Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,160$13,920 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Morgan County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Morgan 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 | $878 | $10,536 | $35,120 | $16.88/hr |
| 1-Bedroom Apartment | $884 | $10,608 | $35,360 | $17.00/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,160 | $13,920 | $46,400 | $22.31/hr |
| 3-Bedroom Home | $1,606 | $19,272 | $64,240 | $30.88/hr |
| 4-Bedroom Home | $1,824 | $21,888 | $72,960 | $35.08/hr |
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Frequently Asked Questions About Rent in Morgan County, CO
What is the Fair Market Rent for a 2-bedroom in Morgan County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Morgan County, CO is $1,160 per month ($13,920 per year).
What hourly wage is needed to afford rent in Morgan County, CO?
To comfortably afford a 2-bedroom apartment at $1,160/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.31 per hour ($46,400/year).
What are the HUD Fair Market Rents by bedroom count in Morgan County, CO?
Official 2026 HUD rents in Morgan County, CO are: Studio: $878/mo, 1-Bedroom: $884/mo, 2-Bedroom: $1,160/mo, 3-Bedroom: $1,606/mo, and 4-Bedroom: $1,824/mo.
How do HUD Fair Market Rents compare to local incomes in Morgan County, CO?
At the local Census ACS median household income of $73,278/year ($6,107/month), the benchmark 2-bedroom Fair Market Rent represents 19% of monthly income.
How is the 30% housing affordability standard calculated in Morgan County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,160/month, the required minimum annual gross income is calculated as ($1,160 × 12) ÷ 0.30 = $46,400 per year.