Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,138$13,656 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Altoona, PA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Altoona, PA
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 | $802 | $9,624 | $32,080 | $15.42/hr |
| 1-Bedroom Apartment | $948 | $11,376 | $37,920 | $18.23/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,138 | $13,656 | $45,520 | $21.88/hr |
| 3-Bedroom Home | $1,458 | $17,496 | $58,320 | $28.04/hr |
| 4-Bedroom Home | $1,705 | $20,460 | $68,200 | $32.79/hr |
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Frequently Asked Questions About Rent in Altoona, PA
What is the Fair Market Rent for a 2-bedroom in Altoona, PA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Altoona, PA is $1,138 per month ($13,656 per year).
What hourly wage is needed to afford rent in Altoona, PA?
To comfortably afford a 2-bedroom apartment at $1,138/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.88 per hour ($45,520/year).
What are the HUD Fair Market Rents by bedroom count in Altoona, PA?
Official 2026 HUD rents in Altoona, PA are: Studio: $802/mo, 1-Bedroom: $948/mo, 2-Bedroom: $1,138/mo, 3-Bedroom: $1,458/mo, and 4-Bedroom: $1,705/mo.
How do HUD Fair Market Rents compare to local incomes in Altoona, PA?
At the local Census ACS median household income of $51,250/year ($4,271/month), the benchmark 2-bedroom Fair Market Rent represents 26.6% of monthly income.
How is the 30% housing affordability standard calculated in Altoona, PA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,138/month, the required minimum annual gross income is calculated as ($1,138 × 12) ÷ 0.30 = $45,520 per year.