Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,466$17,592 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Chaffee County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Chaffee County, CO
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 | $1,110 | $13,320 | $44,400 | $21.35/hr |
| 1-Bedroom Apartment | $1,117 | $13,404 | $44,680 | $21.48/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,466 | $17,592 | $58,640 | $28.19/hr |
| 3-Bedroom Home | $2,039 | $24,468 | $81,560 | $39.21/hr |
| 4-Bedroom Home | $2,298 | $27,576 | $91,920 | $44.19/hr |
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Frequently Asked Questions About Rent in Chaffee County, CO
What is the Fair Market Rent for a 2-bedroom in Chaffee County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Chaffee County, CO is $1,466 per month ($17,592 per year).
What hourly wage is needed to afford rent in Chaffee County, CO?
To comfortably afford a 2-bedroom apartment at $1,466/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $28.19 per hour ($58,640/year).
What are the HUD Fair Market Rents by bedroom count in Chaffee County, CO?
Official 2026 HUD rents in Chaffee County, CO are: Studio: $1,110/mo, 1-Bedroom: $1,117/mo, 2-Bedroom: $1,466/mo, 3-Bedroom: $2,039/mo, and 4-Bedroom: $2,298/mo.
How do HUD Fair Market Rents compare to local incomes in Chaffee County, CO?
At the local Census ACS median household income of $84,132/year ($7,011/month), the benchmark 2-bedroom Fair Market Rent represents 20.9% of monthly income.
How is the 30% housing affordability standard calculated in Chaffee County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,466/month, the required minimum annual gross income is calculated as ($1,466 × 12) ÷ 0.30 = $58,640 per year.