Rental Benchmark Overview
2-Bedroom Benchmark Rent
$996$11,952 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Allen County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Allen County, KY
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 | $759 | $9,108 | $30,360 | $14.60/hr |
| 1-Bedroom Apartment | $759 | $9,108 | $30,360 | $14.60/hr |
| 2-Bedroom ApartmentStandard Benchmark | $996 | $11,952 | $39,840 | $19.15/hr |
| 3-Bedroom Home | $1,224 | $14,688 | $48,960 | $23.54/hr |
| 4-Bedroom Home | $1,520 | $18,240 | $60,800 | $29.23/hr |
See comprehensive cost of living profile for Allen County, KY →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Kentucky:
Frequently Asked Questions About Rent in Allen County, KY
What is the Fair Market Rent for a 2-bedroom in Allen County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Allen County, KY is $996 per month ($11,952 per year).
What hourly wage is needed to afford rent in Allen County, KY?
To comfortably afford a 2-bedroom apartment at $996/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.15 per hour ($39,840/year).
What are the HUD Fair Market Rents by bedroom count in Allen County, KY?
Official 2026 HUD rents in Allen County, KY are: Studio: $759/mo, 1-Bedroom: $759/mo, 2-Bedroom: $996/mo, 3-Bedroom: $1,224/mo, and 4-Bedroom: $1,520/mo.
How do HUD Fair Market Rents compare to local incomes in Allen County, KY?
At the local Census ACS median household income of $61,403/year ($5,117/month), the benchmark 2-bedroom Fair Market Rent represents 19.5% of monthly income.
How is the 30% housing affordability standard calculated in Allen County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $996/month, the required minimum annual gross income is calculated as ($996 × 12) ÷ 0.30 = $39,840 per year.