Rental Benchmark Overview
2-Bedroom Benchmark Rent
$2,671$32,052 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in San Luis Obispo, CA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: San Luis Obispo, CA
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 | $1,842 | $22,104 | $73,680 | $35.42/hr |
| 1-Bedroom Apartment | $2,036 | $24,432 | $81,440 | $39.15/hr |
| 2-Bedroom ApartmentStandard Benchmark | $2,671 | $32,052 | $106,840 | $51.37/hr |
| 3-Bedroom Home | $3,584 | $43,008 | $143,360 | $68.92/hr |
| 4-Bedroom Home | $4,105 | $49,260 | $164,200 | $78.94/hr |
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Frequently Asked Questions About Rent in San Luis Obispo, CA
What is the Fair Market Rent for a 2-bedroom in San Luis Obispo, CA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in San Luis Obispo, CA is $2,671 per month ($32,052 per year).
What hourly wage is needed to afford rent in San Luis Obispo, CA?
To comfortably afford a 2-bedroom apartment at $2,671/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $51.37 per hour ($106,840/year).
What are the HUD Fair Market Rents by bedroom count in San Luis Obispo, CA?
Official 2026 HUD rents in San Luis Obispo, CA are: Studio: $1,842/mo, 1-Bedroom: $2,036/mo, 2-Bedroom: $2,671/mo, 3-Bedroom: $3,584/mo, and 4-Bedroom: $4,105/mo.
How do HUD Fair Market Rents compare to local incomes in San Luis Obispo, CA?
At the local Census ACS median household income of $73,685/year ($6,140/month), the benchmark 2-bedroom Fair Market Rent represents 43.5% of monthly income.
How is the 30% housing affordability standard calculated in San Luis Obispo, CA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $2,671/month, the required minimum annual gross income is calculated as ($2,671 × 12) ÷ 0.30 = $106,840 per year.