Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,781$21,372 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Kane County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Kane 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 | $1,480 | $17,760 | $59,200 | $28.46/hr |
| 1-Bedroom Apartment | $1,581 | $18,972 | $63,240 | $30.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,781 | $21,372 | $71,240 | $34.25/hr |
| 3-Bedroom Home | $2,294 | $27,528 | $91,760 | $44.12/hr |
| 4-Bedroom Home | $2,653 | $31,836 | $106,120 | $51.02/hr |
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Frequently Asked Questions About Rent in Kane County, IL
What is the Fair Market Rent for a 2-bedroom in Kane County, IL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Kane County, IL is $1,781 per month ($21,372 per year).
What hourly wage is needed to afford rent in Kane County, IL?
To comfortably afford a 2-bedroom apartment at $1,781/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $34.25 per hour ($71,240/year).
What are the HUD Fair Market Rents by bedroom count in Kane County, IL?
Official 2026 HUD rents in Kane County, IL are: Studio: $1,480/mo, 1-Bedroom: $1,581/mo, 2-Bedroom: $1,781/mo, 3-Bedroom: $2,294/mo, and 4-Bedroom: $2,653/mo.
How do HUD Fair Market Rents compare to local incomes in Kane County, IL?
At the local Census ACS median household income of $103,163/year ($8,597/month), the benchmark 2-bedroom Fair Market Rent represents 20.7% of monthly income.
How is the 30% housing affordability standard calculated in Kane County, IL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,781/month, the required minimum annual gross income is calculated as ($1,781 × 12) ÷ 0.30 = $71,240 per year.