford a 2-bedroom apartment at $1,267/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.37 per hour ($50,680/year).
What are the HUD Fair Market Rents by bedroom count in Allegan County, MI?
Official 2026 HUD rents in Allegan County, MI are: Studio: $959/mo, 1-Bedroom: $966/mo, 2-Bedroom: $1,267/mo, 3-Bedroom: $1,583/mo, and 4-Bedroom: $1,761/mo.
How do HUD Fair Market Rents compare to local incomes in Allegan County, MI?
At the local Census ACS median household income of $83,283/year ($6,940/month), the benchmark 2-bedroom Fair Market Rent represents 18.3% of monthly income.
How is the 30% housing affordability standard calculated in Allegan County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,267/month, the required minimum annual gross income is calculated as ($1,267 × 12) ÷ 0.30 = $50,680 per year.