Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,098$13,176 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Calloway County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Calloway 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 | $785 | $9,420 | $31,400 | $15.10/hr |
| 1-Bedroom Apartment | $837 | $10,044 | $33,480 | $16.10/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,098 | $13,176 | $43,920 | $21.12/hr |
| 3-Bedroom Home | $1,317 | $15,804 | $52,680 | $25.33/hr |
| 4-Bedroom Home | $1,454 | $17,448 | $58,160 | $27.96/hr |
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Frequently Asked Questions About Rent in Calloway County, KY
What is the Fair Market Rent for a 2-bedroom in Calloway County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Calloway County, KY is $1,098 per month ($13,176 per year).
What hourly wage is needed to afford rent in Calloway County, KY?
To comfortably afford a 2-bedroom apartment at $1,098/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.12 per hour ($43,920/year).
What are the HUD Fair Market Rents by bedroom count in Calloway County, KY?
Official 2026 HUD rents in Calloway County, KY are: Studio: $785/mo, 1-Bedroom: $837/mo, 2-Bedroom: $1,098/mo, 3-Bedroom: $1,317/mo, and 4-Bedroom: $1,454/mo.
How do HUD Fair Market Rents compare to local incomes in Calloway County, KY?
At the local Census ACS median household income of $52,706/year ($4,392/month), the benchmark 2-bedroom Fair Market Rent represents 25% of monthly income.
How is the 30% housing affordability standard calculated in Calloway County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,098/month, the required minimum annual gross income is calculated as ($1,098 × 12) ÷ 0.30 = $43,920 per year.