Rental Benchmark Overview
2-Bedroom Benchmark Rent
$973$11,676 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Phillips County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Phillips County, MT
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 | $729 | $8,748 | $29,160 | $14.02/hr |
| 1-Bedroom Apartment | $888 | $10,656 | $35,520 | $17.08/hr |
| 2-Bedroom ApartmentStandard Benchmark | $973 | $11,676 | $38,920 | $18.71/hr |
| 3-Bedroom Home | $1,353 | $16,236 | $54,120 | $26.02/hr |
| 4-Bedroom Home | $1,573 | $18,876 | $62,920 | $30.25/hr |
See comprehensive cost of living profile for Phillips County, MT →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Montana:
Frequently Asked Questions About Rent in Phillips County, MT
What is the Fair Market Rent for a 2-bedroom in Phillips County, MT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Phillips County, MT is $973 per month ($11,676 per year).
What hourly wage is needed to afford rent in Phillips County, MT?
To comfortably afford a 2-bedroom apartment at $973/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.71 per hour ($38,920/year).
What are the HUD Fair Market Rents by bedroom count in Phillips County, MT?
Official 2026 HUD rents in Phillips County, MT are: Studio: $729/mo, 1-Bedroom: $888/mo, 2-Bedroom: $973/mo, 3-Bedroom: $1,353/mo, and 4-Bedroom: $1,573/mo.
How do HUD Fair Market Rents compare to local incomes in Phillips County, MT?
At the local Census ACS median household income of $53,417/year ($4,451/month), the benchmark 2-bedroom Fair Market Rent represents 21.9% of monthly income.
How is the 30% housing affordability standard calculated in Phillips County, MT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $973/month, the required minimum annual gross income is calculated as ($973 × 12) ÷ 0.30 = $38,920 per year.