Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,343$16,116 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lake County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lake 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 | $1,017 | $12,204 | $40,680 | $19.56/hr |
| 1-Bedroom Apartment | $1,024 | $12,288 | $40,960 | $19.69/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,343 | $16,116 | $53,720 | $25.83/hr |
| 3-Bedroom Home | $1,714 | $20,568 | $68,560 | $32.96/hr |
| 4-Bedroom Home | $2,106 | $25,272 | $84,240 | $40.50/hr |
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Frequently Asked Questions About Rent in Lake County, CO
What is the Fair Market Rent for a 2-bedroom in Lake County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lake County, CO is $1,343 per month ($16,116 per year).
What hourly wage is needed to afford rent in Lake County, CO?
To comfortably afford a 2-bedroom apartment at $1,343/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.83 per hour ($53,720/year).
What are the HUD Fair Market Rents by bedroom count in Lake County, CO?
Official 2026 HUD rents in Lake County, CO are: Studio: $1,017/mo, 1-Bedroom: $1,024/mo, 2-Bedroom: $1,343/mo, 3-Bedroom: $1,714/mo, and 4-Bedroom: $2,106/mo.
How do HUD Fair Market Rents compare to local incomes in Lake County, CO?
At the local Census ACS median household income of $96,575/year ($8,048/month), the benchmark 2-bedroom Fair Market Rent represents 16.7% of monthly income.
How is the 30% housing affordability standard calculated in Lake County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,343/month, the required minimum annual gross income is calculated as ($1,343 × 12) ÷ 0.30 = $53,720 per year.