Rental Benchmark Overview
2-Bedroom Benchmark Rent
$776$9,312 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Monroe County, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Monroe County, AL
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 | $576 | $6,912 | $23,040 | $11.08/hr |
| 1-Bedroom Apartment | $619 | $7,428 | $24,760 | $11.90/hr |
| 2-Bedroom ApartmentStandard Benchmark | $776 | $9,312 | $31,040 | $14.92/hr |
| 3-Bedroom Home | $1,079 | $12,948 | $43,160 | $20.75/hr |
| 4-Bedroom Home | $1,254 | $15,048 | $50,160 | $24.12/hr |
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Frequently Asked Questions About Rent in Monroe County, AL
What is the Fair Market Rent for a 2-bedroom in Monroe County, AL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Monroe County, AL is $776 per month ($9,312 per year).
What hourly wage is needed to afford rent in Monroe County, AL?
To comfortably afford a 2-bedroom apartment at $776/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $14.92 per hour ($31,040/year).
What are the HUD Fair Market Rents by bedroom count in Monroe County, AL?
Official 2026 HUD rents in Monroe County, AL are: Studio: $576/mo, 1-Bedroom: $619/mo, 2-Bedroom: $776/mo, 3-Bedroom: $1,079/mo, and 4-Bedroom: $1,254/mo.
How do HUD Fair Market Rents compare to local incomes in Monroe County, AL?
At the local Census ACS median household income of $42,292/year ($3,524/month), the benchmark 2-bedroom Fair Market Rent represents 22% of monthly income.
How is the 30% housing affordability standard calculated in Monroe County, AL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $776/month, the required minimum annual gross income is calculated as ($776 × 12) ÷ 0.30 = $31,040 per year.