Rental Benchmark Overview
2-Bedroom Benchmark Rent
$991$11,892 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Stevens County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Stevens County, MN
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 | $683 | $8,196 | $27,320 | $13.13/hr |
| 1-Bedroom Apartment | $755 | $9,060 | $30,200 | $14.52/hr |
| 2-Bedroom ApartmentStandard Benchmark | $991 | $11,892 | $39,640 | $19.06/hr |
| 3-Bedroom Home | $1,378 | $16,536 | $55,120 | $26.50/hr |
| 4-Bedroom Home | $1,662 | $19,944 | $66,480 | $31.96/hr |
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Frequently Asked Questions About Rent in Stevens County, MN
What is the Fair Market Rent for a 2-bedroom in Stevens County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Stevens County, MN is $991 per month ($11,892 per year).
What hourly wage is needed to afford rent in Stevens County, MN?
To comfortably afford a 2-bedroom apartment at $991/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.06 per hour ($39,640/year).
What are the HUD Fair Market Rents by bedroom count in Stevens County, MN?
Official 2026 HUD rents in Stevens County, MN are: Studio: $683/mo, 1-Bedroom: $755/mo, 2-Bedroom: $991/mo, 3-Bedroom: $1,378/mo, and 4-Bedroom: $1,662/mo.
How do HUD Fair Market Rents compare to local incomes in Stevens County, MN?
At the local Census ACS median household income of $75,733/year ($6,311/month), the benchmark 2-bedroom Fair Market Rent represents 15.7% of monthly income.
How is the 30% housing affordability standard calculated in Stevens County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $991/month, the required minimum annual gross income is calculated as ($991 × 12) ÷ 0.30 = $39,640 per year.