Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,152$13,824 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Fall River County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Fall River County, SD
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 | $794 | $9,528 | $31,760 | $15.27/hr |
| 1-Bedroom Apartment | $878 | $10,536 | $35,120 | $16.88/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,152 | $13,824 | $46,080 | $22.15/hr |
| 3-Bedroom Home | $1,381 | $16,572 | $55,240 | $26.56/hr |
| 4-Bedroom Home | $1,783 | $21,396 | $71,320 | $34.29/hr |
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Frequently Asked Questions About Rent in Fall River County, SD
What is the Fair Market Rent for a 2-bedroom in Fall River County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Fall River County, SD is $1,152 per month ($13,824 per year).
What hourly wage is needed to afford rent in Fall River County, SD?
To comfortably afford a 2-bedroom apartment at $1,152/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.15 per hour ($46,080/year).
What are the HUD Fair Market Rents by bedroom count in Fall River County, SD?
Official 2026 HUD rents in Fall River County, SD are: Studio: $794/mo, 1-Bedroom: $878/mo, 2-Bedroom: $1,152/mo, 3-Bedroom: $1,381/mo, and 4-Bedroom: $1,783/mo.
How do HUD Fair Market Rents compare to local incomes in Fall River County, SD?
At the local Census ACS median household income of $67,917/year ($5,660/month), the benchmark 2-bedroom Fair Market Rent represents 20.4% of monthly income.
How is the 30% housing affordability standard calculated in Fall River County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,152/month, the required minimum annual gross income is calculated as ($1,152 × 12) ÷ 0.30 = $46,080 per year.