Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,709$20,508 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Carver County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Carver County, MN
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 | $1,242 | $14,904 | $49,680 | $23.88/hr |
| 1-Bedroom Apartment | $1,405 | $16,860 | $56,200 | $27.02/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,709 | $20,508 | $68,360 | $32.87/hr |
| 3-Bedroom Home | $2,262 | $27,144 | $90,480 | $43.50/hr |
| 4-Bedroom Home | $2,531 | $30,372 | $101,240 | $48.67/hr |
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Frequently Asked Questions About Rent in Carver County, MN
What is the Fair Market Rent for a 2-bedroom in Carver County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Carver County, MN is $1,709 per month ($20,508 per year).
What hourly wage is needed to afford rent in Carver County, MN?
To comfortably afford a 2-bedroom apartment at $1,709/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $32.87 per hour ($68,360/year).
What are the HUD Fair Market Rents by bedroom count in Carver County, MN?
Official 2026 HUD rents in Carver County, MN are: Studio: $1,242/mo, 1-Bedroom: $1,405/mo, 2-Bedroom: $1,709/mo, 3-Bedroom: $2,262/mo, and 4-Bedroom: $2,531/mo.
How do HUD Fair Market Rents compare to local incomes in Carver County, MN?
At the local Census ACS median household income of $125,946/year ($10,496/month), the benchmark 2-bedroom Fair Market Rent represents 16.3% of monthly income.
How is the 30% housing affordability standard calculated in Carver County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,709/month, the required minimum annual gross income is calculated as ($1,709 × 12) ÷ 0.30 = $68,360 per year.