Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,637$19,644 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Prescott Valley, AZ
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Prescott Valley, AZ
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 | $1,129 | $13,548 | $45,160 | $21.71/hr |
| 1-Bedroom Apartment | $1,309 | $15,708 | $52,360 | $25.17/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,637 | $19,644 | $65,480 | $31.48/hr |
| 3-Bedroom Home | $2,277 | $27,324 | $91,080 | $43.79/hr |
| 4-Bedroom Home | $2,497 | $29,964 | $99,880 | $48.02/hr |
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Frequently Asked Questions About Rent in Prescott Valley, AZ
What is the Fair Market Rent for a 2-bedroom in Prescott Valley, AZ?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Prescott Valley, AZ is $1,637 per month ($19,644 per year).
What hourly wage is needed to afford rent in Prescott Valley, AZ?
To comfortably afford a 2-bedroom apartment at $1,637/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $31.48 per hour ($65,480/year).
What are the HUD Fair Market Rents by bedroom count in Prescott Valley, AZ?
Official 2026 HUD rents in Prescott Valley, AZ are: Studio: $1,129/mo, 1-Bedroom: $1,309/mo, 2-Bedroom: $1,637/mo, 3-Bedroom: $2,277/mo, and 4-Bedroom: $2,497/mo.
How do HUD Fair Market Rents compare to local incomes in Prescott Valley, AZ?
At the local Census ACS median household income of $74,569/year ($6,214/month), the benchmark 2-bedroom Fair Market Rent represents 26.3% of monthly income.
How is the 30% housing affordability standard calculated in Prescott Valley, AZ?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,637/month, the required minimum annual gross income is calculated as ($1,637 × 12) ÷ 0.30 = $65,480 per year.