Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,060$12,720 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Pharr, TX
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Pharr, 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 | $842 | $10,104 | $33,680 | $16.19/hr |
| 1-Bedroom Apartment | $847 | $10,164 | $33,880 | $16.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,060 | $12,720 | $42,400 | $20.38/hr |
| 3-Bedroom Home | $1,376 | $16,512 | $55,040 | $26.46/hr |
| 4-Bedroom Home | $1,522 | $18,264 | $60,880 | $29.27/hr |
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Frequently Asked Questions About Rent in Pharr, TX
What is the Fair Market Rent for a 2-bedroom in Pharr, TX?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Pharr, TX is $1,060 per month ($12,720 per year).
What hourly wage is needed to afford rent in Pharr, TX?
To comfortably afford a 2-bedroom apartment at $1,060/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.38 per hour ($42,400/year).
What are the HUD Fair Market Rents by bedroom count in Pharr, TX?
Official 2026 HUD rents in Pharr, TX are: Studio: $842/mo, 1-Bedroom: $847/mo, 2-Bedroom: $1,060/mo, 3-Bedroom: $1,376/mo, and 4-Bedroom: $1,522/mo.
How do HUD Fair Market Rents compare to local incomes in Pharr, TX?
At the local Census ACS median household income of $52,814/year ($4,401/month), the benchmark 2-bedroom Fair Market Rent represents 24.1% of monthly income.
How is the 30% housing affordability standard calculated in Pharr, TX?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,060/month, the required minimum annual gross income is calculated as ($1,060 × 12) ÷ 0.30 = $42,400 per year.