Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,688$20,256 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Eugene, OR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Eugene, OR
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 | $1,223 | $14,676 | $48,920 | $23.52/hr |
| 1-Bedroom Apartment | $1,286 | $15,432 | $51,440 | $24.73/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,688 | $20,256 | $67,520 | $32.46/hr |
| 3-Bedroom Home | $2,348 | $28,176 | $93,920 | $45.15/hr |
| 4-Bedroom Home | $2,832 | $33,984 | $113,280 | $54.46/hr |
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Frequently Asked Questions About Rent in Eugene, OR
What is the Fair Market Rent for a 2-bedroom in Eugene, OR?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Eugene, OR is $1,688 per month ($20,256 per year).
What hourly wage is needed to afford rent in Eugene, OR?
To comfortably afford a 2-bedroom apartment at $1,688/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $32.46 per hour ($67,520/year).
What are the HUD Fair Market Rents by bedroom count in Eugene, OR?
Official 2026 HUD rents in Eugene, OR are: Studio: $1,223/mo, 1-Bedroom: $1,286/mo, 2-Bedroom: $1,688/mo, 3-Bedroom: $2,348/mo, and 4-Bedroom: $2,832/mo.
How do HUD Fair Market Rents compare to local incomes in Eugene, OR?
At the local Census ACS median household income of $66,562/year ($5,547/month), the benchmark 2-bedroom Fair Market Rent represents 30.4% of monthly income.
How is the 30% housing affordability standard calculated in Eugene, OR?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,688/month, the required minimum annual gross income is calculated as ($1,688 × 12) ÷ 0.30 = $67,520 per year.