Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,077$12,924 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Dubuque, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Dubuque, IA
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 | $774 | $9,288 | $30,960 | $14.88/hr |
| 1-Bedroom Apartment | $841 | $10,092 | $33,640 | $16.17/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,077 | $12,924 | $43,080 | $20.71/hr |
| 3-Bedroom Home | $1,450 | $17,400 | $58,000 | $27.88/hr |
| 4-Bedroom Home | $1,807 | $21,684 | $72,280 | $34.75/hr |
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Frequently Asked Questions About Rent in Dubuque, IA
What is the Fair Market Rent for a 2-bedroom in Dubuque, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Dubuque, IA is $1,077 per month ($12,924 per year).
What hourly wage is needed to afford rent in Dubuque, IA?
To comfortably afford a 2-bedroom apartment at $1,077/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.71 per hour ($43,080/year).
What are the HUD Fair Market Rents by bedroom count in Dubuque, IA?
Official 2026 HUD rents in Dubuque, IA are: Studio: $774/mo, 1-Bedroom: $841/mo, 2-Bedroom: $1,077/mo, 3-Bedroom: $1,450/mo, and 4-Bedroom: $1,807/mo.
How do HUD Fair Market Rents compare to local incomes in Dubuque, IA?
At the local Census ACS median household income of $65,845/year ($5,487/month), the benchmark 2-bedroom Fair Market Rent represents 19.6% of monthly income.
How is the 30% housing affordability standard calculated in Dubuque, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,077/month, the required minimum annual gross income is calculated as ($1,077 × 12) ÷ 0.30 = $43,080 per year.