Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,183$14,196 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Elkhart County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Elkhart 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 | $968 | $11,616 | $38,720 | $18.62/hr |
| 1-Bedroom Apartment | $992 | $11,904 | $39,680 | $19.08/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,183 | $14,196 | $47,320 | $22.75/hr |
| 3-Bedroom Home | $1,553 | $18,636 | $62,120 | $29.87/hr |
| 4-Bedroom Home | $1,581 | $18,972 | $63,240 | $30.40/hr |
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Frequently Asked Questions About Rent in Elkhart County, IN
What is the Fair Market Rent for a 2-bedroom in Elkhart County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Elkhart County, IN is $1,183 per month ($14,196 per year).
What hourly wage is needed to afford rent in Elkhart County, IN?
To comfortably afford a 2-bedroom apartment at $1,183/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.75 per hour ($47,320/year).
What are the HUD Fair Market Rents by bedroom count in Elkhart County, IN?
Official 2026 HUD rents in Elkhart County, IN are: Studio: $968/mo, 1-Bedroom: $992/mo, 2-Bedroom: $1,183/mo, 3-Bedroom: $1,553/mo, and 4-Bedroom: $1,581/mo.
How do HUD Fair Market Rents compare to local incomes in Elkhart County, IN?
At the local Census ACS median household income of $68,561/year ($5,713/month), the benchmark 2-bedroom Fair Market Rent represents 20.7% of monthly income.
How is the 30% housing affordability standard calculated in Elkhart County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,183/month, the required minimum annual gross income is calculated as ($1,183 × 12) ÷ 0.30 = $47,320 per year.