Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,217$14,604 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Wrangell City and Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Wrangell City and Borough, AK
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 | $921 | $11,052 | $36,840 | $17.71/hr |
| 1-Bedroom Apartment | $928 | $11,136 | $37,120 | $17.85/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,217 | $14,604 | $48,680 | $23.40/hr |
| 3-Bedroom Home | $1,682 | $20,184 | $67,280 | $32.35/hr |
| 4-Bedroom Home | $2,042 | $24,504 | $81,680 | $39.27/hr |
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Frequently Asked Questions About Rent in Wrangell City and Borough, AK
What is the Fair Market Rent for a 2-bedroom in Wrangell City and Borough, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Wrangell City and Borough, AK is $1,217 per month ($14,604 per year).
What hourly wage is needed to afford rent in Wrangell City and Borough, AK?
To comfortably afford a 2-bedroom apartment at $1,217/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.40 per hour ($48,680/year).
What are the HUD Fair Market Rents by bedroom count in Wrangell City and Borough, AK?
Official 2026 HUD rents in Wrangell City and Borough, AK are: Studio: $921/mo, 1-Bedroom: $928/mo, 2-Bedroom: $1,217/mo, 3-Bedroom: $1,682/mo, and 4-Bedroom: $2,042/mo.
How do HUD Fair Market Rents compare to local incomes in Wrangell City and Borough, AK?
At the local Census ACS median household income of $63,750/year ($5,313/month), the benchmark 2-bedroom Fair Market Rent represents 22.9% of monthly income.
How is the 30% housing affordability standard calculated in Wrangell City and Borough, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,217/month, the required minimum annual gross income is calculated as ($1,217 × 12) ÷ 0.30 = $48,680 per year.