Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,235$14,820 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Mount Pleasant, WI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Mount Pleasant, WI
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 | $851 | $10,212 | $34,040 | $16.37/hr |
| 1-Bedroom Apartment | $988 | $11,856 | $39,520 | $19.00/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,235 | $14,820 | $49,400 | $23.75/hr |
| 3-Bedroom Home | $1,592 | $19,104 | $63,680 | $30.62/hr |
| 4-Bedroom Home | $1,962 | $23,544 | $78,480 | $37.73/hr |
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Frequently Asked Questions About Rent in Mount Pleasant, WI
What is the Fair Market Rent for a 2-bedroom in Mount Pleasant, WI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Mount Pleasant, WI is $1,235 per month ($14,820 per year).
What hourly wage is needed to afford rent in Mount Pleasant, WI?
To comfortably afford a 2-bedroom apartment at $1,235/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.75 per hour ($49,400/year).
What are the HUD Fair Market Rents by bedroom count in Mount Pleasant, WI?
Official 2026 HUD rents in Mount Pleasant, WI are: Studio: $851/mo, 1-Bedroom: $988/mo, 2-Bedroom: $1,235/mo, 3-Bedroom: $1,592/mo, and 4-Bedroom: $1,962/mo.
How do HUD Fair Market Rents compare to local incomes in Mount Pleasant, WI?
At the local Census ACS median household income of $91,616/year ($7,635/month), the benchmark 2-bedroom Fair Market Rent represents 16.2% of monthly income.
How is the 30% housing affordability standard calculated in Mount Pleasant, WI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,235/month, the required minimum annual gross income is calculated as ($1,235 × 12) ÷ 0.30 = $49,400 per year.