Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,174$14,088 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Monroe County, GA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Monroe County, GA
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 | $984 | $11,808 | $39,360 | $18.92/hr |
| 1-Bedroom Apartment | $1,048 | $12,576 | $41,920 | $20.15/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,174 | $14,088 | $46,960 | $22.58/hr |
| 3-Bedroom Home | $1,408 | $16,896 | $56,320 | $27.08/hr |
| 4-Bedroom Home | $1,662 | $19,944 | $66,480 | $31.96/hr |
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Frequently Asked Questions About Rent in Monroe County, GA
What is the Fair Market Rent for a 2-bedroom in Monroe County, GA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Monroe County, GA is $1,174 per month ($14,088 per year).
What hourly wage is needed to afford rent in Monroe County, GA?
To comfortably afford a 2-bedroom apartment at $1,174/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.58 per hour ($46,960/year).
What are the HUD Fair Market Rents by bedroom count in Monroe County, GA?
Official 2026 HUD rents in Monroe County, GA are: Studio: $984/mo, 1-Bedroom: $1,048/mo, 2-Bedroom: $1,174/mo, 3-Bedroom: $1,408/mo, and 4-Bedroom: $1,662/mo.
How do HUD Fair Market Rents compare to local incomes in Monroe County, GA?
At the local Census ACS median household income of $83,183/year ($6,932/month), the benchmark 2-bedroom Fair Market Rent represents 16.9% of monthly income.
How is the 30% housing affordability standard calculated in Monroe County, GA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,174/month, the required minimum annual gross income is calculated as ($1,174 × 12) ÷ 0.30 = $46,960 per year.