Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,117$13,404 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Saginaw County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Saginaw County, MI
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 | $770 | $9,240 | $30,800 | $14.81/hr |
| 1-Bedroom Apartment | $851 | $10,212 | $34,040 | $16.37/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,117 | $13,404 | $44,680 | $21.48/hr |
| 3-Bedroom Home | $1,440 | $17,280 | $57,600 | $27.69/hr |
| 4-Bedroom Home | $1,479 | $17,748 | $59,160 | $28.44/hr |
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Frequently Asked Questions About Rent in Saginaw County, MI
What is the Fair Market Rent for a 2-bedroom in Saginaw County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Saginaw County, MI is $1,117 per month ($13,404 per year).
What hourly wage is needed to afford rent in Saginaw County, MI?
To comfortably afford a 2-bedroom apartment at $1,117/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.48 per hour ($44,680/year).
What are the HUD Fair Market Rents by bedroom count in Saginaw County, MI?
Official 2026 HUD rents in Saginaw County, MI are: Studio: $770/mo, 1-Bedroom: $851/mo, 2-Bedroom: $1,117/mo, 3-Bedroom: $1,440/mo, and 4-Bedroom: $1,479/mo.
How do HUD Fair Market Rents compare to local incomes in Saginaw County, MI?
At the local Census ACS median household income of $60,622/year ($5,052/month), the benchmark 2-bedroom Fair Market Rent represents 22.1% of monthly income.
How is the 30% housing affordability standard calculated in Saginaw County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,117/month, the required minimum annual gross income is calculated as ($1,117 × 12) ÷ 0.30 = $44,680 per year.