Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,358$16,296 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Platte County, MO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Platte County, MO
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 | $1,095 | $13,140 | $43,800 | $21.06/hr |
| 1-Bedroom Apartment | $1,197 | $14,364 | $47,880 | $23.02/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,358 | $16,296 | $54,320 | $26.12/hr |
| 3-Bedroom Home | $1,769 | $21,228 | $70,760 | $34.02/hr |
| 4-Bedroom Home | $2,103 | $25,236 | $84,120 | $40.44/hr |
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Frequently Asked Questions About Rent in Platte County, MO
What is the Fair Market Rent for a 2-bedroom in Platte County, MO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Platte County, MO is $1,358 per month ($16,296 per year).
What hourly wage is needed to afford rent in Platte County, MO?
To comfortably afford a 2-bedroom apartment at $1,358/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.12 per hour ($54,320/year).
What are the HUD Fair Market Rents by bedroom count in Platte County, MO?
Official 2026 HUD rents in Platte County, MO are: Studio: $1,095/mo, 1-Bedroom: $1,197/mo, 2-Bedroom: $1,358/mo, 3-Bedroom: $1,769/mo, and 4-Bedroom: $2,103/mo.
How do HUD Fair Market Rents compare to local incomes in Platte County, MO?
At the local Census ACS median household income of $96,227/year ($8,019/month), the benchmark 2-bedroom Fair Market Rent represents 16.9% of monthly income.
How is the 30% housing affordability standard calculated in Platte County, MO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,358/month, the required minimum annual gross income is calculated as ($1,358 × 12) ÷ 0.30 = $54,320 per year.