Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,020$12,240 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Franklin County, KS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Franklin County, KS
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 | $784 | $9,408 | $31,360 | $15.08/hr |
| 1-Bedroom Apartment | $789 | $9,468 | $31,560 | $15.17/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,020 | $12,240 | $40,800 | $19.62/hr |
| 3-Bedroom Home | $1,223 | $14,676 | $48,920 | $23.52/hr |
| 4-Bedroom Home | $1,360 | $16,320 | $54,400 | $26.15/hr |
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Frequently Asked Questions About Rent in Franklin County, KS
What is the Fair Market Rent for a 2-bedroom in Franklin County, KS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Franklin County, KS is $1,020 per month ($12,240 per year).
What hourly wage is needed to afford rent in Franklin County, KS?
To comfortably afford a 2-bedroom apartment at $1,020/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.62 per hour ($40,800/year).
What are the HUD Fair Market Rents by bedroom count in Franklin County, KS?
Official 2026 HUD rents in Franklin County, KS are: Studio: $784/mo, 1-Bedroom: $789/mo, 2-Bedroom: $1,020/mo, 3-Bedroom: $1,223/mo, and 4-Bedroom: $1,360/mo.
How do HUD Fair Market Rents compare to local incomes in Franklin County, KS?
At the local Census ACS median household income of $77,207/year ($6,434/month), the benchmark 2-bedroom Fair Market Rent represents 15.9% of monthly income.
How is the 30% housing affordability standard calculated in Franklin County, KS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,020/month, the required minimum annual gross income is calculated as ($1,020 × 12) ÷ 0.30 = $40,800 per year.