Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,322$15,864 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Franklin County, ME
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Franklin County, ME
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 | $911 | $10,932 | $36,440 | $17.52/hr |
| 1-Bedroom Apartment | $1,008 | $12,096 | $40,320 | $19.38/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,322 | $15,864 | $52,880 | $25.42/hr |
| 3-Bedroom Home | $1,750 | $21,000 | $70,000 | $33.65/hr |
| 4-Bedroom Home | $1,757 | $21,084 | $70,280 | $33.79/hr |
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Frequently Asked Questions About Rent in Franklin County, ME
What is the Fair Market Rent for a 2-bedroom in Franklin County, ME?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Franklin County, ME is $1,322 per month ($15,864 per year).
What hourly wage is needed to afford rent in Franklin County, ME?
To comfortably afford a 2-bedroom apartment at $1,322/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.42 per hour ($52,880/year).
What are the HUD Fair Market Rents by bedroom count in Franklin County, ME?
Official 2026 HUD rents in Franklin County, ME are: Studio: $911/mo, 1-Bedroom: $1,008/mo, 2-Bedroom: $1,322/mo, 3-Bedroom: $1,750/mo, and 4-Bedroom: $1,757/mo.
How do HUD Fair Market Rents compare to local incomes in Franklin County, ME?
At the local Census ACS median household income of $58,675/year ($4,890/month), the benchmark 2-bedroom Fair Market Rent represents 27% of monthly income.
How is the 30% housing affordability standard calculated in Franklin County, ME?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,322/month, the required minimum annual gross income is calculated as ($1,322 × 12) ÷ 0.30 = $52,880 per year.