Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,206$14,472 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Benton County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Benton County, MN
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 | $874 | $10,488 | $34,960 | $16.81/hr |
| 1-Bedroom Apartment | $919 | $11,028 | $36,760 | $17.67/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,206 | $14,472 | $48,240 | $23.19/hr |
| 3-Bedroom Home | $1,604 | $19,248 | $64,160 | $30.85/hr |
| 4-Bedroom Home | $1,873 | $22,476 | $74,920 | $36.02/hr |
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Frequently Asked Questions About Rent in Benton County, MN
What is the Fair Market Rent for a 2-bedroom in Benton County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Benton County, MN is $1,206 per month ($14,472 per year).
What hourly wage is needed to afford rent in Benton County, MN?
To comfortably afford a 2-bedroom apartment at $1,206/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.19 per hour ($48,240/year).
What are the HUD Fair Market Rents by bedroom count in Benton County, MN?
Official 2026 HUD rents in Benton County, MN are: Studio: $874/mo, 1-Bedroom: $919/mo, 2-Bedroom: $1,206/mo, 3-Bedroom: $1,604/mo, and 4-Bedroom: $1,873/mo.
How do HUD Fair Market Rents compare to local incomes in Benton County, MN?
At the local Census ACS median household income of $74,410/year ($6,201/month), the benchmark 2-bedroom Fair Market Rent represents 19.4% of monthly income.
How is the 30% housing affordability standard calculated in Benton County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,206/month, the required minimum annual gross income is calculated as ($1,206 × 12) ÷ 0.30 = $48,240 per year.