Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,417$17,004 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Yellowstone County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Yellowstone County, MT
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 | $1,016 | $12,192 | $40,640 | $19.54/hr |
| 1-Bedroom Apartment | $1,109 | $13,308 | $44,360 | $21.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,417 | $17,004 | $56,680 | $27.25/hr |
| 3-Bedroom Home | $1,951 | $23,412 | $78,040 | $37.52/hr |
| 4-Bedroom Home | $2,216 | $26,592 | $88,640 | $42.62/hr |
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Frequently Asked Questions About Rent in Yellowstone County, MT
What is the Fair Market Rent for a 2-bedroom in Yellowstone County, MT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Yellowstone County, MT is $1,417 per month ($17,004 per year).
What hourly wage is needed to afford rent in Yellowstone County, MT?
To comfortably afford a 2-bedroom apartment at $1,417/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $27.25 per hour ($56,680/year).
What are the HUD Fair Market Rents by bedroom count in Yellowstone County, MT?
Official 2026 HUD rents in Yellowstone County, MT are: Studio: $1,016/mo, 1-Bedroom: $1,109/mo, 2-Bedroom: $1,417/mo, 3-Bedroom: $1,951/mo, and 4-Bedroom: $2,216/mo.
How do HUD Fair Market Rents compare to local incomes in Yellowstone County, MT?
At the local Census ACS median household income of $76,570/year ($6,381/month), the benchmark 2-bedroom Fair Market Rent represents 22.2% of monthly income.
How is the 30% housing affordability standard calculated in Yellowstone County, MT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,417/month, the required minimum annual gross income is calculated as ($1,417 × 12) ÷ 0.30 = $56,680 per year.