Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,870$22,440 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Storey County, NV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Storey County, NV
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 | $1,289 | $15,468 | $51,560 | $24.79/hr |
| 1-Bedroom Apartment | $1,489 | $17,868 | $59,560 | $28.63/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,870 | $22,440 | $74,800 | $35.96/hr |
| 3-Bedroom Home | $2,539 | $30,468 | $101,560 | $48.83/hr |
| 4-Bedroom Home | $2,949 | $35,388 | $117,960 | $56.71/hr |
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Frequently Asked Questions About Rent in Storey County, NV
What is the Fair Market Rent for a 2-bedroom in Storey County, NV?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Storey County, NV is $1,870 per month ($22,440 per year).
What hourly wage is needed to afford rent in Storey County, NV?
To comfortably afford a 2-bedroom apartment at $1,870/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $35.96 per hour ($74,800/year).
What are the HUD Fair Market Rents by bedroom count in Storey County, NV?
Official 2026 HUD rents in Storey County, NV are: Studio: $1,289/mo, 1-Bedroom: $1,489/mo, 2-Bedroom: $1,870/mo, 3-Bedroom: $2,539/mo, and 4-Bedroom: $2,949/mo.
How do HUD Fair Market Rents compare to local incomes in Storey County, NV?
At the local Census ACS median household income of $93,409/year ($7,784/month), the benchmark 2-bedroom Fair Market Rent represents 24% of monthly income.
How is the 30% housing affordability standard calculated in Storey County, NV?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,870/month, the required minimum annual gross income is calculated as ($1,870 × 12) ÷ 0.30 = $74,800 per year.