Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,348$16,176 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Burlington, NC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Burlington, NC
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 | $992 | $11,904 | $39,680 | $19.08/hr |
| 1-Bedroom Apartment | $1,230 | $14,760 | $49,200 | $23.65/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,348 | $16,176 | $53,920 | $25.92/hr |
| 3-Bedroom Home | $1,670 | $20,040 | $66,800 | $32.12/hr |
| 4-Bedroom Home | $1,972 | $23,664 | $78,880 | $37.92/hr |
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Frequently Asked Questions About Rent in Burlington, NC
What is the Fair Market Rent for a 2-bedroom in Burlington, NC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Burlington, NC is $1,348 per month ($16,176 per year).
What hourly wage is needed to afford rent in Burlington, NC?
To comfortably afford a 2-bedroom apartment at $1,348/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.92 per hour ($53,920/year).
What are the HUD Fair Market Rents by bedroom count in Burlington, NC?
Official 2026 HUD rents in Burlington, NC are: Studio: $992/mo, 1-Bedroom: $1,230/mo, 2-Bedroom: $1,348/mo, 3-Bedroom: $1,670/mo, and 4-Bedroom: $1,972/mo.
How do HUD Fair Market Rents compare to local incomes in Burlington, NC?
At the local Census ACS median household income of $56,880/year ($4,740/month), the benchmark 2-bedroom Fair Market Rent represents 28.4% of monthly income.
How is the 30% housing affordability standard calculated in Burlington, NC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,348/month, the required minimum annual gross income is calculated as ($1,348 × 12) ÷ 0.30 = $53,920 per year.