Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,001$12,012 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Giles County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Giles County, TN
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 | $758 | $9,096 | $30,320 | $14.58/hr |
| 1-Bedroom Apartment | $763 | $9,156 | $30,520 | $14.67/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,001 | $12,012 | $40,040 | $19.25/hr |
| 3-Bedroom Home | $1,200 | $14,400 | $48,000 | $23.08/hr |
| 4-Bedroom Home | $1,395 | $16,740 | $55,800 | $26.83/hr |
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Frequently Asked Questions About Rent in Giles County, TN
What is the Fair Market Rent for a 2-bedroom in Giles County, TN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Giles County, TN is $1,001 per month ($12,012 per year).
What hourly wage is needed to afford rent in Giles County, TN?
To comfortably afford a 2-bedroom apartment at $1,001/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.25 per hour ($40,040/year).
What are the HUD Fair Market Rents by bedroom count in Giles County, TN?
Official 2026 HUD rents in Giles County, TN are: Studio: $758/mo, 1-Bedroom: $763/mo, 2-Bedroom: $1,001/mo, 3-Bedroom: $1,200/mo, and 4-Bedroom: $1,395/mo.
How do HUD Fair Market Rents compare to local incomes in Giles County, TN?
At the local Census ACS median household income of $62,307/year ($5,192/month), the benchmark 2-bedroom Fair Market Rent represents 19.3% of monthly income.
How is the 30% housing affordability standard calculated in Giles County, TN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,001/month, the required minimum annual gross income is calculated as ($1,001 × 12) ÷ 0.30 = $40,040 per year.