Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,526$18,312 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lancaster, PA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lancaster, PA
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 | $1,102 | $13,224 | $44,080 | $21.19/hr |
| 1-Bedroom Apartment | $1,220 | $14,640 | $48,800 | $23.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,526 | $18,312 | $61,040 | $29.35/hr |
| 3-Bedroom Home | $1,980 | $23,760 | $79,200 | $38.08/hr |
| 4-Bedroom Home | $2,020 | $24,240 | $80,800 | $38.85/hr |
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Frequently Asked Questions About Rent in Lancaster, PA
What is the Fair Market Rent for a 2-bedroom in Lancaster, PA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lancaster, PA is $1,526 per month ($18,312 per year).
What hourly wage is needed to afford rent in Lancaster, PA?
To comfortably afford a 2-bedroom apartment at $1,526/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $29.35 per hour ($61,040/year).
What are the HUD Fair Market Rents by bedroom count in Lancaster, PA?
Official 2026 HUD rents in Lancaster, PA are: Studio: $1,102/mo, 1-Bedroom: $1,220/mo, 2-Bedroom: $1,526/mo, 3-Bedroom: $1,980/mo, and 4-Bedroom: $2,020/mo.
How do HUD Fair Market Rents compare to local incomes in Lancaster, PA?
At the local Census ACS median household income of $63,690/year ($5,308/month), the benchmark 2-bedroom Fair Market Rent represents 28.8% of monthly income.
How is the 30% housing affordability standard calculated in Lancaster, PA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,526/month, the required minimum annual gross income is calculated as ($1,526 × 12) ÷ 0.30 = $61,040 per year.