Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,110$13,320 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in McLean County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: McLean County, KY
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 | $840 | $10,080 | $33,600 | $16.15/hr |
| 1-Bedroom Apartment | $846 | $10,152 | $33,840 | $16.27/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,110 | $13,320 | $44,400 | $21.35/hr |
| 3-Bedroom Home | $1,466 | $17,592 | $58,640 | $28.19/hr |
| 4-Bedroom Home | $1,470 | $17,640 | $58,800 | $28.27/hr |
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Frequently Asked Questions About Rent in McLean County, KY
What is the Fair Market Rent for a 2-bedroom in McLean County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in McLean County, KY is $1,110 per month ($13,320 per year).
What hourly wage is needed to afford rent in McLean County, KY?
To comfortably afford a 2-bedroom apartment at $1,110/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.35 per hour ($44,400/year).
What are the HUD Fair Market Rents by bedroom count in McLean County, KY?
Official 2026 HUD rents in McLean County, KY are: Studio: $840/mo, 1-Bedroom: $846/mo, 2-Bedroom: $1,110/mo, 3-Bedroom: $1,466/mo, and 4-Bedroom: $1,470/mo.
How do HUD Fair Market Rents compare to local incomes in McLean County, KY?
At the local Census ACS median household income of $65,596/year ($5,466/month), the benchmark 2-bedroom Fair Market Rent represents 20.3% of monthly income.
How is the 30% housing affordability standard calculated in McLean County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,110/month, the required minimum annual gross income is calculated as ($1,110 × 12) ÷ 0.30 = $44,400 per year.