Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,312$15,744 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Kenai Peninsula Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Kenai Peninsula Borough, AK
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 | $993 | $11,916 | $39,720 | $19.10/hr |
| 1-Bedroom Apartment | $1,000 | $12,000 | $40,000 | $19.23/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,312 | $15,744 | $52,480 | $25.23/hr |
| 3-Bedroom Home | $1,825 | $21,900 | $73,000 | $35.10/hr |
| 4-Bedroom Home | $2,201 | $26,412 | $88,040 | $42.33/hr |
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Frequently Asked Questions About Rent in Kenai Peninsula Borough, AK
What is the Fair Market Rent for a 2-bedroom in Kenai Peninsula Borough, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Kenai Peninsula Borough, AK is $1,312 per month ($15,744 per year).
What hourly wage is needed to afford rent in Kenai Peninsula Borough, AK?
To comfortably afford a 2-bedroom apartment at $1,312/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.23 per hour ($52,480/year).
What are the HUD Fair Market Rents by bedroom count in Kenai Peninsula Borough, AK?
Official 2026 HUD rents in Kenai Peninsula Borough, AK are: Studio: $993/mo, 1-Bedroom: $1,000/mo, 2-Bedroom: $1,312/mo, 3-Bedroom: $1,825/mo, and 4-Bedroom: $2,201/mo.
How do HUD Fair Market Rents compare to local incomes in Kenai Peninsula Borough, AK?
At the local Census ACS median household income of $80,538/year ($6,712/month), the benchmark 2-bedroom Fair Market Rent represents 19.5% of monthly income.
How is the 30% housing affordability standard calculated in Kenai Peninsula Borough, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,312/month, the required minimum annual gross income is calculated as ($1,312 × 12) ÷ 0.30 = $52,480 per year.