Rental Benchmark Overview
2-Bedroom Benchmark Rent
$911$10,932 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Rowan County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Rowan County, KY
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 | $628 | $7,536 | $25,120 | $12.08/hr |
| 1-Bedroom Apartment | $735 | $8,820 | $29,400 | $14.13/hr |
| 2-Bedroom ApartmentStandard Benchmark | $911 | $10,932 | $36,440 | $17.52/hr |
| 3-Bedroom Home | $1,156 | $13,872 | $46,240 | $22.23/hr |
| 4-Bedroom Home | $1,528 | $18,336 | $61,120 | $29.38/hr |
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Frequently Asked Questions About Rent in Rowan County, KY
What is the Fair Market Rent for a 2-bedroom in Rowan County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Rowan County, KY is $911 per month ($10,932 per year).
What hourly wage is needed to afford rent in Rowan County, KY?
To comfortably afford a 2-bedroom apartment at $911/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.52 per hour ($36,440/year).
What are the HUD Fair Market Rents by bedroom count in Rowan County, KY?
Official 2026 HUD rents in Rowan County, KY are: Studio: $628/mo, 1-Bedroom: $735/mo, 2-Bedroom: $911/mo, 3-Bedroom: $1,156/mo, and 4-Bedroom: $1,528/mo.
How do HUD Fair Market Rents compare to local incomes in Rowan County, KY?
At the local Census ACS median household income of $54,321/year ($4,527/month), the benchmark 2-bedroom Fair Market Rent represents 20.1% of monthly income.
How is the 30% housing affordability standard calculated in Rowan County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $911/month, the required minimum annual gross income is calculated as ($911 × 12) ÷ 0.30 = $36,440 per year.