Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,560$18,720 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Salem, OR
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Salem, OR
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 | $1,181 | $14,172 | $47,240 | $22.71/hr |
| 1-Bedroom Apartment | $1,201 | $14,412 | $48,040 | $23.10/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,560 | $18,720 | $62,400 | $30.00/hr |
| 3-Bedroom Home | $2,159 | $25,908 | $86,360 | $41.52/hr |
| 4-Bedroom Home | $2,338 | $28,056 | $93,520 | $44.96/hr |
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Frequently Asked Questions About Rent in Salem, OR
What is the Fair Market Rent for a 2-bedroom in Salem, OR?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Salem, OR is $1,560 per month ($18,720 per year).
What hourly wage is needed to afford rent in Salem, OR?
To comfortably afford a 2-bedroom apartment at $1,560/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $30.00 per hour ($62,400/year).
What are the HUD Fair Market Rents by bedroom count in Salem, OR?
Official 2026 HUD rents in Salem, OR are: Studio: $1,181/mo, 1-Bedroom: $1,201/mo, 2-Bedroom: $1,560/mo, 3-Bedroom: $2,159/mo, and 4-Bedroom: $2,338/mo.
How do HUD Fair Market Rents compare to local incomes in Salem, OR?
At the local Census ACS median household income of $75,487/year ($6,291/month), the benchmark 2-bedroom Fair Market Rent represents 24.8% of monthly income.
How is the 30% housing affordability standard calculated in Salem, OR?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,560/month, the required minimum annual gross income is calculated as ($1,560 × 12) ÷ 0.30 = $62,400 per year.