Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,018$12,216 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Livingston County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Livingston 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 | $702 | $8,424 | $28,080 | $13.50/hr |
| 1-Bedroom Apartment | $776 | $9,312 | $31,040 | $14.92/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,018 | $12,216 | $40,720 | $19.58/hr |
| 3-Bedroom Home | $1,267 | $15,204 | $50,680 | $24.37/hr |
| 4-Bedroom Home | $1,348 | $16,176 | $53,920 | $25.92/hr |
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Frequently Asked Questions About Rent in Livingston County, IL
What is the Fair Market Rent for a 2-bedroom in Livingston County, IL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Livingston County, IL is $1,018 per month ($12,216 per year).
What hourly wage is needed to afford rent in Livingston County, IL?
To comfortably afford a 2-bedroom apartment at $1,018/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.58 per hour ($40,720/year).
What are the HUD Fair Market Rents by bedroom count in Livingston County, IL?
Official 2026 HUD rents in Livingston County, IL are: Studio: $702/mo, 1-Bedroom: $776/mo, 2-Bedroom: $1,018/mo, 3-Bedroom: $1,267/mo, and 4-Bedroom: $1,348/mo.
How do HUD Fair Market Rents compare to local incomes in Livingston County, IL?
At the local Census ACS median household income of $73,790/year ($6,149/month), the benchmark 2-bedroom Fair Market Rent represents 16.6% of monthly income.
How is the 30% housing affordability standard calculated in Livingston County, IL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,018/month, the required minimum annual gross income is calculated as ($1,018 × 12) ÷ 0.30 = $40,720 per year.