Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,530$18,360 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Elko County, NV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Elko County, NV
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 | $1,055 | $12,660 | $42,200 | $20.29/hr |
| 1-Bedroom Apartment | $1,166 | $13,992 | $46,640 | $22.42/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,530 | $18,360 | $61,200 | $29.42/hr |
| 3-Bedroom Home | $1,933 | $23,196 | $77,320 | $37.17/hr |
| 4-Bedroom Home | $2,567 | $30,804 | $102,680 | $49.37/hr |
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Frequently Asked Questions About Rent in Elko County, NV
What is the Fair Market Rent for a 2-bedroom in Elko County, NV?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Elko County, NV is $1,530 per month ($18,360 per year).
What hourly wage is needed to afford rent in Elko County, NV?
To comfortably afford a 2-bedroom apartment at $1,530/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $29.42 per hour ($61,200/year).
What are the HUD Fair Market Rents by bedroom count in Elko County, NV?
Official 2026 HUD rents in Elko County, NV are: Studio: $1,055/mo, 1-Bedroom: $1,166/mo, 2-Bedroom: $1,530/mo, 3-Bedroom: $1,933/mo, and 4-Bedroom: $2,567/mo.
How do HUD Fair Market Rents compare to local incomes in Elko County, NV?
At the local Census ACS median household income of $86,487/year ($7,207/month), the benchmark 2-bedroom Fair Market Rent represents 21.2% of monthly income.
How is the 30% housing affordability standard calculated in Elko County, NV?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,530/month, the required minimum annual gross income is calculated as ($1,530 × 12) ÷ 0.30 = $61,200 per year.