Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,361$16,332 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Mineral County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Mineral County, MT
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 | $941 | $11,292 | $37,640 | $18.10/hr |
| 1-Bedroom Apartment | $1,083 | $12,996 | $43,320 | $20.83/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,361 | $16,332 | $54,440 | $26.17/hr |
| 3-Bedroom Home | $1,632 | $19,584 | $65,280 | $31.38/hr |
| 4-Bedroom Home | $1,915 | $22,980 | $76,600 | $36.83/hr |
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Frequently Asked Questions About Rent in Mineral County, MT
What is the Fair Market Rent for a 2-bedroom in Mineral County, MT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Mineral County, MT is $1,361 per month ($16,332 per year).
What hourly wage is needed to afford rent in Mineral County, MT?
To comfortably afford a 2-bedroom apartment at $1,361/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.17 per hour ($54,440/year).
What are the HUD Fair Market Rents by bedroom count in Mineral County, MT?
Official 2026 HUD rents in Mineral County, MT are: Studio: $941/mo, 1-Bedroom: $1,083/mo, 2-Bedroom: $1,361/mo, 3-Bedroom: $1,632/mo, and 4-Bedroom: $1,915/mo.
How do HUD Fair Market Rents compare to local incomes in Mineral County, MT?
At the local Census ACS median household income of $63,450/year ($5,288/month), the benchmark 2-bedroom Fair Market Rent represents 25.7% of monthly income.
How is the 30% housing affordability standard calculated in Mineral County, MT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,361/month, the required minimum annual gross income is calculated as ($1,361 × 12) ÷ 0.30 = $54,440 per year.