Rental Benchmark Overview
2-Bedroom Benchmark Rent
$2,140$25,680 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Chittenden County, VT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Chittenden County, VT
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 | $1,497 | $17,964 | $59,880 | $28.79/hr |
| 1-Bedroom Apartment | $1,651 | $19,812 | $66,040 | $31.75/hr |
| 2-Bedroom ApartmentStandard Benchmark | $2,140 | $25,680 | $85,600 | $41.15/hr |
| 3-Bedroom Home | $2,745 | $32,940 | $109,800 | $52.79/hr |
| 4-Bedroom Home | $2,833 | $33,996 | $113,320 | $54.48/hr |
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Frequently Asked Questions About Rent in Chittenden County, VT
What is the Fair Market Rent for a 2-bedroom in Chittenden County, VT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Chittenden County, VT is $2,140 per month ($25,680 per year).
What hourly wage is needed to afford rent in Chittenden County, VT?
To comfortably afford a 2-bedroom apartment at $2,140/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $41.15 per hour ($85,600/year).
What are the HUD Fair Market Rents by bedroom count in Chittenden County, VT?
Official 2026 HUD rents in Chittenden County, VT are: Studio: $1,497/mo, 1-Bedroom: $1,651/mo, 2-Bedroom: $2,140/mo, 3-Bedroom: $2,745/mo, and 4-Bedroom: $2,833/mo.
How do HUD Fair Market Rents compare to local incomes in Chittenden County, VT?
At the local Census ACS median household income of $96,759/year ($8,063/month), the benchmark 2-bedroom Fair Market Rent represents 26.5% of monthly income.
How is the 30% housing affordability standard calculated in Chittenden County, VT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $2,140/month, the required minimum annual gross income is calculated as ($2,140 × 12) ÷ 0.30 = $85,600 per year.