Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,008$12,096 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Hubbard County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Hubbard County, MN
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 | $695 | $8,340 | $27,800 | $13.37/hr |
| 1-Bedroom Apartment | $768 | $9,216 | $30,720 | $14.77/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,008 | $12,096 | $40,320 | $19.38/hr |
| 3-Bedroom Home | $1,395 | $16,740 | $55,800 | $26.83/hr |
| 4-Bedroom Home | $1,642 | $19,704 | $65,680 | $31.58/hr |
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Frequently Asked Questions About Rent in Hubbard County, MN
What is the Fair Market Rent for a 2-bedroom in Hubbard County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Hubbard County, MN is $1,008 per month ($12,096 per year).
What hourly wage is needed to afford rent in Hubbard County, MN?
To comfortably afford a 2-bedroom apartment at $1,008/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.38 per hour ($40,320/year).
What are the HUD Fair Market Rents by bedroom count in Hubbard County, MN?
Official 2026 HUD rents in Hubbard County, MN are: Studio: $695/mo, 1-Bedroom: $768/mo, 2-Bedroom: $1,008/mo, 3-Bedroom: $1,395/mo, and 4-Bedroom: $1,642/mo.
How do HUD Fair Market Rents compare to local incomes in Hubbard County, MN?
At the local Census ACS median household income of $71,995/year ($6,000/month), the benchmark 2-bedroom Fair Market Rent represents 16.8% of monthly income.
How is the 30% housing affordability standard calculated in Hubbard County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,008/month, the required minimum annual gross income is calculated as ($1,008 × 12) ÷ 0.30 = $40,320 per year.