Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,000$12,000 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Colbert County, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Colbert County, AL
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 | $698 | $8,376 | $27,920 | $13.42/hr |
| 1-Bedroom Apartment | $775 | $9,300 | $31,000 | $14.90/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,000 | $12,000 | $40,000 | $19.23/hr |
| 3-Bedroom Home | $1,242 | $14,904 | $49,680 | $23.88/hr |
| 4-Bedroom Home | $1,409 | $16,908 | $56,360 | $27.10/hr |
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Frequently Asked Questions About Rent in Colbert County, AL
What is the Fair Market Rent for a 2-bedroom in Colbert County, AL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Colbert County, AL is $1,000 per month ($12,000 per year).
What hourly wage is needed to afford rent in Colbert County, AL?
To comfortably afford a 2-bedroom apartment at $1,000/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.23 per hour ($40,000/year).
What are the HUD Fair Market Rents by bedroom count in Colbert County, AL?
Official 2026 HUD rents in Colbert County, AL are: Studio: $698/mo, 1-Bedroom: $775/mo, 2-Bedroom: $1,000/mo, 3-Bedroom: $1,242/mo, and 4-Bedroom: $1,409/mo.
How do HUD Fair Market Rents compare to local incomes in Colbert County, AL?
At the local Census ACS median household income of $60,628/year ($5,052/month), the benchmark 2-bedroom Fair Market Rent represents 19.8% of monthly income.
How is the 30% housing affordability standard calculated in Colbert County, AL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,000/month, the required minimum annual gross income is calculated as ($1,000 × 12) ÷ 0.30 = $40,000 per year.