Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,540$18,480 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Madison County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Madison County, MT
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 | $1,154 | $13,848 | $46,160 | $22.19/hr |
| 1-Bedroom Apartment | $1,202 | $14,424 | $48,080 | $23.12/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,540 | $18,480 | $61,600 | $29.62/hr |
| 3-Bedroom Home | $2,073 | $24,876 | $82,920 | $39.87/hr |
| 4-Bedroom Home | $2,583 | $30,996 | $103,320 | $49.67/hr |
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Frequently Asked Questions About Rent in Madison County, MT
What is the Fair Market Rent for a 2-bedroom in Madison County, MT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Madison County, MT is $1,540 per month ($18,480 per year).
What hourly wage is needed to afford rent in Madison County, MT?
To comfortably afford a 2-bedroom apartment at $1,540/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $29.62 per hour ($61,600/year).
What are the HUD Fair Market Rents by bedroom count in Madison County, MT?
Official 2026 HUD rents in Madison County, MT are: Studio: $1,154/mo, 1-Bedroom: $1,202/mo, 2-Bedroom: $1,540/mo, 3-Bedroom: $2,073/mo, and 4-Bedroom: $2,583/mo.
How do HUD Fair Market Rents compare to local incomes in Madison County, MT?
At the local Census ACS median household income of $75,250/year ($6,271/month), the benchmark 2-bedroom Fair Market Rent represents 24.6% of monthly income.
How is the 30% housing affordability standard calculated in Madison County, MT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,540/month, the required minimum annual gross income is calculated as ($1,540 × 12) ÷ 0.30 = $61,600 per year.