Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,347$16,164 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Madison County, AR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Madison County, AR
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 | $1,007 | $12,084 | $40,280 | $19.37/hr |
| 1-Bedroom Apartment | $1,115 | $13,380 | $44,600 | $21.44/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,347 | $16,164 | $53,880 | $25.90/hr |
| 3-Bedroom Home | $1,873 | $22,476 | $74,920 | $36.02/hr |
| 4-Bedroom Home | $2,213 | $26,556 | $88,520 | $42.56/hr |
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Frequently Asked Questions About Rent in Madison County, AR
What is the Fair Market Rent for a 2-bedroom in Madison County, AR?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Madison County, AR is $1,347 per month ($16,164 per year).
What hourly wage is needed to afford rent in Madison County, AR?
To comfortably afford a 2-bedroom apartment at $1,347/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $25.90 per hour ($53,880/year).
What are the HUD Fair Market Rents by bedroom count in Madison County, AR?
Official 2026 HUD rents in Madison County, AR are: Studio: $1,007/mo, 1-Bedroom: $1,115/mo, 2-Bedroom: $1,347/mo, 3-Bedroom: $1,873/mo, and 4-Bedroom: $2,213/mo.
How do HUD Fair Market Rents compare to local incomes in Madison County, AR?
At the local Census ACS median household income of $56,798/year ($4,733/month), the benchmark 2-bedroom Fair Market Rent represents 28.5% of monthly income.
How is the 30% housing affordability standard calculated in Madison County, AR?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,347/month, the required minimum annual gross income is calculated as ($1,347 × 12) ÷ 0.30 = $53,880 per year.