Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,044$12,528 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cheyenne County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cheyenne 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 | $790 | $9,480 | $31,600 | $15.19/hr |
| 1-Bedroom Apartment | $796 | $9,552 | $31,840 | $15.31/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,044 | $12,528 | $41,760 | $20.08/hr |
| 3-Bedroom Home | $1,343 | $16,116 | $53,720 | $25.83/hr |
| 4-Bedroom Home | $1,637 | $19,644 | $65,480 | $31.48/hr |
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Frequently Asked Questions About Rent in Cheyenne County, CO
What is the Fair Market Rent for a 2-bedroom in Cheyenne County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cheyenne County, CO is $1,044 per month ($12,528 per year).
What hourly wage is needed to afford rent in Cheyenne County, CO?
To comfortably afford a 2-bedroom apartment at $1,044/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.08 per hour ($41,760/year).
What are the HUD Fair Market Rents by bedroom count in Cheyenne County, CO?
Official 2026 HUD rents in Cheyenne County, CO are: Studio: $790/mo, 1-Bedroom: $796/mo, 2-Bedroom: $1,044/mo, 3-Bedroom: $1,343/mo, and 4-Bedroom: $1,637/mo.
How do HUD Fair Market Rents compare to local incomes in Cheyenne County, CO?
At the local Census ACS median household income of $70,865/year ($5,905/month), the benchmark 2-bedroom Fair Market Rent represents 17.7% of monthly income.
How is the 30% housing affordability standard calculated in Cheyenne County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,044/month, the required minimum annual gross income is calculated as ($1,044 × 12) ÷ 0.30 = $41,760 per year.