Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,392$16,704 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Onondaga County, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Onondaga County, NY
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 | $995 | $11,940 | $39,800 | $19.13/hr |
| 1-Bedroom Apartment | $1,123 | $13,476 | $44,920 | $21.60/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,392 | $16,704 | $55,680 | $26.77/hr |
| 3-Bedroom Home | $1,691 | $20,292 | $67,640 | $32.52/hr |
| 4-Bedroom Home | $1,848 | $22,176 | $73,920 | $35.54/hr |
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Frequently Asked Questions About Rent in Onondaga County, NY
What is the Fair Market Rent for a 2-bedroom in Onondaga County, NY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Onondaga County, NY is $1,392 per month ($16,704 per year).
What hourly wage is needed to afford rent in Onondaga County, NY?
To comfortably afford a 2-bedroom apartment at $1,392/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.77 per hour ($55,680/year).
What are the HUD Fair Market Rents by bedroom count in Onondaga County, NY?
Official 2026 HUD rents in Onondaga County, NY are: Studio: $995/mo, 1-Bedroom: $1,123/mo, 2-Bedroom: $1,392/mo, 3-Bedroom: $1,691/mo, and 4-Bedroom: $1,848/mo.
How do HUD Fair Market Rents compare to local incomes in Onondaga County, NY?
At the local Census ACS median household income of $76,945/year ($6,412/month), the benchmark 2-bedroom Fair Market Rent represents 21.7% of monthly income.
How is the 30% housing affordability standard calculated in Onondaga County, NY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,392/month, the required minimum annual gross income is calculated as ($1,392 × 12) ÷ 0.30 = $55,680 per year.