Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,034$12,408 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Stanley County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Stanley 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 | $713 | $8,556 | $28,520 | $13.71/hr |
| 1-Bedroom Apartment | $788 | $9,456 | $31,520 | $15.15/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,034 | $12,408 | $41,360 | $19.88/hr |
| 3-Bedroom Home | $1,316 | $15,792 | $52,640 | $25.31/hr |
| 4-Bedroom Home | $1,601 | $19,212 | $64,040 | $30.79/hr |
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Frequently Asked Questions About Rent in Stanley County, SD
What is the Fair Market Rent for a 2-bedroom in Stanley County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Stanley County, SD is $1,034 per month ($12,408 per year).
What hourly wage is needed to afford rent in Stanley County, SD?
To comfortably afford a 2-bedroom apartment at $1,034/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.88 per hour ($41,360/year).
What are the HUD Fair Market Rents by bedroom count in Stanley County, SD?
Official 2026 HUD rents in Stanley County, SD are: Studio: $713/mo, 1-Bedroom: $788/mo, 2-Bedroom: $1,034/mo, 3-Bedroom: $1,316/mo, and 4-Bedroom: $1,601/mo.
How do HUD Fair Market Rents compare to local incomes in Stanley County, SD?
At the local Census ACS median household income of $87,712/year ($7,309/month), the benchmark 2-bedroom Fair Market Rent represents 14.1% of monthly income.
How is the 30% housing affordability standard calculated in Stanley County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,034/month, the required minimum annual gross income is calculated as ($1,034 × 12) ÷ 0.30 = $41,360 per year.