Rental Benchmark Overview
2-Bedroom Benchmark Rent
$992$11,904 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Fayette County, OH
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Fayette County, OH
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 | $750 | $9,000 | $30,000 | $14.42/hr |
| 1-Bedroom Apartment | $836 | $10,032 | $33,440 | $16.08/hr |
| 2-Bedroom ApartmentStandard Benchmark | $992 | $11,904 | $39,680 | $19.08/hr |
| 3-Bedroom Home | $1,273 | $15,276 | $50,920 | $24.48/hr |
| 4-Bedroom Home | $1,415 | $16,980 | $56,600 | $27.21/hr |
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Frequently Asked Questions About Rent in Fayette County, OH
What is the Fair Market Rent for a 2-bedroom in Fayette County, OH?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Fayette County, OH is $992 per month ($11,904 per year).
What hourly wage is needed to afford rent in Fayette County, OH?
To comfortably afford a 2-bedroom apartment at $992/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.08 per hour ($39,680/year).
What are the HUD Fair Market Rents by bedroom count in Fayette County, OH?
Official 2026 HUD rents in Fayette County, OH are: Studio: $750/mo, 1-Bedroom: $836/mo, 2-Bedroom: $992/mo, 3-Bedroom: $1,273/mo, and 4-Bedroom: $1,415/mo.
How do HUD Fair Market Rents compare to local incomes in Fayette County, OH?
At the local Census ACS median household income of $63,275/year ($5,273/month), the benchmark 2-bedroom Fair Market Rent represents 18.8% of monthly income.
How is the 30% housing affordability standard calculated in Fayette County, OH?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $992/month, the required minimum annual gross income is calculated as ($992 × 12) ÷ 0.30 = $39,680 per year.