Rental Benchmark Overview
2-Bedroom Benchmark Rent
$959$11,508 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Marshall County, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Marshall County, IA
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 | $712 | $8,544 | $28,480 | $13.69/hr |
| 1-Bedroom Apartment | $731 | $8,772 | $29,240 | $14.06/hr |
| 2-Bedroom ApartmentStandard Benchmark | $959 | $11,508 | $38,360 | $18.44/hr |
| 3-Bedroom Home | $1,265 | $15,180 | $50,600 | $24.33/hr |
| 4-Bedroom Home | $1,270 | $15,240 | $50,800 | $24.42/hr |
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Frequently Asked Questions About Rent in Marshall County, IA
What is the Fair Market Rent for a 2-bedroom in Marshall County, IA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Marshall County, IA is $959 per month ($11,508 per year).
What hourly wage is needed to afford rent in Marshall County, IA?
To comfortably afford a 2-bedroom apartment at $959/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.44 per hour ($38,360/year).
What are the HUD Fair Market Rents by bedroom count in Marshall County, IA?
Official 2026 HUD rents in Marshall County, IA are: Studio: $712/mo, 1-Bedroom: $731/mo, 2-Bedroom: $959/mo, 3-Bedroom: $1,265/mo, and 4-Bedroom: $1,270/mo.
How do HUD Fair Market Rents compare to local incomes in Marshall County, IA?
At the local Census ACS median household income of $73,315/year ($6,110/month), the benchmark 2-bedroom Fair Market Rent represents 15.7% of monthly income.
How is the 30% housing affordability standard calculated in Marshall County, IA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $959/month, the required minimum annual gross income is calculated as ($959 × 12) ÷ 0.30 = $38,360 per year.