Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,379$16,548 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Franklin County, PA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Franklin County, PA
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 | $1,014 | $12,168 | $40,560 | $19.50/hr |
| 1-Bedroom Apartment | $1,119 | $13,428 | $44,760 | $21.52/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,379 | $16,548 | $55,160 | $26.52/hr |
| 3-Bedroom Home | $1,825 | $21,900 | $73,000 | $35.10/hr |
| 4-Bedroom Home | $1,991 | $23,892 | $79,640 | $38.29/hr |
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Frequently Asked Questions About Rent in Franklin County, PA
What is the Fair Market Rent for a 2-bedroom in Franklin County, PA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Franklin County, PA is $1,379 per month ($16,548 per year).
What hourly wage is needed to afford rent in Franklin County, PA?
To comfortably afford a 2-bedroom apartment at $1,379/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.52 per hour ($55,160/year).
What are the HUD Fair Market Rents by bedroom count in Franklin County, PA?
Official 2026 HUD rents in Franklin County, PA are: Studio: $1,014/mo, 1-Bedroom: $1,119/mo, 2-Bedroom: $1,379/mo, 3-Bedroom: $1,825/mo, and 4-Bedroom: $1,991/mo.
How do HUD Fair Market Rents compare to local incomes in Franklin County, PA?
At the local Census ACS median household income of $77,003/year ($6,417/month), the benchmark 2-bedroom Fair Market Rent represents 21.5% of monthly income.
How is the 30% housing affordability standard calculated in Franklin County, PA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,379/month, the required minimum annual gross income is calculated as ($1,379 × 12) ÷ 0.30 = $55,160 per year.