Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,261$15,132 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Richmond County, GA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Richmond County, GA
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 | $939 | $11,268 | $37,560 | $18.06/hr |
| 1-Bedroom Apartment | $1,114 | $13,368 | $44,560 | $21.42/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,261 | $15,132 | $50,440 | $24.25/hr |
| 3-Bedroom Home | $1,627 | $19,524 | $65,080 | $31.29/hr |
| 4-Bedroom Home | $1,984 | $23,808 | $79,360 | $38.15/hr |
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Frequently Asked Questions About Rent in Richmond County, GA
What is the Fair Market Rent for a 2-bedroom in Richmond County, GA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Richmond County, GA is $1,261 per month ($15,132 per year).
What hourly wage is needed to afford rent in Richmond County, GA?
To comfortably afford a 2-bedroom apartment at $1,261/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.25 per hour ($50,440/year).
What are the HUD Fair Market Rents by bedroom count in Richmond County, GA?
Official 2026 HUD rents in Richmond County, GA are: Studio: $939/mo, 1-Bedroom: $1,114/mo, 2-Bedroom: $1,261/mo, 3-Bedroom: $1,627/mo, and 4-Bedroom: $1,984/mo.
How do HUD Fair Market Rents compare to local incomes in Richmond County, GA?
At the local Census ACS median household income of $55,637/year ($4,636/month), the benchmark 2-bedroom Fair Market Rent represents 27.2% of monthly income.
How is the 30% housing affordability standard calculated in Richmond County, GA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,261/month, the required minimum annual gross income is calculated as ($1,261 × 12) ÷ 0.30 = $50,440 per year.