Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,118$13,416 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Ogle County, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Ogle County, IL
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 | $771 | $9,252 | $30,840 | $14.83/hr |
| 1-Bedroom Apartment | $852 | $10,224 | $34,080 | $16.38/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,118 | $13,416 | $44,720 | $21.50/hr |
| 3-Bedroom Home | $1,365 | $16,380 | $54,600 | $26.25/hr |
| 4-Bedroom Home | $1,602 | $19,224 | $64,080 | $30.81/hr |
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Frequently Asked Questions About Rent in Ogle County, IL
What is the Fair Market Rent for a 2-bedroom in Ogle County, IL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Ogle County, IL is $1,118 per month ($13,416 per year).
What hourly wage is needed to afford rent in Ogle County, IL?
To comfortably afford a 2-bedroom apartment at $1,118/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.50 per hour ($44,720/year).
What are the HUD Fair Market Rents by bedroom count in Ogle County, IL?
Official 2026 HUD rents in Ogle County, IL are: Studio: $771/mo, 1-Bedroom: $852/mo, 2-Bedroom: $1,118/mo, 3-Bedroom: $1,365/mo, and 4-Bedroom: $1,602/mo.
How do HUD Fair Market Rents compare to local incomes in Ogle County, IL?
At the local Census ACS median household income of $82,132/year ($6,844/month), the benchmark 2-bedroom Fair Market Rent represents 16.3% of monthly income.
How is the 30% housing affordability standard calculated in Ogle County, IL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,118/month, the required minimum annual gross income is calculated as ($1,118 × 12) ÷ 0.30 = $44,720 per year.