Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,046$12,552 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lawrence County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lawrence County, SD
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 | $721 | $8,652 | $28,840 | $13.87/hr |
| 1-Bedroom Apartment | $797 | $9,564 | $31,880 | $15.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,046 | $12,552 | $41,840 | $20.12/hr |
| 3-Bedroom Home | $1,455 | $17,460 | $58,200 | $27.98/hr |
| 4-Bedroom Home | $1,755 | $21,060 | $70,200 | $33.75/hr |
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Frequently Asked Questions About Rent in Lawrence County, SD
What is the Fair Market Rent for a 2-bedroom in Lawrence County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lawrence County, SD is $1,046 per month ($12,552 per year).
What hourly wage is needed to afford rent in Lawrence County, SD?
To comfortably afford a 2-bedroom apartment at $1,046/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.12 per hour ($41,840/year).
What are the HUD Fair Market Rents by bedroom count in Lawrence County, SD?
Official 2026 HUD rents in Lawrence County, SD are: Studio: $721/mo, 1-Bedroom: $797/mo, 2-Bedroom: $1,046/mo, 3-Bedroom: $1,455/mo, and 4-Bedroom: $1,755/mo.
How do HUD Fair Market Rents compare to local incomes in Lawrence County, SD?
At the local Census ACS median household income of $73,384/year ($6,115/month), the benchmark 2-bedroom Fair Market Rent represents 17.1% of monthly income.
How is the 30% housing affordability standard calculated in Lawrence County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,046/month, the required minimum annual gross income is calculated as ($1,046 × 12) ÷ 0.30 = $41,840 per year.