Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,024$12,288 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cherry County, NE
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cherry County, NE
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 | $710 | $8,520 | $28,400 | $13.65/hr |
| 1-Bedroom Apartment | $780 | $9,360 | $31,200 | $15.00/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,024 | $12,288 | $40,960 | $19.69/hr |
| 3-Bedroom Home | $1,228 | $14,736 | $49,120 | $23.62/hr |
| 4-Bedroom Home | $1,368 | $16,416 | $54,720 | $26.31/hr |
See comprehensive cost of living profile for Cherry County, NE →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Nebraska:
Frequently Asked Questions About Rent in Cherry County, NE
What is the Fair Market Rent for a 2-bedroom in Cherry County, NE?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cherry County, NE is $1,024 per month ($12,288 per year).
What hourly wage is needed to afford rent in Cherry County, NE?
To comfortably afford a 2-bedroom apartment at $1,024/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.69 per hour ($40,960/year).
What are the HUD Fair Market Rents by bedroom count in Cherry County, NE?
Official 2026 HUD rents in Cherry County, NE are: Studio: $710/mo, 1-Bedroom: $780/mo, 2-Bedroom: $1,024/mo, 3-Bedroom: $1,228/mo, and 4-Bedroom: $1,368/mo.
How do HUD Fair Market Rents compare to local incomes in Cherry County, NE?
At the local Census ACS median household income of $66,270/year ($5,523/month), the benchmark 2-bedroom Fair Market Rent represents 18.5% of monthly income.
How is the 30% housing affordability standard calculated in Cherry County, NE?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,024/month, the required minimum annual gross income is calculated as ($1,024 × 12) ÷ 0.30 = $40,960 per year.