Rental Benchmark Overview
2-Bedroom Benchmark Rent
$954$11,448 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Jo Daviess County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Jo Daviess County, IL
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 | $658 | $7,896 | $26,320 | $12.65/hr |
| 1-Bedroom Apartment | $796 | $9,552 | $31,840 | $15.31/hr |
| 2-Bedroom ApartmentStandard Benchmark | $954 | $11,448 | $38,160 | $18.35/hr |
| 3-Bedroom Home | $1,271 | $15,252 | $50,840 | $24.44/hr |
| 4-Bedroom Home | $1,276 | $15,312 | $51,040 | $24.54/hr |
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Frequently Asked Questions About Rent in Jo Daviess County, IL
What is the Fair Market Rent for a 2-bedroom in Jo Daviess County, IL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Jo Daviess County, IL is $954 per month ($11,448 per year).
What hourly wage is needed to afford rent in Jo Daviess County, IL?
To comfortably afford a 2-bedroom apartment at $954/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.35 per hour ($38,160/year).
What are the HUD Fair Market Rents by bedroom count in Jo Daviess County, IL?
Official 2026 HUD rents in Jo Daviess County, IL are: Studio: $658/mo, 1-Bedroom: $796/mo, 2-Bedroom: $954/mo, 3-Bedroom: $1,271/mo, and 4-Bedroom: $1,276/mo.
How do HUD Fair Market Rents compare to local incomes in Jo Daviess County, IL?
At the local Census ACS median household income of $73,993/year ($6,166/month), the benchmark 2-bedroom Fair Market Rent represents 15.5% of monthly income.
How is the 30% housing affordability standard calculated in Jo Daviess County, IL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $954/month, the required minimum annual gross income is calculated as ($954 × 12) ÷ 0.30 = $38,160 per year.