FY2026 Fair Market Rents — Bennett County
Studio
$815
1BR
$901
2BR
$1,182
3BR
$1,417
4BR
$1,830
Bennett County, South Dakota
FIPS 46007 · County-level FMR and income limit data
FMR Area: Bennett County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $815 | $9,780 |
| 1-Bedroom | $901 | $10,812 |
| 2-Bedroom | $1,182 | $14,184 |
| 3-Bedroom | $1,417 | $17,004 |
| 4-Bedroom | $1,830 | $21,960 |
To afford the FY2026 2-bedroom FMR of $1,182/mo under the 30%-of-income rule, a household needs about
$47,280/yr ($3,940/mo). Area Median Income is $60,200.
At SD's state minimum wage of $11.50/hr, a worker would need to work 80 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $815 | $901 | $1,182 | $1,417 | $1,830 |
| FY2025 | $725 | $806 | $1,058 | $1,275 | $1,650 |
| FY2024 | $695 | $780 | $1,025 | $1,239 | $1,647 |
| FY2023 | $593 | $734 | $853 | $1,038 | $1,391 |
| FY2022 | $541 | $664 | $757 | $936 | $1,219 |
| FY2021 | $503 | $615 | $719 | $894 | $1,121 |
| FY2020 | $487 | $596 | $714 | $891 | $1,081 |
FY2026 Income Limits
Area Median Income: $60,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,850 | $22,700 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,100 | $37,800 | $42,550 | $47,250 | $51,050 | $54,850 |
| 80% AMI | $52,950 | $60,500 | $68,050 | $75,600 | $81,650 | $87,700 |