Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,604$19,248 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Indian River County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Indian River County, FL
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 | $1,214 | $14,568 | $48,560 | $23.35/hr |
| 1-Bedroom Apartment | $1,222 | $14,664 | $48,880 | $23.50/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,604 | $19,248 | $64,160 | $30.85/hr |
| 3-Bedroom Home | $1,956 | $23,472 | $78,240 | $37.62/hr |
| 4-Bedroom Home | $2,691 | $32,292 | $107,640 | $51.75/hr |
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Frequently Asked Questions About Rent in Indian River County, FL
What is the Fair Market Rent for a 2-bedroom in Indian River County, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Indian River County, FL is $1,604 per month ($19,248 per year).
What hourly wage is needed to afford rent in Indian River County, FL?
To comfortably afford a 2-bedroom apartment at $1,604/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $30.85 per hour ($64,160/year).
What are the HUD Fair Market Rents by bedroom count in Indian River County, FL?
Official 2026 HUD rents in Indian River County, FL are: Studio: $1,214/mo, 1-Bedroom: $1,222/mo, 2-Bedroom: $1,604/mo, 3-Bedroom: $1,956/mo, and 4-Bedroom: $2,691/mo.
How do HUD Fair Market Rents compare to local incomes in Indian River County, FL?
At the local Census ACS median household income of $73,491/year ($6,124/month), the benchmark 2-bedroom Fair Market Rent represents 26.2% of monthly income.
How is the 30% housing affordability standard calculated in Indian River County, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,604/month, the required minimum annual gross income is calculated as ($1,604 × 12) ÷ 0.30 = $64,160 per year.