Rental Benchmark Overview
2-Bedroom Benchmark Rent
$905$10,860 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Montgomery County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Montgomery County, KY
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 | $647 | $7,764 | $25,880 | $12.44/hr |
| 1-Bedroom Apartment | $690 | $8,280 | $27,600 | $13.27/hr |
| 2-Bedroom ApartmentStandard Benchmark | $905 | $10,860 | $36,200 | $17.40/hr |
| 3-Bedroom Home | $1,194 | $14,328 | $47,760 | $22.96/hr |
| 4-Bedroom Home | $1,198 | $14,376 | $47,920 | $23.04/hr |
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Frequently Asked Questions About Rent in Montgomery County, KY
What is the Fair Market Rent for a 2-bedroom in Montgomery County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Montgomery County, KY is $905 per month ($10,860 per year).
What hourly wage is needed to afford rent in Montgomery County, KY?
To comfortably afford a 2-bedroom apartment at $905/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.40 per hour ($36,200/year).
What are the HUD Fair Market Rents by bedroom count in Montgomery County, KY?
Official 2026 HUD rents in Montgomery County, KY are: Studio: $647/mo, 1-Bedroom: $690/mo, 2-Bedroom: $905/mo, 3-Bedroom: $1,194/mo, and 4-Bedroom: $1,198/mo.
How do HUD Fair Market Rents compare to local incomes in Montgomery County, KY?
At the local Census ACS median household income of $56,396/year ($4,700/month), the benchmark 2-bedroom Fair Market Rent represents 19.3% of monthly income.
How is the 30% housing affordability standard calculated in Montgomery County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $905/month, the required minimum annual gross income is calculated as ($905 × 12) ÷ 0.30 = $36,200 per year.