Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,081$12,972 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Steuben County, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Steuben County, NY
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 | $865 | $10,380 | $34,600 | $16.63/hr |
| 1-Bedroom Apartment | $871 | $10,452 | $34,840 | $16.75/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,081 | $12,972 | $43,240 | $20.79/hr |
| 3-Bedroom Home | $1,410 | $16,920 | $56,400 | $27.12/hr |
| 4-Bedroom Home | $1,800 | $21,600 | $72,000 | $34.62/hr |
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Frequently Asked Questions About Rent in Steuben County, NY
What is the Fair Market Rent for a 2-bedroom in Steuben County, NY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Steuben County, NY is $1,081 per month ($12,972 per year).
What hourly wage is needed to afford rent in Steuben County, NY?
To comfortably afford a 2-bedroom apartment at $1,081/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.79 per hour ($43,240/year).
What are the HUD Fair Market Rents by bedroom count in Steuben County, NY?
Official 2026 HUD rents in Steuben County, NY are: Studio: $865/mo, 1-Bedroom: $871/mo, 2-Bedroom: $1,081/mo, 3-Bedroom: $1,410/mo, and 4-Bedroom: $1,800/mo.
How do HUD Fair Market Rents compare to local incomes in Steuben County, NY?
At the local Census ACS median household income of $65,887/year ($5,491/month), the benchmark 2-bedroom Fair Market Rent represents 19.7% of monthly income.
How is the 30% housing affordability standard calculated in Steuben County, NY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,081/month, the required minimum annual gross income is calculated as ($1,081 × 12) ÷ 0.30 = $43,240 per year.