Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,241$14,892 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Franklin County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Franklin County, ID
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 | $940 | $11,280 | $37,600 | $18.08/hr |
| 1-Bedroom Apartment | $946 | $11,352 | $37,840 | $18.19/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,241 | $14,892 | $49,640 | $23.87/hr |
| 3-Bedroom Home | $1,726 | $20,712 | $69,040 | $33.19/hr |
| 4-Bedroom Home | $2,082 | $24,984 | $83,280 | $40.04/hr |
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Frequently Asked Questions About Rent in Franklin County, ID
What is the Fair Market Rent for a 2-bedroom in Franklin County, ID?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Franklin County, ID is $1,241 per month ($14,892 per year).
What hourly wage is needed to afford rent in Franklin County, ID?
To comfortably afford a 2-bedroom apartment at $1,241/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.87 per hour ($49,640/year).
What are the HUD Fair Market Rents by bedroom count in Franklin County, ID?
Official 2026 HUD rents in Franklin County, ID are: Studio: $940/mo, 1-Bedroom: $946/mo, 2-Bedroom: $1,241/mo, 3-Bedroom: $1,726/mo, and 4-Bedroom: $2,082/mo.
How do HUD Fair Market Rents compare to local incomes in Franklin County, ID?
At the local Census ACS median household income of $71,950/year ($5,996/month), the benchmark 2-bedroom Fair Market Rent represents 20.7% of monthly income.
How is the 30% housing affordability standard calculated in Franklin County, ID?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,241/month, the required minimum annual gross income is calculated as ($1,241 × 12) ÷ 0.30 = $49,640 per year.