Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,538$18,456 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Franklin County, WA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Franklin County, WA
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 | $1,122 | $13,464 | $44,880 | $21.58/hr |
| 1-Bedroom Apartment | $1,268 | $15,216 | $50,720 | $24.38/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,538 | $18,456 | $61,520 | $29.58/hr |
| 3-Bedroom Home | $2,071 | $24,852 | $82,840 | $39.83/hr |
| 4-Bedroom Home | $2,385 | $28,620 | $95,400 | $45.87/hr |
See comprehensive cost of living profile for Franklin County, WA →
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Frequently Asked Questions About Rent in Franklin County, WA
What is the Fair Market Rent for a 2-bedroom in Franklin County, WA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Franklin County, WA is $1,538 per month ($18,456 per year).
What hourly wage is needed to afford rent in Franklin County, WA?
To comfortably afford a 2-bedroom apartment at $1,538/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $29.58 per hour ($61,520/year).
What are the HUD Fair Market Rents by bedroom count in Franklin County, WA?
Official 2026 HUD rents in Franklin County, WA are: Studio: $1,122/mo, 1-Bedroom: $1,268/mo, 2-Bedroom: $1,538/mo, 3-Bedroom: $2,071/mo, and 4-Bedroom: $2,385/mo.
How do HUD Fair Market Rents compare to local incomes in Franklin County, WA?
At the local Census ACS median household income of $86,714/year ($7,226/month), the benchmark 2-bedroom Fair Market Rent represents 21.3% of monthly income.
How is the 30% housing affordability standard calculated in Franklin County, WA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,538/month, the required minimum annual gross income is calculated as ($1,538 × 12) ÷ 0.30 = $61,520 per year.