Rental Benchmark Overview
2-Bedroom Benchmark Rent
$913$10,956 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Boyle County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Boyle 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 | $693 | $8,316 | $27,720 | $13.33/hr |
| 1-Bedroom Apartment | $698 | $8,376 | $27,920 | $13.42/hr |
| 2-Bedroom ApartmentStandard Benchmark | $913 | $10,956 | $36,520 | $17.56/hr |
| 3-Bedroom Home | $1,200 | $14,400 | $48,000 | $23.08/hr |
| 4-Bedroom Home | $1,351 | $16,212 | $54,040 | $25.98/hr |
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Frequently Asked Questions About Rent in Boyle County, KY
What is the Fair Market Rent for a 2-bedroom in Boyle County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Boyle County, KY is $913 per month ($10,956 per year).
What hourly wage is needed to afford rent in Boyle County, KY?
To comfortably afford a 2-bedroom apartment at $913/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.56 per hour ($36,520/year).
What are the HUD Fair Market Rents by bedroom count in Boyle County, KY?
Official 2026 HUD rents in Boyle County, KY are: Studio: $693/mo, 1-Bedroom: $698/mo, 2-Bedroom: $913/mo, 3-Bedroom: $1,200/mo, and 4-Bedroom: $1,351/mo.
How do HUD Fair Market Rents compare to local incomes in Boyle County, KY?
At the local Census ACS median household income of $61,159/year ($5,097/month), the benchmark 2-bedroom Fair Market Rent represents 17.9% of monthly income.
How is the 30% housing affordability standard calculated in Boyle County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $913/month, the required minimum annual gross income is calculated as ($913 × 12) ÷ 0.30 = $36,520 per year.