Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,212$14,544 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Erie, PA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Erie, PA
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 | $836 | $10,032 | $33,440 | $16.08/hr |
| 1-Bedroom Apartment | $945 | $11,340 | $37,800 | $18.17/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,212 | $14,544 | $48,480 | $23.31/hr |
| 3-Bedroom Home | $1,499 | $17,988 | $59,960 | $28.83/hr |
| 4-Bedroom Home | $1,683 | $20,196 | $67,320 | $32.37/hr |
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Pennsylvania:
Frequently Asked Questions About Rent in Erie, PA
What is the Fair Market Rent for a 2-bedroom in Erie, PA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Erie, PA is $1,212 per month ($14,544 per year).
What hourly wage is needed to afford rent in Erie, PA?
To comfortably afford a 2-bedroom apartment at $1,212/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.31 per hour ($48,480/year).
What are the HUD Fair Market Rents by bedroom count in Erie, PA?
Official 2026 HUD rents in Erie, PA are: Studio: $836/mo, 1-Bedroom: $945/mo, 2-Bedroom: $1,212/mo, 3-Bedroom: $1,499/mo, and 4-Bedroom: $1,683/mo.
How do HUD Fair Market Rents compare to local incomes in Erie, PA?
At the local Census ACS median household income of $46,113/year ($3,843/month), the benchmark 2-bedroom Fair Market Rent represents 31.5% of monthly income.
How is the 30% housing affordability standard calculated in Erie, PA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,212/month, the required minimum annual gross income is calculated as ($1,212 × 12) ÷ 0.30 = $48,480 per year.