Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,049$12,588 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Nobles County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Nobles County, MN
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 | $723 | $8,676 | $28,920 | $13.90/hr |
| 1-Bedroom Apartment | $799 | $9,588 | $31,960 | $15.37/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,049 | $12,588 | $41,960 | $20.17/hr |
| 3-Bedroom Home | $1,294 | $15,528 | $51,760 | $24.88/hr |
| 4-Bedroom Home | $1,389 | $16,668 | $55,560 | $26.71/hr |
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Frequently Asked Questions About Rent in Nobles County, MN
What is the Fair Market Rent for a 2-bedroom in Nobles County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Nobles County, MN is $1,049 per month ($12,588 per year).
What hourly wage is needed to afford rent in Nobles County, MN?
To comfortably afford a 2-bedroom apartment at $1,049/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.17 per hour ($41,960/year).
What are the HUD Fair Market Rents by bedroom count in Nobles County, MN?
Official 2026 HUD rents in Nobles County, MN are: Studio: $723/mo, 1-Bedroom: $799/mo, 2-Bedroom: $1,049/mo, 3-Bedroom: $1,294/mo, and 4-Bedroom: $1,389/mo.
How do HUD Fair Market Rents compare to local incomes in Nobles County, MN?
At the local Census ACS median household income of $66,101/year ($5,508/month), the benchmark 2-bedroom Fair Market Rent represents 19% of monthly income.
How is the 30% housing affordability standard calculated in Nobles County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,049/month, the required minimum annual gross income is calculated as ($1,049 × 12) ÷ 0.30 = $41,960 per year.