Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,044$12,528 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Bristol city, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Bristol city, VA
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 | $720 | $8,640 | $28,800 | $13.85/hr |
| 1-Bedroom Apartment | $818 | $9,816 | $32,720 | $15.73/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,044 | $12,528 | $41,760 | $20.08/hr |
| 3-Bedroom Home | $1,338 | $16,056 | $53,520 | $25.73/hr |
| 4-Bedroom Home | $1,464 | $17,568 | $58,560 | $28.15/hr |
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Frequently Asked Questions About Rent in Bristol city, VA
What is the Fair Market Rent for a 2-bedroom in Bristol city, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Bristol city, VA is $1,044 per month ($12,528 per year).
What hourly wage is needed to afford rent in Bristol city, VA?
To comfortably afford a 2-bedroom apartment at $1,044/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.08 per hour ($41,760/year).
What are the HUD Fair Market Rents by bedroom count in Bristol city, VA?
Official 2026 HUD rents in Bristol city, VA are: Studio: $720/mo, 1-Bedroom: $818/mo, 2-Bedroom: $1,044/mo, 3-Bedroom: $1,338/mo, and 4-Bedroom: $1,464/mo.
How do HUD Fair Market Rents compare to local incomes in Bristol city, VA?
At the local Census ACS median household income of $50,404/year ($4,200/month), the benchmark 2-bedroom Fair Market Rent represents 24.9% of monthly income.
How is the 30% housing affordability standard calculated in Bristol city, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,044/month, the required minimum annual gross income is calculated as ($1,044 × 12) ÷ 0.30 = $41,760 per year.