Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,735$20,820 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in El Paso County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: El Paso County, CO
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 | $1,196 | $14,352 | $47,840 | $23.00/hr |
| 1-Bedroom Apartment | $1,464 | $17,568 | $58,560 | $28.15/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,735 | $20,820 | $69,400 | $33.37/hr |
| 3-Bedroom Home | $2,413 | $28,956 | $96,520 | $46.40/hr |
| 4-Bedroom Home | $2,744 | $32,928 | $109,760 | $52.77/hr |
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Frequently Asked Questions About Rent in El Paso County, CO
What is the Fair Market Rent for a 2-bedroom in El Paso County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in El Paso County, CO is $1,735 per month ($20,820 per year).
What hourly wage is needed to afford rent in El Paso County, CO?
To comfortably afford a 2-bedroom apartment at $1,735/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $33.37 per hour ($69,400/year).
What are the HUD Fair Market Rents by bedroom count in El Paso County, CO?
Official 2026 HUD rents in El Paso County, CO are: Studio: $1,196/mo, 1-Bedroom: $1,464/mo, 2-Bedroom: $1,735/mo, 3-Bedroom: $2,413/mo, and 4-Bedroom: $2,744/mo.
How do HUD Fair Market Rents compare to local incomes in El Paso County, CO?
At the local Census ACS median household income of $90,363/year ($7,530/month), the benchmark 2-bedroom Fair Market Rent represents 23% of monthly income.
How is the 30% housing affordability standard calculated in El Paso County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,735/month, the required minimum annual gross income is calculated as ($1,735 × 12) ÷ 0.30 = $69,400 per year.