Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,271$15,252 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Montgomery County, VA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Montgomery County, VA
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 | $910 | $10,920 | $36,400 | $17.50/hr |
| 1-Bedroom Apartment | $993 | $11,916 | $39,720 | $19.10/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,271 | $15,252 | $50,840 | $24.44/hr |
| 3-Bedroom Home | $1,706 | $20,472 | $68,240 | $32.81/hr |
| 4-Bedroom Home | $2,132 | $25,584 | $85,280 | $41.00/hr |
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Frequently Asked Questions About Rent in Montgomery County, VA
What is the Fair Market Rent for a 2-bedroom in Montgomery County, VA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Montgomery County, VA is $1,271 per month ($15,252 per year).
What hourly wage is needed to afford rent in Montgomery County, VA?
To comfortably afford a 2-bedroom apartment at $1,271/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.44 per hour ($50,840/year).
What are the HUD Fair Market Rents by bedroom count in Montgomery County, VA?
Official 2026 HUD rents in Montgomery County, VA are: Studio: $910/mo, 1-Bedroom: $993/mo, 2-Bedroom: $1,271/mo, 3-Bedroom: $1,706/mo, and 4-Bedroom: $2,132/mo.
How do HUD Fair Market Rents compare to local incomes in Montgomery County, VA?
At the local Census ACS median household income of $72,715/year ($6,060/month), the benchmark 2-bedroom Fair Market Rent represents 21% of monthly income.
How is the 30% housing affordability standard calculated in Montgomery County, VA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,271/month, the required minimum annual gross income is calculated as ($1,271 × 12) ÷ 0.30 = $50,840 per year.