Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,186$14,232 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Franklin County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Franklin County, FL
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 | $1,033 | $12,396 | $41,320 | $19.87/hr |
| 1-Bedroom Apartment | $1,058 | $12,696 | $42,320 | $20.35/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,186 | $14,232 | $47,440 | $22.81/hr |
| 3-Bedroom Home | $1,564 | $18,768 | $62,560 | $30.08/hr |
| 4-Bedroom Home | $1,570 | $18,840 | $62,800 | $30.19/hr |
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Frequently Asked Questions About Rent in Franklin County, FL
What is the Fair Market Rent for a 2-bedroom in Franklin County, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Franklin County, FL is $1,186 per month ($14,232 per year).
What hourly wage is needed to afford rent in Franklin County, FL?
To comfortably afford a 2-bedroom apartment at $1,186/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.81 per hour ($47,440/year).
What are the HUD Fair Market Rents by bedroom count in Franklin County, FL?
Official 2026 HUD rents in Franklin County, FL are: Studio: $1,033/mo, 1-Bedroom: $1,058/mo, 2-Bedroom: $1,186/mo, 3-Bedroom: $1,564/mo, and 4-Bedroom: $1,570/mo.
How do HUD Fair Market Rents compare to local incomes in Franklin County, FL?
At the local Census ACS median household income of $64,105/year ($5,342/month), the benchmark 2-bedroom Fair Market Rent represents 22.2% of monthly income.
How is the 30% housing affordability standard calculated in Franklin County, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,186/month, the required minimum annual gross income is calculated as ($1,186 × 12) ÷ 0.30 = $47,440 per year.