Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,043$12,516 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Delaware County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Delaware County, IN
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 | $803 | $9,636 | $32,120 | $15.44/hr |
| 1-Bedroom Apartment | $845 | $10,140 | $33,800 | $16.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,043 | $12,516 | $41,720 | $20.06/hr |
| 3-Bedroom Home | $1,349 | $16,188 | $53,960 | $25.94/hr |
| 4-Bedroom Home | $1,685 | $20,220 | $67,400 | $32.40/hr |
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Frequently Asked Questions About Rent in Delaware County, IN
What is the Fair Market Rent for a 2-bedroom in Delaware County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Delaware County, IN is $1,043 per month ($12,516 per year).
What hourly wage is needed to afford rent in Delaware County, IN?
To comfortably afford a 2-bedroom apartment at $1,043/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.06 per hour ($41,720/year).
What are the HUD Fair Market Rents by bedroom count in Delaware County, IN?
Official 2026 HUD rents in Delaware County, IN are: Studio: $803/mo, 1-Bedroom: $845/mo, 2-Bedroom: $1,043/mo, 3-Bedroom: $1,349/mo, and 4-Bedroom: $1,685/mo.
How do HUD Fair Market Rents compare to local incomes in Delaware County, IN?
At the local Census ACS median household income of $58,127/year ($4,844/month), the benchmark 2-bedroom Fair Market Rent represents 21.5% of monthly income.
How is the 30% housing affordability standard calculated in Delaware County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,043/month, the required minimum annual gross income is calculated as ($1,043 × 12) ÷ 0.30 = $41,720 per year.