Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,086$13,032 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Madison County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Madison County, FL
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 | $873 | $10,476 | $34,920 | $16.79/hr |
| 1-Bedroom Apartment | $969 | $11,628 | $38,760 | $18.63/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,086 | $13,032 | $43,440 | $20.88/hr |
| 3-Bedroom Home | $1,400 | $16,800 | $56,000 | $26.92/hr |
| 4-Bedroom Home | $1,543 | $18,516 | $61,720 | $29.67/hr |
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Frequently Asked Questions About Rent in Madison County, FL
What is the Fair Market Rent for a 2-bedroom in Madison County, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Madison County, FL is $1,086 per month ($13,032 per year).
What hourly wage is needed to afford rent in Madison County, FL?
To comfortably afford a 2-bedroom apartment at $1,086/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.88 per hour ($43,440/year).
What are the HUD Fair Market Rents by bedroom count in Madison County, FL?
Official 2026 HUD rents in Madison County, FL are: Studio: $873/mo, 1-Bedroom: $969/mo, 2-Bedroom: $1,086/mo, 3-Bedroom: $1,400/mo, and 4-Bedroom: $1,543/mo.
How do HUD Fair Market Rents compare to local incomes in Madison County, FL?
At the local Census ACS median household income of $48,485/year ($4,040/month), the benchmark 2-bedroom Fair Market Rent represents 26.9% of monthly income.
How is the 30% housing affordability standard calculated in Madison County, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,086/month, the required minimum annual gross income is calculated as ($1,086 × 12) ÷ 0.30 = $43,440 per year.