Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,168$14,016 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Iowa County, WI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Iowa County, WI
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 | $884 | $10,608 | $35,360 | $17.00/hr |
| 1-Bedroom Apartment | $890 | $10,680 | $35,600 | $17.12/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,168 | $14,016 | $46,720 | $22.46/hr |
| 3-Bedroom Home | $1,535 | $18,420 | $61,400 | $29.52/hr |
| 4-Bedroom Home | $1,959 | $23,508 | $78,360 | $37.67/hr |
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Frequently Asked Questions About Rent in Iowa County, WI
What is the Fair Market Rent for a 2-bedroom in Iowa County, WI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Iowa County, WI is $1,168 per month ($14,016 per year).
What hourly wage is needed to afford rent in Iowa County, WI?
To comfortably afford a 2-bedroom apartment at $1,168/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.46 per hour ($46,720/year).
What are the HUD Fair Market Rents by bedroom count in Iowa County, WI?
Official 2026 HUD rents in Iowa County, WI are: Studio: $884/mo, 1-Bedroom: $890/mo, 2-Bedroom: $1,168/mo, 3-Bedroom: $1,535/mo, and 4-Bedroom: $1,959/mo.
How do HUD Fair Market Rents compare to local incomes in Iowa County, WI?
At the local Census ACS median household income of $82,182/year ($6,849/month), the benchmark 2-bedroom Fair Market Rent represents 17.1% of monthly income.
How is the 30% housing affordability standard calculated in Iowa County, WI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,168/month, the required minimum annual gross income is calculated as ($1,168 × 12) ÷ 0.30 = $46,720 per year.