Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,343$16,116 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Erie County, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Erie County, NY
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 | $1,105 | $13,260 | $44,200 | $21.25/hr |
| 1-Bedroom Apartment | $1,139 | $13,668 | $45,560 | $21.90/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,343 | $16,116 | $53,720 | $25.83/hr |
| 3-Bedroom Home | $1,640 | $19,680 | $65,600 | $31.54/hr |
| 4-Bedroom Home | $1,869 | $22,428 | $74,760 | $35.94/hr |
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Frequently Asked Questions About Rent in Erie County, NY
What is the Fair Market Rent for a 2-bedroom in Erie County, NY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Erie County, NY is $1,343 per month ($16,116 per year).
What hourly wage is needed to afford rent in Erie County, NY?
To comfortably afford a 2-bedroom apartment at $1,343/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.83 per hour ($53,720/year).
What are the HUD Fair Market Rents by bedroom count in Erie County, NY?
Official 2026 HUD rents in Erie County, NY are: Studio: $1,105/mo, 1-Bedroom: $1,139/mo, 2-Bedroom: $1,343/mo, 3-Bedroom: $1,640/mo, and 4-Bedroom: $1,869/mo.
How do HUD Fair Market Rents compare to local incomes in Erie County, NY?
At the local Census ACS median household income of $72,839/year ($6,070/month), the benchmark 2-bedroom Fair Market Rent represents 22.1% of monthly income.
How is the 30% housing affordability standard calculated in Erie County, NY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,343/month, the required minimum annual gross income is calculated as ($1,343 × 12) ÷ 0.30 = $53,720 per year.