Rental Benchmark Overview
2-Bedroom Benchmark Rent
$2,214$26,568 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Pitkin County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Pitkin County, CO
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 | $1,526 | $18,312 | $61,040 | $29.35/hr |
| 1-Bedroom Apartment | $2,020 | $24,240 | $80,800 | $38.85/hr |
| 2-Bedroom ApartmentStandard Benchmark | $2,214 | $26,568 | $88,560 | $42.58/hr |
| 3-Bedroom Home | $2,826 | $33,912 | $113,040 | $54.35/hr |
| 4-Bedroom Home | $3,471 | $41,652 | $138,840 | $66.75/hr |
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Frequently Asked Questions About Rent in Pitkin County, CO
What is the Fair Market Rent for a 2-bedroom in Pitkin County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Pitkin County, CO is $2,214 per month ($26,568 per year).
What hourly wage is needed to afford rent in Pitkin County, CO?
To comfortably afford a 2-bedroom apartment at $2,214/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $42.58 per hour ($88,560/year).
What are the HUD Fair Market Rents by bedroom count in Pitkin County, CO?
Official 2026 HUD rents in Pitkin County, CO are: Studio: $1,526/mo, 1-Bedroom: $2,020/mo, 2-Bedroom: $2,214/mo, 3-Bedroom: $2,826/mo, and 4-Bedroom: $3,471/mo.
How do HUD Fair Market Rents compare to local incomes in Pitkin County, CO?
At the local Census ACS median household income of $102,645/year ($8,554/month), the benchmark 2-bedroom Fair Market Rent represents 25.9% of monthly income.
How is the 30% housing affordability standard calculated in Pitkin County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $2,214/month, the required minimum annual gross income is calculated as ($2,214 × 12) ÷ 0.30 = $88,560 per year.