Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,090$13,080 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Hot Springs, AR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Hot Springs, AR
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 | $829 | $9,948 | $33,160 | $15.94/hr |
| 1-Bedroom Apartment | $834 | $10,008 | $33,360 | $16.04/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,090 | $13,080 | $43,600 | $20.96/hr |
| 3-Bedroom Home | $1,393 | $16,716 | $55,720 | $26.79/hr |
| 4-Bedroom Home | $1,670 | $20,040 | $66,800 | $32.12/hr |
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Frequently Asked Questions About Rent in Hot Springs, AR
What is the Fair Market Rent for a 2-bedroom in Hot Springs, AR?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Hot Springs, AR is $1,090 per month ($13,080 per year).
What hourly wage is needed to afford rent in Hot Springs, AR?
To comfortably afford a 2-bedroom apartment at $1,090/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.96 per hour ($43,600/year).
What are the HUD Fair Market Rents by bedroom count in Hot Springs, AR?
Official 2026 HUD rents in Hot Springs, AR are: Studio: $829/mo, 1-Bedroom: $834/mo, 2-Bedroom: $1,090/mo, 3-Bedroom: $1,393/mo, and 4-Bedroom: $1,670/mo.
How do HUD Fair Market Rents compare to local incomes in Hot Springs, AR?
At the local Census ACS median household income of $47,760/year ($3,980/month), the benchmark 2-bedroom Fair Market Rent represents 27.4% of monthly income.
How is the 30% housing affordability standard calculated in Hot Springs, AR?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,090/month, the required minimum annual gross income is calculated as ($1,090 × 12) ÷ 0.30 = $43,600 per year.