Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,260$15,120 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Madison County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Madison County, TN
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 | $869 | $10,428 | $34,760 | $16.71/hr |
| 1-Bedroom Apartment | $960 | $11,520 | $38,400 | $18.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,260 | $15,120 | $50,400 | $24.23/hr |
| 3-Bedroom Home | $1,677 | $20,124 | $67,080 | $32.25/hr |
| 4-Bedroom Home | $1,758 | $21,096 | $70,320 | $33.81/hr |
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Frequently Asked Questions About Rent in Madison County, TN
What is the Fair Market Rent for a 2-bedroom in Madison County, TN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Madison County, TN is $1,260 per month ($15,120 per year).
What hourly wage is needed to afford rent in Madison County, TN?
To comfortably afford a 2-bedroom apartment at $1,260/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.23 per hour ($50,400/year).
What are the HUD Fair Market Rents by bedroom count in Madison County, TN?
Official 2026 HUD rents in Madison County, TN are: Studio: $869/mo, 1-Bedroom: $960/mo, 2-Bedroom: $1,260/mo, 3-Bedroom: $1,677/mo, and 4-Bedroom: $1,758/mo.
How do HUD Fair Market Rents compare to local incomes in Madison County, TN?
At the local Census ACS median household income of $60,042/year ($5,004/month), the benchmark 2-bedroom Fair Market Rent represents 25.2% of monthly income.
How is the 30% housing affordability standard calculated in Madison County, TN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,260/month, the required minimum annual gross income is calculated as ($1,260 × 12) ÷ 0.30 = $50,400 per year.