Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,292$15,504 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in St. Joseph County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: St. Joseph County, IN
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 | $898 | $10,776 | $35,920 | $17.27/hr |
| 1-Bedroom Apartment | $1,105 | $13,260 | $44,200 | $21.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,292 | $15,504 | $51,680 | $24.85/hr |
| 3-Bedroom Home | $1,567 | $18,804 | $62,680 | $30.13/hr |
| 4-Bedroom Home | $1,711 | $20,532 | $68,440 | $32.90/hr |
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Frequently Asked Questions About Rent in St. Joseph County, IN
What is the Fair Market Rent for a 2-bedroom in St. Joseph County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in St. Joseph County, IN is $1,292 per month ($15,504 per year).
What hourly wage is needed to afford rent in St. Joseph County, IN?
To comfortably afford a 2-bedroom apartment at $1,292/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $24.85 per hour ($51,680/year).
What are the HUD Fair Market Rents by bedroom count in St. Joseph County, IN?
Official 2026 HUD rents in St. Joseph County, IN are: Studio: $898/mo, 1-Bedroom: $1,105/mo, 2-Bedroom: $1,292/mo, 3-Bedroom: $1,567/mo, and 4-Bedroom: $1,711/mo.
How do HUD Fair Market Rents compare to local incomes in St. Joseph County, IN?
At the local Census ACS median household income of $66,868/year ($5,572/month), the benchmark 2-bedroom Fair Market Rent represents 23.2% of monthly income.
How is the 30% housing affordability standard calculated in St. Joseph County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,292/month, the required minimum annual gross income is calculated as ($1,292 × 12) ÷ 0.30 = $51,680 per year.