Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,120$13,440 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Iron County, UT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Iron County, UT
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 | $819 | $9,828 | $32,760 | $15.75/hr |
| 1-Bedroom Apartment | $888 | $10,656 | $35,520 | $17.08/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,120 | $13,440 | $44,800 | $21.54/hr |
| 3-Bedroom Home | $1,558 | $18,696 | $62,320 | $29.96/hr |
| 4-Bedroom Home | $1,879 | $22,548 | $75,160 | $36.13/hr |
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Frequently Asked Questions About Rent in Iron County, UT
What is the Fair Market Rent for a 2-bedroom in Iron County, UT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Iron County, UT is $1,120 per month ($13,440 per year).
What hourly wage is needed to afford rent in Iron County, UT?
To comfortably afford a 2-bedroom apartment at $1,120/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.54 per hour ($44,800/year).
What are the HUD Fair Market Rents by bedroom count in Iron County, UT?
Official 2026 HUD rents in Iron County, UT are: Studio: $819/mo, 1-Bedroom: $888/mo, 2-Bedroom: $1,120/mo, 3-Bedroom: $1,558/mo, and 4-Bedroom: $1,879/mo.
How do HUD Fair Market Rents compare to local incomes in Iron County, UT?
At the local Census ACS median household income of $66,247/year ($5,521/month), the benchmark 2-bedroom Fair Market Rent represents 20.3% of monthly income.
How is the 30% housing affordability standard calculated in Iron County, UT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,120/month, the required minimum annual gross income is calculated as ($1,120 × 12) ÷ 0.30 = $44,800 per year.