Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,011$12,132 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lancaster County, SC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lancaster County, SC
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 | $881 | $10,572 | $35,240 | $16.94/hr |
| 1-Bedroom Apartment | $922 | $11,064 | $36,880 | $17.73/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,011 | $12,132 | $40,440 | $19.44/hr |
| 3-Bedroom Home | $1,382 | $16,584 | $55,280 | $26.58/hr |
| 4-Bedroom Home | $1,696 | $20,352 | $67,840 | $32.62/hr |
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Frequently Asked Questions About Rent in Lancaster County, SC
What is the Fair Market Rent for a 2-bedroom in Lancaster County, SC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lancaster County, SC is $1,011 per month ($12,132 per year).
What hourly wage is needed to afford rent in Lancaster County, SC?
To comfortably afford a 2-bedroom apartment at $1,011/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.44 per hour ($40,440/year).
What are the HUD Fair Market Rents by bedroom count in Lancaster County, SC?
Official 2026 HUD rents in Lancaster County, SC are: Studio: $881/mo, 1-Bedroom: $922/mo, 2-Bedroom: $1,011/mo, 3-Bedroom: $1,382/mo, and 4-Bedroom: $1,696/mo.
How do HUD Fair Market Rents compare to local incomes in Lancaster County, SC?
At the local Census ACS median household income of $78,869/year ($6,572/month), the benchmark 2-bedroom Fair Market Rent represents 15.4% of monthly income.
How is the 30% housing affordability standard calculated in Lancaster County, SC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,011/month, the required minimum annual gross income is calculated as ($1,011 × 12) ÷ 0.30 = $40,440 per year.