Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,036$12,432 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Monroe County, WI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Monroe County, WI
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 | $714 | $8,568 | $28,560 | $13.73/hr |
| 1-Bedroom Apartment | $828 | $9,936 | $33,120 | $15.92/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,036 | $12,432 | $41,440 | $19.92/hr |
| 3-Bedroom Home | $1,360 | $16,320 | $54,400 | $26.15/hr |
| 4-Bedroom Home | $1,413 | $16,956 | $56,520 | $27.17/hr |
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Frequently Asked Questions About Rent in Monroe County, WI
What is the Fair Market Rent for a 2-bedroom in Monroe County, WI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Monroe County, WI is $1,036 per month ($12,432 per year).
What hourly wage is needed to afford rent in Monroe County, WI?
To comfortably afford a 2-bedroom apartment at $1,036/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.92 per hour ($41,440/year).
What are the HUD Fair Market Rents by bedroom count in Monroe County, WI?
Official 2026 HUD rents in Monroe County, WI are: Studio: $714/mo, 1-Bedroom: $828/mo, 2-Bedroom: $1,036/mo, 3-Bedroom: $1,360/mo, and 4-Bedroom: $1,413/mo.
How do HUD Fair Market Rents compare to local incomes in Monroe County, WI?
At the local Census ACS median household income of $69,467/year ($5,789/month), the benchmark 2-bedroom Fair Market Rent represents 17.9% of monthly income.
How is the 30% housing affordability standard calculated in Monroe County, WI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,036/month, the required minimum annual gross income is calculated as ($1,036 × 12) ÷ 0.30 = $41,440 per year.