Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,192$14,304 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Elmore County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Elmore County, ID
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 | $902 | $10,824 | $36,080 | $17.35/hr |
| 1-Bedroom Apartment | $908 | $10,896 | $36,320 | $17.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,192 | $14,304 | $47,680 | $22.92/hr |
| 3-Bedroom Home | $1,658 | $19,896 | $66,320 | $31.88/hr |
| 4-Bedroom Home | $2,000 | $24,000 | $80,000 | $38.46/hr |
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Frequently Asked Questions About Rent in Elmore County, ID
What is the Fair Market Rent for a 2-bedroom in Elmore County, ID?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Elmore County, ID is $1,192 per month ($14,304 per year).
What hourly wage is needed to afford rent in Elmore County, ID?
To comfortably afford a 2-bedroom apartment at $1,192/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.92 per hour ($47,680/year).
What are the HUD Fair Market Rents by bedroom count in Elmore County, ID?
Official 2026 HUD rents in Elmore County, ID are: Studio: $902/mo, 1-Bedroom: $908/mo, 2-Bedroom: $1,192/mo, 3-Bedroom: $1,658/mo, and 4-Bedroom: $2,000/mo.
How do HUD Fair Market Rents compare to local incomes in Elmore County, ID?
At the local Census ACS median household income of $65,359/year ($5,447/month), the benchmark 2-bedroom Fair Market Rent represents 21.9% of monthly income.
How is the 30% housing affordability standard calculated in Elmore County, ID?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,192/month, the required minimum annual gross income is calculated as ($1,192 × 12) ÷ 0.30 = $47,680 per year.