Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,042$12,504 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Callaway County, MO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Callaway County, MO
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 | $789 | $9,468 | $31,560 | $15.17/hr |
| 1-Bedroom Apartment | $794 | $9,528 | $31,760 | $15.27/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,042 | $12,504 | $41,680 | $20.04/hr |
| 3-Bedroom Home | $1,249 | $14,988 | $49,960 | $24.02/hr |
| 4-Bedroom Home | $1,472 | $17,664 | $58,880 | $28.31/hr |
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Frequently Asked Questions About Rent in Callaway County, MO
What is the Fair Market Rent for a 2-bedroom in Callaway County, MO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Callaway County, MO is $1,042 per month ($12,504 per year).
What hourly wage is needed to afford rent in Callaway County, MO?
To comfortably afford a 2-bedroom apartment at $1,042/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.04 per hour ($41,680/year).
What are the HUD Fair Market Rents by bedroom count in Callaway County, MO?
Official 2026 HUD rents in Callaway County, MO are: Studio: $789/mo, 1-Bedroom: $794/mo, 2-Bedroom: $1,042/mo, 3-Bedroom: $1,249/mo, and 4-Bedroom: $1,472/mo.
How do HUD Fair Market Rents compare to local incomes in Callaway County, MO?
At the local Census ACS median household income of $74,176/year ($6,181/month), the benchmark 2-bedroom Fair Market Rent represents 16.9% of monthly income.
How is the 30% housing affordability standard calculated in Callaway County, MO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,042/month, the required minimum annual gross income is calculated as ($1,042 × 12) ÷ 0.30 = $41,680 per year.