Rental Benchmark Overview
2-Bedroom Benchmark Rent
$834$10,008 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Vermilion Parish, LA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Vermilion Parish, LA
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 | $580 | $6,960 | $23,200 | $11.15/hr |
| 1-Bedroom Apartment | $761 | $9,132 | $30,440 | $14.63/hr |
| 2-Bedroom ApartmentStandard Benchmark | $834 | $10,008 | $33,360 | $16.04/hr |
| 3-Bedroom Home | $1,100 | $13,200 | $44,000 | $21.15/hr |
| 4-Bedroom Home | $1,104 | $13,248 | $44,160 | $21.23/hr |
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Frequently Asked Questions About Rent in Vermilion Parish, LA
What is the Fair Market Rent for a 2-bedroom in Vermilion Parish, LA?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Vermilion Parish, LA is $834 per month ($10,008 per year).
What hourly wage is needed to afford rent in Vermilion Parish, LA?
To comfortably afford a 2-bedroom apartment at $834/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.04 per hour ($33,360/year).
What are the HUD Fair Market Rents by bedroom count in Vermilion Parish, LA?
Official 2026 HUD rents in Vermilion Parish, LA are: Studio: $580/mo, 1-Bedroom: $761/mo, 2-Bedroom: $834/mo, 3-Bedroom: $1,100/mo, and 4-Bedroom: $1,104/mo.
How do HUD Fair Market Rents compare to local incomes in Vermilion Parish, LA?
At the local Census ACS median household income of $55,707/year ($4,642/month), the benchmark 2-bedroom Fair Market Rent represents 18% of monthly income.
How is the 30% housing affordability standard calculated in Vermilion Parish, LA?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $834/month, the required minimum annual gross income is calculated as ($834 × 12) ÷ 0.30 = $33,360 per year.