Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,001$12,012 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Wabasha County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Wabasha County, MN
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 | $872 | $10,464 | $34,880 | $16.77/hr |
| 1-Bedroom Apartment | $913 | $10,956 | $36,520 | $17.56/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,001 | $12,012 | $40,040 | $19.25/hr |
| 3-Bedroom Home | $1,334 | $16,008 | $53,360 | $25.65/hr |
| 4-Bedroom Home | $1,679 | $20,148 | $67,160 | $32.29/hr |
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Frequently Asked Questions About Rent in Wabasha County, MN
What is the Fair Market Rent for a 2-bedroom in Wabasha County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Wabasha County, MN is $1,001 per month ($12,012 per year).
What hourly wage is needed to afford rent in Wabasha County, MN?
To comfortably afford a 2-bedroom apartment at $1,001/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.25 per hour ($40,040/year).
What are the HUD Fair Market Rents by bedroom count in Wabasha County, MN?
Official 2026 HUD rents in Wabasha County, MN are: Studio: $872/mo, 1-Bedroom: $913/mo, 2-Bedroom: $1,001/mo, 3-Bedroom: $1,334/mo, and 4-Bedroom: $1,679/mo.
How do HUD Fair Market Rents compare to local incomes in Wabasha County, MN?
At the local Census ACS median household income of $82,007/year ($6,834/month), the benchmark 2-bedroom Fair Market Rent represents 14.6% of monthly income.
How is the 30% housing affordability standard calculated in Wabasha County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,001/month, the required minimum annual gross income is calculated as ($1,001 × 12) ÷ 0.30 = $40,040 per year.