Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,268$15,216 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Ingham County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Ingham County, MI
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 | $973 | $11,676 | $38,920 | $18.71/hr |
| 1-Bedroom Apartment | $1,012 | $12,144 | $40,480 | $19.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,268 | $15,216 | $50,720 | $24.38/hr |
| 3-Bedroom Home | $1,627 | $19,524 | $65,080 | $31.29/hr |
| 4-Bedroom Home | $1,679 | $20,148 | $67,160 | $32.29/hr |
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Frequently Asked Questions About Rent in Ingham County, MI
What is the Fair Market Rent for a 2-bedroom in Ingham County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Ingham County, MI is $1,268 per month ($15,216 per year).
What hourly wage is needed to afford rent in Ingham County, MI?
To comfortably afford a 2-bedroom apartment at $1,268/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.38 per hour ($50,720/year).
What are the HUD Fair Market Rents by bedroom count in Ingham County, MI?
Official 2026 HUD rents in Ingham County, MI are: Studio: $973/mo, 1-Bedroom: $1,012/mo, 2-Bedroom: $1,268/mo, 3-Bedroom: $1,627/mo, and 4-Bedroom: $1,679/mo.
How do HUD Fair Market Rents compare to local incomes in Ingham County, MI?
At the local Census ACS median household income of $65,526/year ($5,461/month), the benchmark 2-bedroom Fair Market Rent represents 23.2% of monthly income.
How is the 30% housing affordability standard calculated in Ingham County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,268/month, the required minimum annual gross income is calculated as ($1,268 × 12) ÷ 0.30 = $50,720 per year.