Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,595$19,140 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Odessa, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Odessa, TX
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 | $1,245 | $14,940 | $49,800 | $23.94/hr |
| 1-Bedroom Apartment | $1,269 | $15,228 | $50,760 | $24.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,595 | $19,140 | $63,800 | $30.67/hr |
| 3-Bedroom Home | $1,912 | $22,944 | $76,480 | $36.77/hr |
| 4-Bedroom Home | $2,213 | $26,556 | $88,520 | $42.56/hr |
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Frequently Asked Questions About Rent in Odessa, TX
What is the Fair Market Rent for a 2-bedroom in Odessa, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Odessa, TX is $1,595 per month ($19,140 per year).
What hourly wage is needed to afford rent in Odessa, TX?
To comfortably afford a 2-bedroom apartment at $1,595/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $30.67 per hour ($63,800/year).
What are the HUD Fair Market Rents by bedroom count in Odessa, TX?
Official 2026 HUD rents in Odessa, TX are: Studio: $1,245/mo, 1-Bedroom: $1,269/mo, 2-Bedroom: $1,595/mo, 3-Bedroom: $1,912/mo, and 4-Bedroom: $2,213/mo.
How do HUD Fair Market Rents compare to local incomes in Odessa, TX?
At the local Census ACS median household income of $73,472/year ($6,123/month), the benchmark 2-bedroom Fair Market Rent represents 26.1% of monthly income.
How is the 30% housing affordability standard calculated in Odessa, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,595/month, the required minimum annual gross income is calculated as ($1,595 × 12) ÷ 0.30 = $63,800 per year.