Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,105$13,260 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Madison County, ID
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Madison County, ID
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 | $963 | $11,556 | $38,520 | $18.52/hr |
| 1-Bedroom Apartment | $1,008 | $12,096 | $40,320 | $19.38/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,105 | $13,260 | $44,200 | $21.25/hr |
| 3-Bedroom Home | $1,537 | $18,444 | $61,480 | $29.56/hr |
| 4-Bedroom Home | $1,797 | $21,564 | $71,880 | $34.56/hr |
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Frequently Asked Questions About Rent in Madison County, ID
What is the Fair Market Rent for a 2-bedroom in Madison County, ID?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Madison County, ID is $1,105 per month ($13,260 per year).
What hourly wage is needed to afford rent in Madison County, ID?
To comfortably afford a 2-bedroom apartment at $1,105/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.25 per hour ($44,200/year).
What are the HUD Fair Market Rents by bedroom count in Madison County, ID?
Official 2026 HUD rents in Madison County, ID are: Studio: $963/mo, 1-Bedroom: $1,008/mo, 2-Bedroom: $1,105/mo, 3-Bedroom: $1,537/mo, and 4-Bedroom: $1,797/mo.
How do HUD Fair Market Rents compare to local incomes in Madison County, ID?
At the local Census ACS median household income of $60,160/year ($5,013/month), the benchmark 2-bedroom Fair Market Rent represents 22% of monthly income.
How is the 30% housing affordability standard calculated in Madison County, ID?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,105/month, the required minimum annual gross income is calculated as ($1,105 × 12) ÷ 0.30 = $44,200 per year.