Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,589$19,068 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in La Plata County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: La Plata County, CO
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 | $1,181 | $14,172 | $47,240 | $22.71/hr |
| 1-Bedroom Apartment | $1,211 | $14,532 | $48,440 | $23.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,589 | $19,068 | $63,560 | $30.56/hr |
| 3-Bedroom Home | $1,942 | $23,304 | $77,680 | $37.35/hr |
| 4-Bedroom Home | $2,288 | $27,456 | $91,520 | $44.00/hr |
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Frequently Asked Questions About Rent in La Plata County, CO
What is the Fair Market Rent for a 2-bedroom in La Plata County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in La Plata County, CO is $1,589 per month ($19,068 per year).
What hourly wage is needed to afford rent in La Plata County, CO?
To comfortably afford a 2-bedroom apartment at $1,589/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $30.56 per hour ($63,560/year).
What are the HUD Fair Market Rents by bedroom count in La Plata County, CO?
Official 2026 HUD rents in La Plata County, CO are: Studio: $1,181/mo, 1-Bedroom: $1,211/mo, 2-Bedroom: $1,589/mo, 3-Bedroom: $1,942/mo, and 4-Bedroom: $2,288/mo.
How do HUD Fair Market Rents compare to local incomes in La Plata County, CO?
At the local Census ACS median household income of $86,056/year ($7,171/month), the benchmark 2-bedroom Fair Market Rent represents 22.2% of monthly income.
How is the 30% housing affordability standard calculated in La Plata County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,589/month, the required minimum annual gross income is calculated as ($1,589 × 12) ÷ 0.30 = $63,560 per year.