Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,514$18,168 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Gainesville, GA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Gainesville, GA
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 | $1,177 | $14,124 | $47,080 | $22.63/hr |
| 1-Bedroom Apartment | $1,381 | $16,572 | $55,240 | $26.56/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,514 | $18,168 | $60,560 | $29.12/hr |
| 3-Bedroom Home | $1,834 | $22,008 | $73,360 | $35.27/hr |
| 4-Bedroom Home | $2,127 | $25,524 | $85,080 | $40.90/hr |
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Frequently Asked Questions About Rent in Gainesville, GA
What is the Fair Market Rent for a 2-bedroom in Gainesville, GA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Gainesville, GA is $1,514 per month ($18,168 per year).
What hourly wage is needed to afford rent in Gainesville, GA?
To comfortably afford a 2-bedroom apartment at $1,514/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $29.12 per hour ($60,560/year).
What are the HUD Fair Market Rents by bedroom count in Gainesville, GA?
Official 2026 HUD rents in Gainesville, GA are: Studio: $1,177/mo, 1-Bedroom: $1,381/mo, 2-Bedroom: $1,514/mo, 3-Bedroom: $1,834/mo, and 4-Bedroom: $2,127/mo.
How do HUD Fair Market Rents compare to local incomes in Gainesville, GA?
At the local Census ACS median household income of $66,974/year ($5,581/month), the benchmark 2-bedroom Fair Market Rent represents 27.1% of monthly income.
How is the 30% housing affordability standard calculated in Gainesville, GA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,514/month, the required minimum annual gross income is calculated as ($1,514 × 12) ÷ 0.30 = $60,560 per year.