Rental Benchmark Overview
2-Bedroom Benchmark Rent
$975$11,700 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Chautauqua County, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Chautauqua County, NY
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 | $680 | $8,160 | $27,200 | $13.08/hr |
| 1-Bedroom Apartment | $754 | $9,048 | $30,160 | $14.50/hr |
| 2-Bedroom ApartmentStandard Benchmark | $975 | $11,700 | $39,000 | $18.75/hr |
| 3-Bedroom Home | $1,287 | $15,444 | $51,480 | $24.75/hr |
| 4-Bedroom Home | $1,291 | $15,492 | $51,640 | $24.83/hr |
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Frequently Asked Questions About Rent in Chautauqua County, NY
What is the Fair Market Rent for a 2-bedroom in Chautauqua County, NY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Chautauqua County, NY is $975 per month ($11,700 per year).
What hourly wage is needed to afford rent in Chautauqua County, NY?
To comfortably afford a 2-bedroom apartment at $975/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.75 per hour ($39,000/year).
What are the HUD Fair Market Rents by bedroom count in Chautauqua County, NY?
Official 2026 HUD rents in Chautauqua County, NY are: Studio: $680/mo, 1-Bedroom: $754/mo, 2-Bedroom: $975/mo, 3-Bedroom: $1,287/mo, and 4-Bedroom: $1,291/mo.
How do HUD Fair Market Rents compare to local incomes in Chautauqua County, NY?
At the local Census ACS median household income of $58,351/year ($4,863/month), the benchmark 2-bedroom Fair Market Rent represents 20.1% of monthly income.
How is the 30% housing affordability standard calculated in Chautauqua County, NY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $975/month, the required minimum annual gross income is calculated as ($975 × 12) ÷ 0.30 = $39,000 per year.