Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,211$14,532 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Sheridan County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Sheridan County, MT
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 | $908 | $10,896 | $36,320 | $17.46/hr |
| 1-Bedroom Apartment | $923 | $11,076 | $36,920 | $17.75/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,211 | $14,532 | $48,440 | $23.29/hr |
| 3-Bedroom Home | $1,684 | $20,208 | $67,360 | $32.38/hr |
| 4-Bedroom Home | $1,809 | $21,708 | $72,360 | $34.79/hr |
See comprehensive cost of living profile for Sheridan County, MT →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Montana:
Frequently Asked Questions About Rent in Sheridan County, MT
What is the Fair Market Rent for a 2-bedroom in Sheridan County, MT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Sheridan County, MT is $1,211 per month ($14,532 per year).
What hourly wage is needed to afford rent in Sheridan County, MT?
To comfortably afford a 2-bedroom apartment at $1,211/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.29 per hour ($48,440/year).
What are the HUD Fair Market Rents by bedroom count in Sheridan County, MT?
Official 2026 HUD rents in Sheridan County, MT are: Studio: $908/mo, 1-Bedroom: $923/mo, 2-Bedroom: $1,211/mo, 3-Bedroom: $1,684/mo, and 4-Bedroom: $1,809/mo.
How do HUD Fair Market Rents compare to local incomes in Sheridan County, MT?
At the local Census ACS median household income of $70,147/year ($5,846/month), the benchmark 2-bedroom Fair Market Rent represents 20.7% of monthly income.
How is the 30% housing affordability standard calculated in Sheridan County, MT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,211/month, the required minimum annual gross income is calculated as ($1,211 × 12) ÷ 0.30 = $48,440 per year.