Rental Benchmark Overview
2-Bedroom Benchmark Rent
$902$10,824 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Chesterfield County, SC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Chesterfield County, SC
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 | $678 | $8,136 | $27,120 | $13.04/hr |
| 1-Bedroom Apartment | $687 | $8,244 | $27,480 | $13.21/hr |
| 2-Bedroom ApartmentStandard Benchmark | $902 | $10,824 | $36,080 | $17.35/hr |
| 3-Bedroom Home | $1,169 | $14,028 | $46,760 | $22.48/hr |
| 4-Bedroom Home | $1,293 | $15,516 | $51,720 | $24.87/hr |
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Frequently Asked Questions About Rent in Chesterfield County, SC
What is the Fair Market Rent for a 2-bedroom in Chesterfield County, SC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Chesterfield County, SC is $902 per month ($10,824 per year).
What hourly wage is needed to afford rent in Chesterfield County, SC?
To comfortably afford a 2-bedroom apartment at $902/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.35 per hour ($36,080/year).
What are the HUD Fair Market Rents by bedroom count in Chesterfield County, SC?
Official 2026 HUD rents in Chesterfield County, SC are: Studio: $678/mo, 1-Bedroom: $687/mo, 2-Bedroom: $902/mo, 3-Bedroom: $1,169/mo, and 4-Bedroom: $1,293/mo.
How do HUD Fair Market Rents compare to local incomes in Chesterfield County, SC?
At the local Census ACS median household income of $49,235/year ($4,103/month), the benchmark 2-bedroom Fair Market Rent represents 22% of monthly income.
How is the 30% housing affordability standard calculated in Chesterfield County, SC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $902/month, the required minimum annual gross income is calculated as ($902 × 12) ÷ 0.30 = $36,080 per year.