Rental Benchmark Overview
2-Bedroom Benchmark Rent
$888$10,656 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Morgan County, MO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Morgan County, MO
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 | $660 | $7,920 | $26,400 | $12.69/hr |
| 1-Bedroom Apartment | $745 | $8,940 | $29,800 | $14.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $888 | $10,656 | $35,520 | $17.08/hr |
| 3-Bedroom Home | $1,171 | $14,052 | $46,840 | $22.52/hr |
| 4-Bedroom Home | $1,176 | $14,112 | $47,040 | $22.62/hr |
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Frequently Asked Questions About Rent in Morgan County, MO
What is the Fair Market Rent for a 2-bedroom in Morgan County, MO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Morgan County, MO is $888 per month ($10,656 per year).
What hourly wage is needed to afford rent in Morgan County, MO?
To comfortably afford a 2-bedroom apartment at $888/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.08 per hour ($35,520/year).
What are the HUD Fair Market Rents by bedroom count in Morgan County, MO?
Official 2026 HUD rents in Morgan County, MO are: Studio: $660/mo, 1-Bedroom: $745/mo, 2-Bedroom: $888/mo, 3-Bedroom: $1,171/mo, and 4-Bedroom: $1,176/mo.
How do HUD Fair Market Rents compare to local incomes in Morgan County, MO?
At the local Census ACS median household income of $53,412/year ($4,451/month), the benchmark 2-bedroom Fair Market Rent represents 20% of monthly income.
How is the 30% housing affordability standard calculated in Morgan County, MO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $888/month, the required minimum annual gross income is calculated as ($888 × 12) ÷ 0.30 = $35,520 per year.