Rental Benchmark Overview
2-Bedroom Benchmark Rent
$877$10,524 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Wallace County, KS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Wallace County, KS
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 | $643 | $7,716 | $25,720 | $12.37/hr |
| 1-Bedroom Apartment | $758 | $9,096 | $30,320 | $14.58/hr |
| 2-Bedroom ApartmentStandard Benchmark | $877 | $10,524 | $35,080 | $16.87/hr |
| 3-Bedroom Home | $1,220 | $14,640 | $48,800 | $23.46/hr |
| 4-Bedroom Home | $1,276 | $15,312 | $51,040 | $24.54/hr |
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Frequently Asked Questions About Rent in Wallace County, KS
What is the Fair Market Rent for a 2-bedroom in Wallace County, KS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Wallace County, KS is $877 per month ($10,524 per year).
What hourly wage is needed to afford rent in Wallace County, KS?
To comfortably afford a 2-bedroom apartment at $877/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.87 per hour ($35,080/year).
What are the HUD Fair Market Rents by bedroom count in Wallace County, KS?
Official 2026 HUD rents in Wallace County, KS are: Studio: $643/mo, 1-Bedroom: $758/mo, 2-Bedroom: $877/mo, 3-Bedroom: $1,220/mo, and 4-Bedroom: $1,276/mo.
How do HUD Fair Market Rents compare to local incomes in Wallace County, KS?
At the local Census ACS median household income of $63,207/year ($5,267/month), the benchmark 2-bedroom Fair Market Rent represents 16.7% of monthly income.
How is the 30% housing affordability standard calculated in Wallace County, KS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $877/month, the required minimum annual gross income is calculated as ($877 × 12) ÷ 0.30 = $35,080 per year.