Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,042$12,504 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Anderson County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Anderson 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 | $745 | $8,940 | $29,800 | $14.33/hr |
| 1-Bedroom Apartment | $951 | $11,412 | $38,040 | $18.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,042 | $12,504 | $41,680 | $20.04/hr |
| 3-Bedroom Home | $1,323 | $15,876 | $52,920 | $25.44/hr |
| 4-Bedroom Home | $1,454 | $17,448 | $58,160 | $27.96/hr |
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Frequently Asked Questions About Rent in Anderson County, KY
What is the Fair Market Rent for a 2-bedroom in Anderson County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Anderson County, KY is $1,042 per month ($12,504 per year).
What hourly wage is needed to afford rent in Anderson County, KY?
To comfortably afford a 2-bedroom apartment at $1,042/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.04 per hour ($41,680/year).
What are the HUD Fair Market Rents by bedroom count in Anderson County, KY?
Official 2026 HUD rents in Anderson County, KY are: Studio: $745/mo, 1-Bedroom: $951/mo, 2-Bedroom: $1,042/mo, 3-Bedroom: $1,323/mo, and 4-Bedroom: $1,454/mo.
How do HUD Fair Market Rents compare to local incomes in Anderson County, KY?
At the local Census ACS median household income of $74,488/year ($6,207/month), the benchmark 2-bedroom Fair Market Rent represents 16.8% of monthly income.
How is the 30% housing affordability standard calculated in Anderson County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,042/month, the required minimum annual gross income is calculated as ($1,042 × 12) ÷ 0.30 = $41,680 per year.