Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,182$14,184 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lawrence, KS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lawrence, KS
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 | $895 | $10,740 | $35,800 | $17.21/hr |
| 1-Bedroom Apartment | $1,006 | $12,072 | $40,240 | $19.35/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,182 | $14,184 | $47,280 | $22.73/hr |
| 3-Bedroom Home | $1,644 | $19,728 | $65,760 | $31.62/hr |
| 4-Bedroom Home | $1,983 | $23,796 | $79,320 | $38.13/hr |
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Frequently Asked Questions About Rent in Lawrence, KS
What is the Fair Market Rent for a 2-bedroom in Lawrence, KS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lawrence, KS is $1,182 per month ($14,184 per year).
What hourly wage is needed to afford rent in Lawrence, KS?
To comfortably afford a 2-bedroom apartment at $1,182/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.73 per hour ($47,280/year).
What are the HUD Fair Market Rents by bedroom count in Lawrence, KS?
Official 2026 HUD rents in Lawrence, KS are: Studio: $895/mo, 1-Bedroom: $1,006/mo, 2-Bedroom: $1,182/mo, 3-Bedroom: $1,644/mo, and 4-Bedroom: $1,983/mo.
How do HUD Fair Market Rents compare to local incomes in Lawrence, KS?
At the local Census ACS median household income of $65,009/year ($5,417/month), the benchmark 2-bedroom Fair Market Rent represents 21.8% of monthly income.
How is the 30% housing affordability standard calculated in Lawrence, KS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,182/month, the required minimum annual gross income is calculated as ($1,182 × 12) ÷ 0.30 = $47,280 per year.