Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,348$16,176 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Glens Falls, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Glens Falls, NY
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 | $1,041 | $12,492 | $41,640 | $20.02/hr |
| 1-Bedroom Apartment | $1,066 | $12,792 | $42,640 | $20.50/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,348 | $16,176 | $53,920 | $25.92/hr |
| 3-Bedroom Home | $1,742 | $20,904 | $69,680 | $33.50/hr |
| 4-Bedroom Home | $1,785 | $21,420 | $71,400 | $34.33/hr |
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Frequently Asked Questions About Rent in Glens Falls, NY
What is the Fair Market Rent for a 2-bedroom in Glens Falls, NY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Glens Falls, NY is $1,348 per month ($16,176 per year).
What hourly wage is needed to afford rent in Glens Falls, NY?
To comfortably afford a 2-bedroom apartment at $1,348/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.92 per hour ($53,920/year).
What are the HUD Fair Market Rents by bedroom count in Glens Falls, NY?
Official 2026 HUD rents in Glens Falls, NY are: Studio: $1,041/mo, 1-Bedroom: $1,066/mo, 2-Bedroom: $1,348/mo, 3-Bedroom: $1,742/mo, and 4-Bedroom: $1,785/mo.
How do HUD Fair Market Rents compare to local incomes in Glens Falls, NY?
At the local Census ACS median household income of $67,788/year ($5,649/month), the benchmark 2-bedroom Fair Market Rent represents 23.9% of monthly income.
How is the 30% housing affordability standard calculated in Glens Falls, NY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,348/month, the required minimum annual gross income is calculated as ($1,348 × 12) ÷ 0.30 = $53,920 per year.