Rental Benchmark Overview
2-Bedroom Benchmark Rent
$926$11,112 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in McMinn County, TN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: McMinn 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 | $725 | $8,700 | $29,000 | $13.94/hr |
| 1-Bedroom Apartment | $845 | $10,140 | $33,800 | $16.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $926 | $11,112 | $37,040 | $17.81/hr |
| 3-Bedroom Home | $1,151 | $13,812 | $46,040 | $22.13/hr |
| 4-Bedroom Home | $1,226 | $14,712 | $49,040 | $23.58/hr |
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Frequently Asked Questions About Rent in McMinn County, TN
What is the Fair Market Rent for a 2-bedroom in McMinn County, TN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in McMinn County, TN is $926 per month ($11,112 per year).
What hourly wage is needed to afford rent in McMinn County, TN?
To comfortably afford a 2-bedroom apartment at $926/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.81 per hour ($37,040/year).
What are the HUD Fair Market Rents by bedroom count in McMinn County, TN?
Official 2026 HUD rents in McMinn County, TN are: Studio: $725/mo, 1-Bedroom: $845/mo, 2-Bedroom: $926/mo, 3-Bedroom: $1,151/mo, and 4-Bedroom: $1,226/mo.
How do HUD Fair Market Rents compare to local incomes in McMinn County, TN?
At the local Census ACS median household income of $61,470/year ($5,123/month), the benchmark 2-bedroom Fair Market Rent represents 18.1% of monthly income.
How is the 30% housing affordability standard calculated in McMinn County, TN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $926/month, the required minimum annual gross income is calculated as ($926 × 12) ÷ 0.30 = $37,040 per year.