Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,986$23,832 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Marco Island, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Marco Island, FL
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 | $1,396 | $16,752 | $55,840 | $26.85/hr |
| 1-Bedroom Apartment | $1,797 | $21,564 | $71,880 | $34.56/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,986 | $23,832 | $79,440 | $38.19/hr |
| 3-Bedroom Home | $2,581 | $30,972 | $103,240 | $49.63/hr |
| 4-Bedroom Home | $2,805 | $33,660 | $112,200 | $53.94/hr |
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Frequently Asked Questions About Rent in Marco Island, FL
What is the Fair Market Rent for a 2-bedroom in Marco Island, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Marco Island, FL is $1,986 per month ($23,832 per year).
What hourly wage is needed to afford rent in Marco Island, FL?
To comfortably afford a 2-bedroom apartment at $1,986/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $38.19 per hour ($79,440/year).
What are the HUD Fair Market Rents by bedroom count in Marco Island, FL?
Official 2026 HUD rents in Marco Island, FL are: Studio: $1,396/mo, 1-Bedroom: $1,797/mo, 2-Bedroom: $1,986/mo, 3-Bedroom: $2,581/mo, and 4-Bedroom: $2,805/mo.
How do HUD Fair Market Rents compare to local incomes in Marco Island, FL?
At the local Census ACS median household income of $101,523/year ($8,460/month), the benchmark 2-bedroom Fair Market Rent represents 23.5% of monthly income.
How is the 30% housing affordability standard calculated in Marco Island, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,986/month, the required minimum annual gross income is calculated as ($1,986 × 12) ÷ 0.30 = $79,440 per year.