Rental Benchmark Overview
2-Bedroom Benchmark Rent
$946$11,352 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lawrence County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lawrence County, IL
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 | $652 | $7,824 | $26,080 | $12.54/hr |
| 1-Bedroom Apartment | $721 | $8,652 | $28,840 | $13.87/hr |
| 2-Bedroom ApartmentStandard Benchmark | $946 | $11,352 | $37,840 | $18.19/hr |
| 3-Bedroom Home | $1,136 | $13,632 | $45,440 | $21.85/hr |
| 4-Bedroom Home | $1,253 | $15,036 | $50,120 | $24.10/hr |
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Frequently Asked Questions About Rent in Lawrence County, IL
What is the Fair Market Rent for a 2-bedroom in Lawrence County, IL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lawrence County, IL is $946 per month ($11,352 per year).
What hourly wage is needed to afford rent in Lawrence County, IL?
To comfortably afford a 2-bedroom apartment at $946/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.19 per hour ($37,840/year).
What are the HUD Fair Market Rents by bedroom count in Lawrence County, IL?
Official 2026 HUD rents in Lawrence County, IL are: Studio: $652/mo, 1-Bedroom: $721/mo, 2-Bedroom: $946/mo, 3-Bedroom: $1,136/mo, and 4-Bedroom: $1,253/mo.
How do HUD Fair Market Rents compare to local incomes in Lawrence County, IL?
At the local Census ACS median household income of $55,324/year ($4,610/month), the benchmark 2-bedroom Fair Market Rent represents 20.5% of monthly income.
How is the 30% housing affordability standard calculated in Lawrence County, IL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $946/month, the required minimum annual gross income is calculated as ($946 × 12) ÷ 0.30 = $37,840 per year.