Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,113$13,356 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Whitley County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Whitley County, IN
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 | $892 | $10,704 | $35,680 | $17.15/hr |
| 1-Bedroom Apartment | $916 | $10,992 | $36,640 | $17.62/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,113 | $13,356 | $44,520 | $21.40/hr |
| 3-Bedroom Home | $1,381 | $16,572 | $55,240 | $26.56/hr |
| 4-Bedroom Home | $1,512 | $18,144 | $60,480 | $29.08/hr |
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Frequently Asked Questions About Rent in Whitley County, IN
What is the Fair Market Rent for a 2-bedroom in Whitley County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Whitley County, IN is $1,113 per month ($13,356 per year).
What hourly wage is needed to afford rent in Whitley County, IN?
To comfortably afford a 2-bedroom apartment at $1,113/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.40 per hour ($44,520/year).
What are the HUD Fair Market Rents by bedroom count in Whitley County, IN?
Official 2026 HUD rents in Whitley County, IN are: Studio: $892/mo, 1-Bedroom: $916/mo, 2-Bedroom: $1,113/mo, 3-Bedroom: $1,381/mo, and 4-Bedroom: $1,512/mo.
How do HUD Fair Market Rents compare to local incomes in Whitley County, IN?
At the local Census ACS median household income of $78,083/year ($6,507/month), the benchmark 2-bedroom Fair Market Rent represents 17.1% of monthly income.
How is the 30% housing affordability standard calculated in Whitley County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,113/month, the required minimum annual gross income is calculated as ($1,113 × 12) ÷ 0.30 = $44,520 per year.