Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,150$13,800 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lake County, OR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lake County, OR
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 | $793 | $9,516 | $31,720 | $15.25/hr |
| 1-Bedroom Apartment | $929 | $11,148 | $37,160 | $17.87/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,150 | $13,800 | $46,000 | $22.12/hr |
| 3-Bedroom Home | $1,599 | $19,188 | $63,960 | $30.75/hr |
| 4-Bedroom Home | $1,929 | $23,148 | $77,160 | $37.10/hr |
See comprehensive cost of living profile for Lake County, OR →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Oregon:
Frequently Asked Questions About Rent in Lake County, OR
What is the Fair Market Rent for a 2-bedroom in Lake County, OR?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lake County, OR is $1,150 per month ($13,800 per year).
What hourly wage is needed to afford rent in Lake County, OR?
To comfortably afford a 2-bedroom apartment at $1,150/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.12 per hour ($46,000/year).
What are the HUD Fair Market Rents by bedroom count in Lake County, OR?
Official 2026 HUD rents in Lake County, OR are: Studio: $793/mo, 1-Bedroom: $929/mo, 2-Bedroom: $1,150/mo, 3-Bedroom: $1,599/mo, and 4-Bedroom: $1,929/mo.
How do HUD Fair Market Rents compare to local incomes in Lake County, OR?
At the local Census ACS median household income of $62,787/year ($5,232/month), the benchmark 2-bedroom Fair Market Rent represents 22% of monthly income.
How is the 30% housing affordability standard calculated in Lake County, OR?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,150/month, the required minimum annual gross income is calculated as ($1,150 × 12) ÷ 0.30 = $46,000 per year.