Rental Benchmark Overview
2-Bedroom Benchmark Rent
$984$11,808 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Giles County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Giles County, VA
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 | $746 | $8,952 | $29,840 | $14.35/hr |
| 1-Bedroom Apartment | $898 | $10,776 | $35,920 | $17.27/hr |
| 2-Bedroom ApartmentStandard Benchmark | $984 | $11,808 | $39,360 | $18.92/hr |
| 3-Bedroom Home | $1,180 | $14,160 | $47,200 | $22.69/hr |
| 4-Bedroom Home | $1,651 | $19,812 | $66,040 | $31.75/hr |
See comprehensive cost of living profile for Giles County, VA →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Virginia:
Frequently Asked Questions About Rent in Giles County, VA
What is the Fair Market Rent for a 2-bedroom in Giles County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Giles County, VA is $984 per month ($11,808 per year).
What hourly wage is needed to afford rent in Giles County, VA?
To comfortably afford a 2-bedroom apartment at $984/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.92 per hour ($39,360/year).
What are the HUD Fair Market Rents by bedroom count in Giles County, VA?
Official 2026 HUD rents in Giles County, VA are: Studio: $746/mo, 1-Bedroom: $898/mo, 2-Bedroom: $984/mo, 3-Bedroom: $1,180/mo, and 4-Bedroom: $1,651/mo.
How do HUD Fair Market Rents compare to local incomes in Giles County, VA?
At the local Census ACS median household income of $65,691/year ($5,474/month), the benchmark 2-bedroom Fair Market Rent represents 18% of monthly income.
How is the 30% housing affordability standard calculated in Giles County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $984/month, the required minimum annual gross income is calculated as ($984 × 12) ÷ 0.30 = $39,360 per year.