Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,676$20,112 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Fairbanks North Star Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Fairbanks North Star Borough, AK
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 | $1,156 | $13,872 | $46,240 | $22.23/hr |
| 1-Bedroom Apartment | $1,277 | $15,324 | $51,080 | $24.56/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,676 | $20,112 | $67,040 | $32.23/hr |
| 3-Bedroom Home | $2,331 | $27,972 | $93,240 | $44.83/hr |
| 4-Bedroom Home | $2,812 | $33,744 | $112,480 | $54.08/hr |
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Frequently Asked Questions About Rent in Fairbanks North Star Borough, AK
What is the Fair Market Rent for a 2-bedroom in Fairbanks North Star Borough, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Fairbanks North Star Borough, AK is $1,676 per month ($20,112 per year).
What hourly wage is needed to afford rent in Fairbanks North Star Borough, AK?
To comfortably afford a 2-bedroom apartment at $1,676/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $32.23 per hour ($67,040/year).
What are the HUD Fair Market Rents by bedroom count in Fairbanks North Star Borough, AK?
Official 2026 HUD rents in Fairbanks North Star Borough, AK are: Studio: $1,156/mo, 1-Bedroom: $1,277/mo, 2-Bedroom: $1,676/mo, 3-Bedroom: $2,331/mo, and 4-Bedroom: $2,812/mo.
How do HUD Fair Market Rents compare to local incomes in Fairbanks North Star Borough, AK?
At the local Census ACS median household income of $88,267/year ($7,356/month), the benchmark 2-bedroom Fair Market Rent represents 22.8% of monthly income.
How is the 30% housing affordability standard calculated in Fairbanks North Star Borough, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,676/month, the required minimum annual gross income is calculated as ($1,676 × 12) ÷ 0.30 = $67,040 per year.