Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,279$15,348 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lorain County, OH
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lorain County, OH
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 | $933 | $11,196 | $37,320 | $17.94/hr |
| 1-Bedroom Apartment | $1,058 | $12,696 | $42,320 | $20.35/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,279 | $15,348 | $51,160 | $24.60/hr |
| 3-Bedroom Home | $1,646 | $19,752 | $65,840 | $31.65/hr |
| 4-Bedroom Home | $1,760 | $21,120 | $70,400 | $33.85/hr |
See comprehensive cost of living profile for Lorain County, OH →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Ohio:
Frequently Asked Questions About Rent in Lorain County, OH
What is the Fair Market Rent for a 2-bedroom in Lorain County, OH?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lorain County, OH is $1,279 per month ($15,348 per year).
What hourly wage is needed to afford rent in Lorain County, OH?
To comfortably afford a 2-bedroom apartment at $1,279/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.60 per hour ($51,160/year).
What are the HUD Fair Market Rents by bedroom count in Lorain County, OH?
Official 2026 HUD rents in Lorain County, OH are: Studio: $933/mo, 1-Bedroom: $1,058/mo, 2-Bedroom: $1,279/mo, 3-Bedroom: $1,646/mo, and 4-Bedroom: $1,760/mo.
How do HUD Fair Market Rents compare to local incomes in Lorain County, OH?
At the local Census ACS median household income of $73,347/year ($6,112/month), the benchmark 2-bedroom Fair Market Rent represents 20.9% of monthly income.
How is the 30% housing affordability standard calculated in Lorain County, OH?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,279/month, the required minimum annual gross income is calculated as ($1,279 × 12) ÷ 0.30 = $51,160 per year.