Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,972$23,664 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lake County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lake County, FL
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 | $1,650 | $19,800 | $66,000 | $31.73/hr |
| 1-Bedroom Apartment | $1,731 | $20,772 | $69,240 | $33.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,972 | $23,664 | $78,880 | $37.92/hr |
| 3-Bedroom Home | $2,476 | $29,712 | $99,040 | $47.62/hr |
| 4-Bedroom Home | $2,924 | $35,088 | $116,960 | $56.23/hr |
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Frequently Asked Questions About Rent in Lake County, FL
What is the Fair Market Rent for a 2-bedroom in Lake County, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lake County, FL is $1,972 per month ($23,664 per year).
What hourly wage is needed to afford rent in Lake County, FL?
To comfortably afford a 2-bedroom apartment at $1,972/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $37.92 per hour ($78,880/year).
What are the HUD Fair Market Rents by bedroom count in Lake County, FL?
Official 2026 HUD rents in Lake County, FL are: Studio: $1,650/mo, 1-Bedroom: $1,731/mo, 2-Bedroom: $1,972/mo, 3-Bedroom: $2,476/mo, and 4-Bedroom: $2,924/mo.
How do HUD Fair Market Rents compare to local incomes in Lake County, FL?
At the local Census ACS median household income of $73,161/year ($6,097/month), the benchmark 2-bedroom Fair Market Rent represents 32.3% of monthly income.
How is the 30% housing affordability standard calculated in Lake County, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,972/month, the required minimum annual gross income is calculated as ($1,972 × 12) ÷ 0.30 = $78,880 per year.