Rental Benchmark Overview
2-Bedroom Benchmark Rent
$916$10,992 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Fayette County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Fayette County, IL
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 | $722 | $8,664 | $28,880 | $13.88/hr |
| 1-Bedroom Apartment | $750 | $9,000 | $30,000 | $14.42/hr |
| 2-Bedroom ApartmentStandard Benchmark | $916 | $10,992 | $36,640 | $17.62/hr |
| 3-Bedroom Home | $1,183 | $14,196 | $47,320 | $22.75/hr |
| 4-Bedroom Home | $1,293 | $15,516 | $51,720 | $24.87/hr |
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Frequently Asked Questions About Rent in Fayette County, IL
What is the Fair Market Rent for a 2-bedroom in Fayette County, IL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Fayette County, IL is $916 per month ($10,992 per year).
What hourly wage is needed to afford rent in Fayette County, IL?
To comfortably afford a 2-bedroom apartment at $916/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.62 per hour ($36,640/year).
What are the HUD Fair Market Rents by bedroom count in Fayette County, IL?
Official 2026 HUD rents in Fayette County, IL are: Studio: $722/mo, 1-Bedroom: $750/mo, 2-Bedroom: $916/mo, 3-Bedroom: $1,183/mo, and 4-Bedroom: $1,293/mo.
How do HUD Fair Market Rents compare to local incomes in Fayette County, IL?
At the local Census ACS median household income of $60,944/year ($5,079/month), the benchmark 2-bedroom Fair Market Rent represents 18% of monthly income.
How is the 30% housing affordability standard calculated in Fayette County, IL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $916/month, the required minimum annual gross income is calculated as ($916 × 12) ÷ 0.30 = $36,640 per year.