Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,785$21,420 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Okaloosa County, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Okaloosa County, FL
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 | $1,362 | $16,344 | $54,480 | $26.19/hr |
| 1-Bedroom Apartment | $1,581 | $18,972 | $63,240 | $30.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,785 | $21,420 | $71,400 | $34.33/hr |
| 3-Bedroom Home | $2,448 | $29,376 | $97,920 | $47.08/hr |
| 4-Bedroom Home | $2,979 | $35,748 | $119,160 | $57.29/hr |
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Frequently Asked Questions About Rent in Okaloosa County, FL
What is the Fair Market Rent for a 2-bedroom in Okaloosa County, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Okaloosa County, FL is $1,785 per month ($21,420 per year).
What hourly wage is needed to afford rent in Okaloosa County, FL?
To comfortably afford a 2-bedroom apartment at $1,785/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $34.33 per hour ($71,400/year).
What are the HUD Fair Market Rents by bedroom count in Okaloosa County, FL?
Official 2026 HUD rents in Okaloosa County, FL are: Studio: $1,362/mo, 1-Bedroom: $1,581/mo, 2-Bedroom: $1,785/mo, 3-Bedroom: $2,448/mo, and 4-Bedroom: $2,979/mo.
How do HUD Fair Market Rents compare to local incomes in Okaloosa County, FL?
At the local Census ACS median household income of $81,998/year ($6,833/month), the benchmark 2-bedroom Fair Market Rent represents 26.1% of monthly income.
How is the 30% housing affordability standard calculated in Okaloosa County, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,785/month, the required minimum annual gross income is calculated as ($1,785 × 12) ÷ 0.30 = $71,400 per year.