Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,605$19,260 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Garfield County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Garfield County, CO
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 | $1,215 | $14,580 | $48,600 | $23.37/hr |
| 1-Bedroom Apartment | $1,223 | $14,676 | $48,920 | $23.52/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,605 | $19,260 | $64,200 | $30.87/hr |
| 3-Bedroom Home | $2,232 | $26,784 | $89,280 | $42.92/hr |
| 4-Bedroom Home | $2,391 | $28,692 | $95,640 | $45.98/hr |
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Frequently Asked Questions About Rent in Garfield County, CO
What is the Fair Market Rent for a 2-bedroom in Garfield County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Garfield County, CO is $1,605 per month ($19,260 per year).
What hourly wage is needed to afford rent in Garfield County, CO?
To comfortably afford a 2-bedroom apartment at $1,605/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $30.87 per hour ($64,200/year).
What are the HUD Fair Market Rents by bedroom count in Garfield County, CO?
Official 2026 HUD rents in Garfield County, CO are: Studio: $1,215/mo, 1-Bedroom: $1,223/mo, 2-Bedroom: $1,605/mo, 3-Bedroom: $2,232/mo, and 4-Bedroom: $2,391/mo.
How do HUD Fair Market Rents compare to local incomes in Garfield County, CO?
At the local Census ACS median household income of $91,131/year ($7,594/month), the benchmark 2-bedroom Fair Market Rent represents 21.1% of monthly income.
How is the 30% housing affordability standard calculated in Garfield County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,605/month, the required minimum annual gross income is calculated as ($1,605 × 12) ÷ 0.30 = $64,200 per year.