Rental Benchmark Overview
2-Bedroom Benchmark Rent
$900$10,800 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Garrard County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Garrard County, KY
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 | $643 | $7,716 | $25,720 | $12.37/hr |
| 1-Bedroom Apartment | $821 | $9,852 | $32,840 | $15.79/hr |
| 2-Bedroom ApartmentStandard Benchmark | $900 | $10,800 | $36,000 | $17.31/hr |
| 3-Bedroom Home | $1,156 | $13,872 | $46,240 | $22.23/hr |
| 4-Bedroom Home | $1,285 | $15,420 | $51,400 | $24.71/hr |
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Frequently Asked Questions About Rent in Garrard County, KY
What is the Fair Market Rent for a 2-bedroom in Garrard County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Garrard County, KY is $900 per month ($10,800 per year).
What hourly wage is needed to afford rent in Garrard County, KY?
To comfortably afford a 2-bedroom apartment at $900/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.31 per hour ($36,000/year).
What are the HUD Fair Market Rents by bedroom count in Garrard County, KY?
Official 2026 HUD rents in Garrard County, KY are: Studio: $643/mo, 1-Bedroom: $821/mo, 2-Bedroom: $900/mo, 3-Bedroom: $1,156/mo, and 4-Bedroom: $1,285/mo.
How do HUD Fair Market Rents compare to local incomes in Garrard County, KY?
At the local Census ACS median household income of $63,087/year ($5,257/month), the benchmark 2-bedroom Fair Market Rent represents 17.1% of monthly income.
How is the 30% housing affordability standard calculated in Garrard County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $900/month, the required minimum annual gross income is calculated as ($900 × 12) ÷ 0.30 = $36,000 per year.