Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,182$14,184 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Bennett County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Bennett County, SD
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 | $815 | $9,780 | $32,600 | $15.67/hr |
| 1-Bedroom Apartment | $901 | $10,812 | $36,040 | $17.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,182 | $14,184 | $47,280 | $22.73/hr |
| 3-Bedroom Home | $1,417 | $17,004 | $56,680 | $27.25/hr |
| 4-Bedroom Home | $1,830 | $21,960 | $73,200 | $35.19/hr |
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Frequently Asked Questions About Rent in Bennett County, SD
What is the Fair Market Rent for a 2-bedroom in Bennett County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Bennett County, SD is $1,182 per month ($14,184 per year).
What hourly wage is needed to afford rent in Bennett County, SD?
To comfortably afford a 2-bedroom apartment at $1,182/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.73 per hour ($47,280/year).
What are the HUD Fair Market Rents by bedroom count in Bennett County, SD?
Official 2026 HUD rents in Bennett County, SD are: Studio: $815/mo, 1-Bedroom: $901/mo, 2-Bedroom: $1,182/mo, 3-Bedroom: $1,417/mo, and 4-Bedroom: $1,830/mo.
How do HUD Fair Market Rents compare to local incomes in Bennett County, SD?
At the local Census ACS median household income of $53,750/year ($4,479/month), the benchmark 2-bedroom Fair Market Rent represents 26.4% of monthly income.
How is the 30% housing affordability standard calculated in Bennett County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,182/month, the required minimum annual gross income is calculated as ($1,182 × 12) ÷ 0.30 = $47,280 per year.