Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,035$12,420 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Bureau County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Bureau County, IL
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 | $714 | $8,568 | $28,560 | $13.73/hr |
| 1-Bedroom Apartment | $789 | $9,468 | $31,560 | $15.17/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,035 | $12,420 | $41,400 | $19.90/hr |
| 3-Bedroom Home | $1,278 | $15,336 | $51,120 | $24.58/hr |
| 4-Bedroom Home | $1,433 | $17,196 | $57,320 | $27.56/hr |
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Frequently Asked Questions About Rent in Bureau County, IL
What is the Fair Market Rent for a 2-bedroom in Bureau County, IL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Bureau County, IL is $1,035 per month ($12,420 per year).
What hourly wage is needed to afford rent in Bureau County, IL?
To comfortably afford a 2-bedroom apartment at $1,035/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.90 per hour ($41,400/year).
What are the HUD Fair Market Rents by bedroom count in Bureau County, IL?
Official 2026 HUD rents in Bureau County, IL are: Studio: $714/mo, 1-Bedroom: $789/mo, 2-Bedroom: $1,035/mo, 3-Bedroom: $1,278/mo, and 4-Bedroom: $1,433/mo.
How do HUD Fair Market Rents compare to local incomes in Bureau County, IL?
At the local Census ACS median household income of $69,257/year ($5,771/month), the benchmark 2-bedroom Fair Market Rent represents 17.9% of monthly income.
How is the 30% housing affordability standard calculated in Bureau County, IL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,035/month, the required minimum annual gross income is calculated as ($1,035 × 12) ÷ 0.30 = $41,400 per year.