Rental Benchmark Overview
2-Bedroom Benchmark Rent
$834$10,008 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Madison Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Madison Parish, LA
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 | $616 | $7,392 | $24,640 | $11.85/hr |
| 1-Bedroom Apartment | $638 | $7,656 | $25,520 | $12.27/hr |
| 2-Bedroom ApartmentStandard Benchmark | $834 | $10,008 | $33,360 | $16.04/hr |
| 3-Bedroom Home | $1,100 | $13,200 | $44,000 | $21.15/hr |
| 4-Bedroom Home | $1,399 | $16,788 | $55,960 | $26.90/hr |
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Frequently Asked Questions About Rent in Madison Parish, LA
What is the Fair Market Rent for a 2-bedroom in Madison Parish, LA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Madison Parish, LA is $834 per month ($10,008 per year).
What hourly wage is needed to afford rent in Madison Parish, LA?
To comfortably afford a 2-bedroom apartment at $834/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.04 per hour ($33,360/year).
What are the HUD Fair Market Rents by bedroom count in Madison Parish, LA?
Official 2026 HUD rents in Madison Parish, LA are: Studio: $616/mo, 1-Bedroom: $638/mo, 2-Bedroom: $834/mo, 3-Bedroom: $1,100/mo, and 4-Bedroom: $1,399/mo.
How do HUD Fair Market Rents compare to local incomes in Madison Parish, LA?
At the local Census ACS median household income of $35,456/year ($2,955/month), the benchmark 2-bedroom Fair Market Rent represents 28.2% of monthly income.
How is the 30% housing affordability standard calculated in Madison Parish, LA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $834/month, the required minimum annual gross income is calculated as ($834 × 12) ÷ 0.30 = $33,360 per year.