Rental Benchmark Overview
2-Bedroom Benchmark Rent
$961$11,532 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Morgan County, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Morgan County, AL
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 | $755 | $9,060 | $30,200 | $14.52/hr |
| 1-Bedroom Apartment | $776 | $9,312 | $31,040 | $14.92/hr |
| 2-Bedroom ApartmentStandard Benchmark | $961 | $11,532 | $38,440 | $18.48/hr |
| 3-Bedroom Home | $1,262 | $15,144 | $50,480 | $24.27/hr |
| 4-Bedroom Home | $1,550 | $18,600 | $62,000 | $29.81/hr |
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Frequently Asked Questions About Rent in Morgan County, AL
What is the Fair Market Rent for a 2-bedroom in Morgan County, AL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Morgan County, AL is $961 per month ($11,532 per year).
What hourly wage is needed to afford rent in Morgan County, AL?
To comfortably afford a 2-bedroom apartment at $961/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.48 per hour ($38,440/year).
What are the HUD Fair Market Rents by bedroom count in Morgan County, AL?
Official 2026 HUD rents in Morgan County, AL are: Studio: $755/mo, 1-Bedroom: $776/mo, 2-Bedroom: $961/mo, 3-Bedroom: $1,262/mo, and 4-Bedroom: $1,550/mo.
How do HUD Fair Market Rents compare to local incomes in Morgan County, AL?
At the local Census ACS median household income of $68,845/year ($5,737/month), the benchmark 2-bedroom Fair Market Rent represents 16.8% of monthly income.
How is the 30% housing affordability standard calculated in Morgan County, AL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $961/month, the required minimum annual gross income is calculated as ($961 × 12) ÷ 0.30 = $38,440 per year.