Rental Benchmark Overview
2-Bedroom Benchmark Rent
$992$11,904 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Madison County, NE
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Madison County, NE
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 | $684 | $8,208 | $27,360 | $13.15/hr |
| 1-Bedroom Apartment | $758 | $9,096 | $30,320 | $14.58/hr |
| 2-Bedroom ApartmentStandard Benchmark | $992 | $11,904 | $39,680 | $19.08/hr |
| 3-Bedroom Home | $1,285 | $15,420 | $51,400 | $24.71/hr |
| 4-Bedroom Home | $1,524 | $18,288 | $60,960 | $29.31/hr |
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Frequently Asked Questions About Rent in Madison County, NE
What is the Fair Market Rent for a 2-bedroom in Madison County, NE?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Madison County, NE is $992 per month ($11,904 per year).
What hourly wage is needed to afford rent in Madison County, NE?
To comfortably afford a 2-bedroom apartment at $992/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.08 per hour ($39,680/year).
What are the HUD Fair Market Rents by bedroom count in Madison County, NE?
Official 2026 HUD rents in Madison County, NE are: Studio: $684/mo, 1-Bedroom: $758/mo, 2-Bedroom: $992/mo, 3-Bedroom: $1,285/mo, and 4-Bedroom: $1,524/mo.
How do HUD Fair Market Rents compare to local incomes in Madison County, NE?
At the local Census ACS median household income of $63,128/year ($5,261/month), the benchmark 2-bedroom Fair Market Rent represents 18.9% of monthly income.
How is the 30% housing affordability standard calculated in Madison County, NE?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $992/month, the required minimum annual gross income is calculated as ($992 × 12) ÷ 0.30 = $39,680 per year.