Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,155$13,860 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Grant County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Grant County, KY
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 | $823 | $9,876 | $32,920 | $15.83/hr |
| 1-Bedroom Apartment | $899 | $10,788 | $35,960 | $17.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,155 | $13,860 | $46,200 | $22.21/hr |
| 3-Bedroom Home | $1,385 | $16,620 | $55,400 | $26.63/hr |
| 4-Bedroom Home | $1,678 | $20,136 | $67,120 | $32.27/hr |
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Frequently Asked Questions About Rent in Grant County, KY
What is the Fair Market Rent for a 2-bedroom in Grant County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Grant County, KY is $1,155 per month ($13,860 per year).
What hourly wage is needed to afford rent in Grant County, KY?
To comfortably afford a 2-bedroom apartment at $1,155/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.21 per hour ($46,200/year).
What are the HUD Fair Market Rents by bedroom count in Grant County, KY?
Official 2026 HUD rents in Grant County, KY are: Studio: $823/mo, 1-Bedroom: $899/mo, 2-Bedroom: $1,155/mo, 3-Bedroom: $1,385/mo, and 4-Bedroom: $1,678/mo.
How do HUD Fair Market Rents compare to local incomes in Grant County, KY?
At the local Census ACS median household income of $69,178/year ($5,765/month), the benchmark 2-bedroom Fair Market Rent represents 20% of monthly income.
How is the 30% housing affordability standard calculated in Grant County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,155/month, the required minimum annual gross income is calculated as ($1,155 × 12) ÷ 0.30 = $46,200 per year.