Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,016$12,192 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Nelson County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Nelson County, KY
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 | $770 | $9,240 | $30,800 | $14.81/hr |
| 1-Bedroom Apartment | $781 | $9,372 | $31,240 | $15.02/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,016 | $12,192 | $40,640 | $19.54/hr |
| 3-Bedroom Home | $1,360 | $16,320 | $54,400 | $26.15/hr |
| 4-Bedroom Home | $1,704 | $20,448 | $68,160 | $32.77/hr |
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Frequently Asked Questions About Rent in Nelson County, KY
What is the Fair Market Rent for a 2-bedroom in Nelson County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Nelson County, KY is $1,016 per month ($12,192 per year).
What hourly wage is needed to afford rent in Nelson County, KY?
To comfortably afford a 2-bedroom apartment at $1,016/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.54 per hour ($40,640/year).
What are the HUD Fair Market Rents by bedroom count in Nelson County, KY?
Official 2026 HUD rents in Nelson County, KY are: Studio: $770/mo, 1-Bedroom: $781/mo, 2-Bedroom: $1,016/mo, 3-Bedroom: $1,360/mo, and 4-Bedroom: $1,704/mo.
How do HUD Fair Market Rents compare to local incomes in Nelson County, KY?
At the local Census ACS median household income of $69,562/year ($5,797/month), the benchmark 2-bedroom Fair Market Rent represents 17.5% of monthly income.
How is the 30% housing affordability standard calculated in Nelson County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,016/month, the required minimum annual gross income is calculated as ($1,016 × 12) ÷ 0.30 = $40,640 per year.