Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,033$12,396 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Genesee County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Genesee County, MI
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 | $731 | $8,772 | $29,240 | $14.06/hr |
| 1-Bedroom Apartment | $856 | $10,272 | $34,240 | $16.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,033 | $12,396 | $41,320 | $19.87/hr |
| 3-Bedroom Home | $1,272 | $15,264 | $50,880 | $24.46/hr |
| 4-Bedroom Home | $1,497 | $17,964 | $59,880 | $28.79/hr |
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Frequently Asked Questions About Rent in Genesee County, MI
What is the Fair Market Rent for a 2-bedroom in Genesee County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Genesee County, MI is $1,033 per month ($12,396 per year).
What hourly wage is needed to afford rent in Genesee County, MI?
To comfortably afford a 2-bedroom apartment at $1,033/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.87 per hour ($41,320/year).
What are the HUD Fair Market Rents by bedroom count in Genesee County, MI?
Official 2026 HUD rents in Genesee County, MI are: Studio: $731/mo, 1-Bedroom: $856/mo, 2-Bedroom: $1,033/mo, 3-Bedroom: $1,272/mo, and 4-Bedroom: $1,497/mo.
How do HUD Fair Market Rents compare to local incomes in Genesee County, MI?
At the local Census ACS median household income of $62,281/year ($5,190/month), the benchmark 2-bedroom Fair Market Rent represents 19.9% of monthly income.
How is the 30% housing affordability standard calculated in Genesee County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,033/month, the required minimum annual gross income is calculated as ($1,033 × 12) ÷ 0.30 = $41,320 per year.