Rental Benchmark Overview
2-Bedroom Benchmark Rent
$905$10,860 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Iberia Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Iberia Parish, LA
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 | $679 | $8,148 | $27,160 | $13.06/hr |
| 1-Bedroom Apartment | $764 | $9,168 | $30,560 | $14.69/hr |
| 2-Bedroom ApartmentStandard Benchmark | $905 | $10,860 | $36,200 | $17.40/hr |
| 3-Bedroom Home | $1,193 | $14,316 | $47,720 | $22.94/hr |
| 4-Bedroom Home | $1,473 | $17,676 | $58,920 | $28.33/hr |
See comprehensive cost of living profile for Iberia Parish, LA →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Louisiana:
Frequently Asked Questions About Rent in Iberia Parish, LA
What is the Fair Market Rent for a 2-bedroom in Iberia Parish, LA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Iberia Parish, LA is $905 per month ($10,860 per year).
What hourly wage is needed to afford rent in Iberia Parish, LA?
To comfortably afford a 2-bedroom apartment at $905/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.40 per hour ($36,200/year).
What are the HUD Fair Market Rents by bedroom count in Iberia Parish, LA?
Official 2026 HUD rents in Iberia Parish, LA are: Studio: $679/mo, 1-Bedroom: $764/mo, 2-Bedroom: $905/mo, 3-Bedroom: $1,193/mo, and 4-Bedroom: $1,473/mo.
How do HUD Fair Market Rents compare to local incomes in Iberia Parish, LA?
At the local Census ACS median household income of $56,961/year ($4,747/month), the benchmark 2-bedroom Fair Market Rent represents 19.1% of monthly income.
How is the 30% housing affordability standard calculated in Iberia Parish, LA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $905/month, the required minimum annual gross income is calculated as ($905 × 12) ÷ 0.30 = $36,200 per year.