Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,204$14,448 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Ascension Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Ascension Parish, LA
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 | $1,032 | $12,384 | $41,280 | $19.85/hr |
| 1-Bedroom Apartment | $1,064 | $12,768 | $42,560 | $20.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,204 | $14,448 | $48,160 | $23.15/hr |
| 3-Bedroom Home | $1,511 | $18,132 | $60,440 | $29.06/hr |
| 4-Bedroom Home | $1,943 | $23,316 | $77,720 | $37.37/hr |
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Frequently Asked Questions About Rent in Ascension Parish, LA
What is the Fair Market Rent for a 2-bedroom in Ascension Parish, LA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Ascension Parish, LA is $1,204 per month ($14,448 per year).
What hourly wage is needed to afford rent in Ascension Parish, LA?
To comfortably afford a 2-bedroom apartment at $1,204/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.15 per hour ($48,160/year).
What are the HUD Fair Market Rents by bedroom count in Ascension Parish, LA?
Official 2026 HUD rents in Ascension Parish, LA are: Studio: $1,032/mo, 1-Bedroom: $1,064/mo, 2-Bedroom: $1,204/mo, 3-Bedroom: $1,511/mo, and 4-Bedroom: $1,943/mo.
How do HUD Fair Market Rents compare to local incomes in Ascension Parish, LA?
At the local Census ACS median household income of $91,549/year ($7,629/month), the benchmark 2-bedroom Fair Market Rent represents 15.8% of monthly income.
How is the 30% housing affordability standard calculated in Ascension Parish, LA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,204/month, the required minimum annual gross income is calculated as ($1,204 × 12) ÷ 0.30 = $48,160 per year.