Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,230$14,760 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Toole County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Toole 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 | $918 | $11,016 | $36,720 | $17.65/hr |
| 1-Bedroom Apartment | $1,052 | $12,624 | $42,080 | $20.23/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,230 | $14,760 | $49,200 | $23.65/hr |
| 3-Bedroom Home | $1,702 | $20,424 | $68,080 | $32.73/hr |
| 4-Bedroom Home | $1,712 | $20,544 | $68,480 | $32.92/hr |
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Frequently Asked Questions About Rent in Toole County, MT
What is the Fair Market Rent for a 2-bedroom in Toole County, MT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Toole County, MT is $1,230 per month ($14,760 per year).
What hourly wage is needed to afford rent in Toole County, MT?
To comfortably afford a 2-bedroom apartment at $1,230/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.65 per hour ($49,200/year).
What are the HUD Fair Market Rents by bedroom count in Toole County, MT?
Official 2026 HUD rents in Toole County, MT are: Studio: $918/mo, 1-Bedroom: $1,052/mo, 2-Bedroom: $1,230/mo, 3-Bedroom: $1,702/mo, and 4-Bedroom: $1,712/mo.
How do HUD Fair Market Rents compare to local incomes in Toole County, MT?
At the local Census ACS median household income of $57,731/year ($4,811/month), the benchmark 2-bedroom Fair Market Rent represents 25.6% of monthly income.
How is the 30% housing affordability standard calculated in Toole County, MT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,230/month, the required minimum annual gross income is calculated as ($1,230 × 12) ÷ 0.30 = $49,200 per year.