Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,249$14,988 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Grand Junction, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Grand Junction, CO
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 | $881 | $10,572 | $35,240 | $16.94/hr |
| 1-Bedroom Apartment | $986 | $11,832 | $39,440 | $18.96/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,249 | $14,988 | $49,960 | $24.02/hr |
| 3-Bedroom Home | $1,737 | $20,844 | $69,480 | $33.40/hr |
| 4-Bedroom Home | $2,095 | $25,140 | $83,800 | $40.29/hr |
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Frequently Asked Questions About Rent in Grand Junction, CO
What is the Fair Market Rent for a 2-bedroom in Grand Junction, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Grand Junction, CO is $1,249 per month ($14,988 per year).
What hourly wage is needed to afford rent in Grand Junction, CO?
To comfortably afford a 2-bedroom apartment at $1,249/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.02 per hour ($49,960/year).
What are the HUD Fair Market Rents by bedroom count in Grand Junction, CO?
Official 2026 HUD rents in Grand Junction, CO are: Studio: $881/mo, 1-Bedroom: $986/mo, 2-Bedroom: $1,249/mo, 3-Bedroom: $1,737/mo, and 4-Bedroom: $2,095/mo.
How do HUD Fair Market Rents compare to local incomes in Grand Junction, CO?
At the local Census ACS median household income of $70,080/year ($5,840/month), the benchmark 2-bedroom Fair Market Rent represents 21.4% of monthly income.
How is the 30% housing affordability standard calculated in Grand Junction, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,249/month, the required minimum annual gross income is calculated as ($1,249 × 12) ÷ 0.30 = $49,960 per year.