Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,209$14,508 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Ionia County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Ionia 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 | $834 | $10,008 | $33,360 | $16.04/hr |
| 1-Bedroom Apartment | $921 | $11,052 | $36,840 | $17.71/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,209 | $14,508 | $48,360 | $23.25/hr |
| 3-Bedroom Home | $1,481 | $17,772 | $59,240 | $28.48/hr |
| 4-Bedroom Home | $1,931 | $23,172 | $77,240 | $37.13/hr |
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Frequently Asked Questions About Rent in Ionia County, MI
What is the Fair Market Rent for a 2-bedroom in Ionia County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Ionia County, MI is $1,209 per month ($14,508 per year).
What hourly wage is needed to afford rent in Ionia County, MI?
To comfortably afford a 2-bedroom apartment at $1,209/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.25 per hour ($48,360/year).
What are the HUD Fair Market Rents by bedroom count in Ionia County, MI?
Official 2026 HUD rents in Ionia County, MI are: Studio: $834/mo, 1-Bedroom: $921/mo, 2-Bedroom: $1,209/mo, 3-Bedroom: $1,481/mo, and 4-Bedroom: $1,931/mo.
How do HUD Fair Market Rents compare to local incomes in Ionia County, MI?
At the local Census ACS median household income of $75,611/year ($6,301/month), the benchmark 2-bedroom Fair Market Rent represents 19.2% of monthly income.
How is the 30% housing affordability standard calculated in Ionia County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,209/month, the required minimum annual gross income is calculated as ($1,209 × 12) ÷ 0.30 = $48,360 per year.