Rental Benchmark Overview
2-Bedroom Benchmark Rent
$929$11,148 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Spink County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Spink County, SD
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 | $641 | $7,692 | $25,640 | $12.33/hr |
| 1-Bedroom Apartment | $777 | $9,324 | $31,080 | $14.94/hr |
| 2-Bedroom ApartmentStandard Benchmark | $929 | $11,148 | $37,160 | $17.87/hr |
| 3-Bedroom Home | $1,114 | $13,368 | $44,560 | $21.42/hr |
| 4-Bedroom Home | $1,537 | $18,444 | $61,480 | $29.56/hr |
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Frequently Asked Questions About Rent in Spink County, SD
What is the Fair Market Rent for a 2-bedroom in Spink County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Spink County, SD is $929 per month ($11,148 per year).
What hourly wage is needed to afford rent in Spink County, SD?
To comfortably afford a 2-bedroom apartment at $929/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $17.87 per hour ($37,160/year).
What are the HUD Fair Market Rents by bedroom count in Spink County, SD?
Official 2026 HUD rents in Spink County, SD are: Studio: $641/mo, 1-Bedroom: $777/mo, 2-Bedroom: $929/mo, 3-Bedroom: $1,114/mo, and 4-Bedroom: $1,537/mo.
How do HUD Fair Market Rents compare to local incomes in Spink County, SD?
At the local Census ACS median household income of $70,139/year ($5,845/month), the benchmark 2-bedroom Fair Market Rent represents 15.9% of monthly income.
How is the 30% housing affordability standard calculated in Spink County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $929/month, the required minimum annual gross income is calculated as ($929 × 12) ÷ 0.30 = $37,160 per year.