Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,276$15,312 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Richland County, SC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Richland County, SC
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 | $1,032 | $12,384 | $41,280 | $19.85/hr |
| 1-Bedroom Apartment | $1,164 | $13,968 | $46,560 | $22.38/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,276 | $15,312 | $51,040 | $24.54/hr |
| 3-Bedroom Home | $1,623 | $19,476 | $64,920 | $31.21/hr |
| 4-Bedroom Home | $1,911 | $22,932 | $76,440 | $36.75/hr |
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Frequently Asked Questions About Rent in Richland County, SC
What is the Fair Market Rent for a 2-bedroom in Richland County, SC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Richland County, SC is $1,276 per month ($15,312 per year).
What hourly wage is needed to afford rent in Richland County, SC?
To comfortably afford a 2-bedroom apartment at $1,276/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.54 per hour ($51,040/year).
What are the HUD Fair Market Rents by bedroom count in Richland County, SC?
Official 2026 HUD rents in Richland County, SC are: Studio: $1,032/mo, 1-Bedroom: $1,164/mo, 2-Bedroom: $1,276/mo, 3-Bedroom: $1,623/mo, and 4-Bedroom: $1,911/mo.
How do HUD Fair Market Rents compare to local incomes in Richland County, SC?
At the local Census ACS median household income of $63,784/year ($5,315/month), the benchmark 2-bedroom Fair Market Rent represents 24% of monthly income.
How is the 30% housing affordability standard calculated in Richland County, SC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,276/month, the required minimum annual gross income is calculated as ($1,276 × 12) ÷ 0.30 = $51,040 per year.