Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,465$17,580 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in North Myrtle Beach, SC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: North Myrtle Beach, SC
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 | $1,145 | $13,740 | $45,800 | $22.02/hr |
| 1-Bedroom Apartment | $1,229 | $14,748 | $49,160 | $23.63/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,465 | $17,580 | $58,600 | $28.17/hr |
| 3-Bedroom Home | $1,805 | $21,660 | $72,200 | $34.71/hr |
| 4-Bedroom Home | $2,111 | $25,332 | $84,440 | $40.60/hr |
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Frequently Asked Questions About Rent in North Myrtle Beach, SC
What is the Fair Market Rent for a 2-bedroom in North Myrtle Beach, SC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in North Myrtle Beach, SC is $1,465 per month ($17,580 per year).
What hourly wage is needed to afford rent in North Myrtle Beach, SC?
To comfortably afford a 2-bedroom apartment at $1,465/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $28.17 per hour ($58,600/year).
What are the HUD Fair Market Rents by bedroom count in North Myrtle Beach, SC?
Official 2026 HUD rents in North Myrtle Beach, SC are: Studio: $1,145/mo, 1-Bedroom: $1,229/mo, 2-Bedroom: $1,465/mo, 3-Bedroom: $1,805/mo, and 4-Bedroom: $2,111/mo.
How do HUD Fair Market Rents compare to local incomes in North Myrtle Beach, SC?
At the local Census ACS median household income of $72,722/year ($6,060/month), the benchmark 2-bedroom Fair Market Rent represents 24.2% of monthly income.
How is the 30% housing affordability standard calculated in North Myrtle Beach, SC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,465/month, the required minimum annual gross income is calculated as ($1,465 × 12) ÷ 0.30 = $58,600 per year.