Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,360$16,320 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Teton County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Teton County, MT
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 | $1,019 | $12,228 | $40,760 | $19.60/hr |
| 1-Bedroom Apartment | $1,241 | $14,892 | $49,640 | $23.87/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,360 | $16,320 | $54,400 | $26.15/hr |
| 3-Bedroom Home | $1,891 | $22,692 | $75,640 | $36.37/hr |
| 4-Bedroom Home | $2,171 | $26,052 | $86,840 | $41.75/hr |
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Frequently Asked Questions About Rent in Teton County, MT
What is the Fair Market Rent for a 2-bedroom in Teton County, MT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Teton County, MT is $1,360 per month ($16,320 per year).
What hourly wage is needed to afford rent in Teton County, MT?
To comfortably afford a 2-bedroom apartment at $1,360/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.15 per hour ($54,400/year).
What are the HUD Fair Market Rents by bedroom count in Teton County, MT?
Official 2026 HUD rents in Teton County, MT are: Studio: $1,019/mo, 1-Bedroom: $1,241/mo, 2-Bedroom: $1,360/mo, 3-Bedroom: $1,891/mo, and 4-Bedroom: $2,171/mo.
How do HUD Fair Market Rents compare to local incomes in Teton County, MT?
At the local Census ACS median household income of $70,430/year ($5,869/month), the benchmark 2-bedroom Fair Market Rent represents 23.2% of monthly income.
How is the 30% housing affordability standard calculated in Teton County, MT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,360/month, the required minimum annual gross income is calculated as ($1,360 × 12) ÷ 0.30 = $54,400 per year.