Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,529$18,348 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Monroe County, PA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Monroe County, PA
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 | $1,085 | $13,020 | $43,400 | $20.87/hr |
| 1-Bedroom Apartment | $1,165 | $13,980 | $46,600 | $22.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,529 | $18,348 | $61,160 | $29.40/hr |
| 3-Bedroom Home | $1,974 | $23,688 | $78,960 | $37.96/hr |
| 4-Bedroom Home | $2,203 | $26,436 | $88,120 | $42.37/hr |
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Frequently Asked Questions About Rent in Monroe County, PA
What is the Fair Market Rent for a 2-bedroom in Monroe County, PA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Monroe County, PA is $1,529 per month ($18,348 per year).
What hourly wage is needed to afford rent in Monroe County, PA?
To comfortably afford a 2-bedroom apartment at $1,529/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $29.40 per hour ($61,160/year).
What are the HUD Fair Market Rents by bedroom count in Monroe County, PA?
Official 2026 HUD rents in Monroe County, PA are: Studio: $1,085/mo, 1-Bedroom: $1,165/mo, 2-Bedroom: $1,529/mo, 3-Bedroom: $1,974/mo, and 4-Bedroom: $2,203/mo.
How do HUD Fair Market Rents compare to local incomes in Monroe County, PA?
At the local Census ACS median household income of $83,565/year ($6,964/month), the benchmark 2-bedroom Fair Market Rent represents 22% of monthly income.
How is the 30% housing affordability standard calculated in Monroe County, PA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,529/month, the required minimum annual gross income is calculated as ($1,529 × 12) ÷ 0.30 = $61,160 per year.