Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,288$15,456 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Rankin County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Rankin County, MS
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 | $1,091 | $13,092 | $43,640 | $20.98/hr |
| 1-Bedroom Apartment | $1,097 | $13,164 | $43,880 | $21.10/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,288 | $15,456 | $51,520 | $24.77/hr |
| 3-Bedroom Home | $1,544 | $18,528 | $61,760 | $29.69/hr |
| 4-Bedroom Home | $1,705 | $20,460 | $68,200 | $32.79/hr |
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Frequently Asked Questions About Rent in Rankin County, MS
What is the Fair Market Rent for a 2-bedroom in Rankin County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Rankin County, MS is $1,288 per month ($15,456 per year).
What hourly wage is needed to afford rent in Rankin County, MS?
To comfortably afford a 2-bedroom apartment at $1,288/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.77 per hour ($51,520/year).
What are the HUD Fair Market Rents by bedroom count in Rankin County, MS?
Official 2026 HUD rents in Rankin County, MS are: Studio: $1,091/mo, 1-Bedroom: $1,097/mo, 2-Bedroom: $1,288/mo, 3-Bedroom: $1,544/mo, and 4-Bedroom: $1,705/mo.
How do HUD Fair Market Rents compare to local incomes in Rankin County, MS?
At the local Census ACS median household income of $79,357/year ($6,613/month), the benchmark 2-bedroom Fair Market Rent represents 19.5% of monthly income.
How is the 30% housing affordability standard calculated in Rankin County, MS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,288/month, the required minimum annual gross income is calculated as ($1,288 × 12) ÷ 0.30 = $51,520 per year.