Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,180$14,160 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Montezuma County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Montezuma County, CO
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 | $852 | $10,224 | $34,080 | $16.38/hr |
| 1-Bedroom Apartment | $906 | $10,872 | $36,240 | $17.42/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,180 | $14,160 | $47,200 | $22.69/hr |
| 3-Bedroom Home | $1,569 | $18,828 | $62,760 | $30.17/hr |
| 4-Bedroom Home | $1,850 | $22,200 | $74,000 | $35.58/hr |
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Frequently Asked Questions About Rent in Montezuma County, CO
What is the Fair Market Rent for a 2-bedroom in Montezuma County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Montezuma County, CO is $1,180 per month ($14,160 per year).
What hourly wage is needed to afford rent in Montezuma County, CO?
To comfortably afford a 2-bedroom apartment at $1,180/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.69 per hour ($47,200/year).
What are the HUD Fair Market Rents by bedroom count in Montezuma County, CO?
Official 2026 HUD rents in Montezuma County, CO are: Studio: $852/mo, 1-Bedroom: $906/mo, 2-Bedroom: $1,180/mo, 3-Bedroom: $1,569/mo, and 4-Bedroom: $1,850/mo.
How do HUD Fair Market Rents compare to local incomes in Montezuma County, CO?
At the local Census ACS median household income of $65,244/year ($5,437/month), the benchmark 2-bedroom Fair Market Rent represents 21.7% of monthly income.
How is the 30% housing affordability standard calculated in Montezuma County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,180/month, the required minimum annual gross income is calculated as ($1,180 × 12) ÷ 0.30 = $47,200 per year.