Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,175$14,100 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Rockford, IL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Rockford, IL
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 | $810 | $9,720 | $32,400 | $15.58/hr |
| 1-Bedroom Apartment | $895 | $10,740 | $35,800 | $17.21/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,175 | $14,100 | $47,000 | $22.60/hr |
| 3-Bedroom Home | $1,555 | $18,660 | $62,200 | $29.90/hr |
| 4-Bedroom Home | $1,594 | $19,128 | $63,760 | $30.65/hr |
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Frequently Asked Questions About Rent in Rockford, IL
What is the Fair Market Rent for a 2-bedroom in Rockford, IL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Rockford, IL is $1,175 per month ($14,100 per year).
What hourly wage is needed to afford rent in Rockford, IL?
To comfortably afford a 2-bedroom apartment at $1,175/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.60 per hour ($47,000/year).
What are the HUD Fair Market Rents by bedroom count in Rockford, IL?
Official 2026 HUD rents in Rockford, IL are: Studio: $810/mo, 1-Bedroom: $895/mo, 2-Bedroom: $1,175/mo, 3-Bedroom: $1,555/mo, and 4-Bedroom: $1,594/mo.
How do HUD Fair Market Rents compare to local incomes in Rockford, IL?
At the local Census ACS median household income of $54,752/year ($4,563/month), the benchmark 2-bedroom Fair Market Rent represents 25.8% of monthly income.
How is the 30% housing affordability standard calculated in Rockford, IL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,175/month, the required minimum annual gross income is calculated as ($1,175 × 12) ÷ 0.30 = $47,000 per year.