Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,044$12,528 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Franklin County, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Franklin County, NY
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 | $720 | $8,640 | $28,800 | $13.85/hr |
| 1-Bedroom Apartment | $862 | $10,344 | $34,480 | $16.58/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,044 | $12,528 | $41,760 | $20.08/hr |
| 3-Bedroom Home | $1,299 | $15,588 | $51,960 | $24.98/hr |
| 4-Bedroom Home | $1,489 | $17,868 | $59,560 | $28.63/hr |
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Frequently Asked Questions About Rent in Franklin County, NY
What is the Fair Market Rent for a 2-bedroom in Franklin County, NY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Franklin County, NY is $1,044 per month ($12,528 per year).
What hourly wage is needed to afford rent in Franklin County, NY?
To comfortably afford a 2-bedroom apartment at $1,044/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.08 per hour ($41,760/year).
What are the HUD Fair Market Rents by bedroom count in Franklin County, NY?
Official 2026 HUD rents in Franklin County, NY are: Studio: $720/mo, 1-Bedroom: $862/mo, 2-Bedroom: $1,044/mo, 3-Bedroom: $1,299/mo, and 4-Bedroom: $1,489/mo.
How do HUD Fair Market Rents compare to local incomes in Franklin County, NY?
At the local Census ACS median household income of $65,151/year ($5,429/month), the benchmark 2-bedroom Fair Market Rent represents 19.2% of monthly income.
How is the 30% housing affordability standard calculated in Franklin County, NY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,044/month, the required minimum annual gross income is calculated as ($1,044 × 12) ÷ 0.30 = $41,760 per year.