Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,233$14,796 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cleveland, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cleveland, TN
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 | $850 | $10,200 | $34,000 | $16.35/hr |
| 1-Bedroom Apartment | $940 | $11,280 | $37,600 | $18.08/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,233 | $14,796 | $49,320 | $23.71/hr |
| 3-Bedroom Home | $1,584 | $19,008 | $63,360 | $30.46/hr |
| 4-Bedroom Home | $1,633 | $19,596 | $65,320 | $31.40/hr |
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Frequently Asked Questions About Rent in Cleveland, TN
What is the Fair Market Rent for a 2-bedroom in Cleveland, TN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cleveland, TN is $1,233 per month ($14,796 per year).
What hourly wage is needed to afford rent in Cleveland, TN?
To comfortably afford a 2-bedroom apartment at $1,233/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.71 per hour ($49,320/year).
What are the HUD Fair Market Rents by bedroom count in Cleveland, TN?
Official 2026 HUD rents in Cleveland, TN are: Studio: $850/mo, 1-Bedroom: $940/mo, 2-Bedroom: $1,233/mo, 3-Bedroom: $1,584/mo, and 4-Bedroom: $1,633/mo.
How do HUD Fair Market Rents compare to local incomes in Cleveland, TN?
At the local Census ACS median household income of $58,559/year ($4,880/month), the benchmark 2-bedroom Fair Market Rent represents 25.3% of monthly income.
How is the 30% housing affordability standard calculated in Cleveland, TN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,233/month, the required minimum annual gross income is calculated as ($1,233 × 12) ÷ 0.30 = $49,320 per year.