Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,363$16,356 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Grants Pass, OR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Grants Pass, OR
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 | $940 | $11,280 | $37,600 | $18.08/hr |
| 1-Bedroom Apartment | $1,039 | $12,468 | $41,560 | $19.98/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,363 | $16,356 | $54,520 | $26.21/hr |
| 3-Bedroom Home | $1,896 | $22,752 | $75,840 | $36.46/hr |
| 4-Bedroom Home | $2,014 | $24,168 | $80,560 | $38.73/hr |
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Frequently Asked Questions About Rent in Grants Pass, OR
What is the Fair Market Rent for a 2-bedroom in Grants Pass, OR?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Grants Pass, OR is $1,363 per month ($16,356 per year).
What hourly wage is needed to afford rent in Grants Pass, OR?
To comfortably afford a 2-bedroom apartment at $1,363/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.21 per hour ($54,520/year).
What are the HUD Fair Market Rents by bedroom count in Grants Pass, OR?
Official 2026 HUD rents in Grants Pass, OR are: Studio: $940/mo, 1-Bedroom: $1,039/mo, 2-Bedroom: $1,363/mo, 3-Bedroom: $1,896/mo, and 4-Bedroom: $2,014/mo.
How do HUD Fair Market Rents compare to local incomes in Grants Pass, OR?
At the local Census ACS median household income of $59,646/year ($4,971/month), the benchmark 2-bedroom Fair Market Rent represents 27.4% of monthly income.
How is the 30% housing affordability standard calculated in Grants Pass, OR?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,363/month, the required minimum annual gross income is calculated as ($1,363 × 12) ÷ 0.30 = $54,520 per year.