Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,193$14,316 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Midland County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Midland County, MI
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 | $907 | $10,884 | $36,280 | $17.44/hr |
| 1-Bedroom Apartment | $925 | $11,100 | $37,000 | $17.79/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,193 | $14,316 | $47,720 | $22.94/hr |
| 3-Bedroom Home | $1,518 | $18,216 | $60,720 | $29.19/hr |
| 4-Bedroom Home | $1,682 | $20,184 | $67,280 | $32.35/hr |
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Frequently Asked Questions About Rent in Midland County, MI
What is the Fair Market Rent for a 2-bedroom in Midland County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Midland County, MI is $1,193 per month ($14,316 per year).
What hourly wage is needed to afford rent in Midland County, MI?
To comfortably afford a 2-bedroom apartment at $1,193/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.94 per hour ($47,720/year).
What are the HUD Fair Market Rents by bedroom count in Midland County, MI?
Official 2026 HUD rents in Midland County, MI are: Studio: $907/mo, 1-Bedroom: $925/mo, 2-Bedroom: $1,193/mo, 3-Bedroom: $1,518/mo, and 4-Bedroom: $1,682/mo.
How do HUD Fair Market Rents compare to local incomes in Midland County, MI?
At the local Census ACS median household income of $77,705/year ($6,475/month), the benchmark 2-bedroom Fair Market Rent represents 18.4% of monthly income.
How is the 30% housing affordability standard calculated in Midland County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,193/month, the required minimum annual gross income is calculated as ($1,193 × 12) ÷ 0.30 = $47,720 per year.