Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,694$20,328 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Dane County, WI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Dane County, WI
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 | $1,268 | $15,216 | $50,720 | $24.38/hr |
| 1-Bedroom Apartment | $1,482 | $17,784 | $59,280 | $28.50/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,694 | $20,328 | $67,760 | $32.58/hr |
| 3-Bedroom Home | $2,236 | $26,832 | $89,440 | $43.00/hr |
| 4-Bedroom Home | $2,509 | $30,108 | $100,360 | $48.25/hr |
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Frequently Asked Questions About Rent in Dane County, WI
What is the Fair Market Rent for a 2-bedroom in Dane County, WI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Dane County, WI is $1,694 per month ($20,328 per year).
What hourly wage is needed to afford rent in Dane County, WI?
To comfortably afford a 2-bedroom apartment at $1,694/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $32.58 per hour ($67,760/year).
What are the HUD Fair Market Rents by bedroom count in Dane County, WI?
Official 2026 HUD rents in Dane County, WI are: Studio: $1,268/mo, 1-Bedroom: $1,482/mo, 2-Bedroom: $1,694/mo, 3-Bedroom: $2,236/mo, and 4-Bedroom: $2,509/mo.
How do HUD Fair Market Rents compare to local incomes in Dane County, WI?
At the local Census ACS median household income of $89,975/year ($7,498/month), the benchmark 2-bedroom Fair Market Rent represents 22.6% of monthly income.
How is the 30% housing affordability standard calculated in Dane County, WI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,694/month, the required minimum annual gross income is calculated as ($1,694 × 12) ÷ 0.30 = $67,760 per year.