Rental Benchmark Overview
2-Bedroom Benchmark Rent
$949$11,388 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Henry County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Henry County, TN
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 | $719 | $8,628 | $28,760 | $13.83/hr |
| 1-Bedroom Apartment | $723 | $8,676 | $28,920 | $13.90/hr |
| 2-Bedroom ApartmentStandard Benchmark | $949 | $11,388 | $37,960 | $18.25/hr |
| 3-Bedroom Home | $1,138 | $13,656 | $45,520 | $21.88/hr |
| 4-Bedroom Home | $1,322 | $15,864 | $52,880 | $25.42/hr |
See comprehensive cost of living profile for Henry County, TN →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Tennessee:
Frequently Asked Questions About Rent in Henry County, TN
What is the Fair Market Rent for a 2-bedroom in Henry County, TN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Henry County, TN is $949 per month ($11,388 per year).
What hourly wage is needed to afford rent in Henry County, TN?
To comfortably afford a 2-bedroom apartment at $949/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.25 per hour ($37,960/year).
What are the HUD Fair Market Rents by bedroom count in Henry County, TN?
Official 2026 HUD rents in Henry County, TN are: Studio: $719/mo, 1-Bedroom: $723/mo, 2-Bedroom: $949/mo, 3-Bedroom: $1,138/mo, and 4-Bedroom: $1,322/mo.
How do HUD Fair Market Rents compare to local incomes in Henry County, TN?
At the local Census ACS median household income of $50,613/year ($4,218/month), the benchmark 2-bedroom Fair Market Rent represents 22.5% of monthly income.
How is the 30% housing affordability standard calculated in Henry County, TN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $949/month, the required minimum annual gross income is calculated as ($949 × 12) ÷ 0.30 = $37,960 per year.