Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,086$13,032 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cheyenne County, NE
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cheyenne 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 | $822 | $9,864 | $32,880 | $15.81/hr |
| 1-Bedroom Apartment | $828 | $9,936 | $33,120 | $15.92/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,086 | $13,032 | $43,440 | $20.88/hr |
| 3-Bedroom Home | $1,302 | $15,624 | $52,080 | $25.04/hr |
| 4-Bedroom Home | $1,438 | $17,256 | $57,520 | $27.65/hr |
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Frequently Asked Questions About Rent in Cheyenne County, NE
What is the Fair Market Rent for a 2-bedroom in Cheyenne County, NE?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cheyenne County, NE is $1,086 per month ($13,032 per year).
What hourly wage is needed to afford rent in Cheyenne County, NE?
To comfortably afford a 2-bedroom apartment at $1,086/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.88 per hour ($43,440/year).
What are the HUD Fair Market Rents by bedroom count in Cheyenne County, NE?
Official 2026 HUD rents in Cheyenne County, NE are: Studio: $822/mo, 1-Bedroom: $828/mo, 2-Bedroom: $1,086/mo, 3-Bedroom: $1,302/mo, and 4-Bedroom: $1,438/mo.
How do HUD Fair Market Rents compare to local incomes in Cheyenne County, NE?
At the local Census ACS median household income of $60,348/year ($5,029/month), the benchmark 2-bedroom Fair Market Rent represents 21.6% of monthly income.
How is the 30% housing affordability standard calculated in Cheyenne County, NE?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,086/month, the required minimum annual gross income is calculated as ($1,086 × 12) ÷ 0.30 = $43,440 per year.