Rental Benchmark Overview
2-Bedroom Benchmark Rent
$2,467$29,604 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Summit County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Summit County, CO
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 | $1,701 | $20,412 | $68,040 | $32.71/hr |
| 1-Bedroom Apartment | $1,880 | $22,560 | $75,200 | $36.15/hr |
| 2-Bedroom ApartmentStandard Benchmark | $2,467 | $29,604 | $98,680 | $47.44/hr |
| 3-Bedroom Home | $2,958 | $35,496 | $118,320 | $56.88/hr |
| 4-Bedroom Home | $3,268 | $39,216 | $130,720 | $62.85/hr |
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Frequently Asked Questions About Rent in Summit County, CO
What is the Fair Market Rent for a 2-bedroom in Summit County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Summit County, CO is $2,467 per month ($29,604 per year).
What hourly wage is needed to afford rent in Summit County, CO?
To comfortably afford a 2-bedroom apartment at $2,467/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $47.44 per hour ($98,680/year).
What are the HUD Fair Market Rents by bedroom count in Summit County, CO?
Official 2026 HUD rents in Summit County, CO are: Studio: $1,701/mo, 1-Bedroom: $1,880/mo, 2-Bedroom: $2,467/mo, 3-Bedroom: $2,958/mo, and 4-Bedroom: $3,268/mo.
How do HUD Fair Market Rents compare to local incomes in Summit County, CO?
At the local Census ACS median household income of $109,773/year ($9,148/month), the benchmark 2-bedroom Fair Market Rent represents 27% of monthly income.
How is the 30% housing affordability standard calculated in Summit County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $2,467/month, the required minimum annual gross income is calculated as ($2,467 × 12) ÷ 0.30 = $98,680 per year.