Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,019$12,228 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lafayette Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lafayette Parish, LA
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 | $779 | $9,348 | $31,160 | $14.98/hr |
| 1-Bedroom Apartment | $898 | $10,776 | $35,920 | $17.27/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,019 | $12,228 | $40,760 | $19.60/hr |
| 3-Bedroom Home | $1,301 | $15,612 | $52,040 | $25.02/hr |
| 4-Bedroom Home | $1,581 | $18,972 | $63,240 | $30.40/hr |
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Frequently Asked Questions About Rent in Lafayette Parish, LA
What is the Fair Market Rent for a 2-bedroom in Lafayette Parish, LA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lafayette Parish, LA is $1,019 per month ($12,228 per year).
What hourly wage is needed to afford rent in Lafayette Parish, LA?
To comfortably afford a 2-bedroom apartment at $1,019/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.60 per hour ($40,760/year).
What are the HUD Fair Market Rents by bedroom count in Lafayette Parish, LA?
Official 2026 HUD rents in Lafayette Parish, LA are: Studio: $779/mo, 1-Bedroom: $898/mo, 2-Bedroom: $1,019/mo, 3-Bedroom: $1,301/mo, and 4-Bedroom: $1,581/mo.
How do HUD Fair Market Rents compare to local incomes in Lafayette Parish, LA?
At the local Census ACS median household income of $67,451/year ($5,621/month), the benchmark 2-bedroom Fair Market Rent represents 18.1% of monthly income.
How is the 30% housing affordability standard calculated in Lafayette Parish, LA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,019/month, the required minimum annual gross income is calculated as ($1,019 × 12) ÷ 0.30 = $40,760 per year.