North Carolina · HUD FY2026 Fair Market Rents · Updated

Rent in Chowan County, NC

HUD puts rent for a two-bedroom in Chowan County, NC at $1,220 a month for 2026, and a one-bedroom at $930. Keeping the two-bedroom under 30% of income takes $23.46 an hour full time, or $48,800 a year. The typical household there would spend 27.2% of its income on it. HUD's 2027 figure, which takes effect October 1, 2026, is $1,331 (up 9.1%).

Rent in Chowan County, NC at a glance

2-bedroom rent (HUD)

$1,220$14,640 a year · HUD fiscal year 2026From October 1, 2026: $1,331 (+9.1%)
Studio$924$18/hr needed
1 bedroom$930$18/hr needed
Wage a 2-bedroom takes$23.46an hour, 40 hours a week
3 bedrooms$1,463$28/hr needed

How much rent can you afford in Chowan County, NC?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,220Monthly market rent
Share of gross income27.2%Recommended max: 30%
Annual income needed$48,800To meet the 30% standard
Max affordable rent$1,347At 30% of $53,864
0%30% (Affordability standard)100%
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Rent in Chowan County, NC by bedroom, and the pay it takes

Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.

HUD Fair Market Rent in Chowan County, NC, fiscal 2026, and the income each needs
SizeA monthA yearIncome neededHourly wage needed
Studio$924$11,088$36,960$17.77/hr
1 bedroom$930$11,160$37,200$17.88/hr
2 bedroomsMost searched$1,220$14,640$48,800$23.46/hr
3 bedrooms$1,463$17,556$58,520$28.13/hr
4 bedrooms$1,615$19,380$64,600$31.06/hr

Cost of living in Chowan County, NC: income, prices and a budget →

Rent in Chowan County, NC: common questions

How much is rent going up in Chowan County, NC in 2027?

HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,331 for a two-bedroom, up 9.1% from $1,220. A one-bedroom goes from $930 to $1,017, a studio from $924 to $1,011.

These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.

What is the average rent in Chowan County, NC?

HUD's Fair Market Rent for 2026 is $930 for a one-bedroom and $1,220 for a two-bedroom, utilities included. That is $14,640 a year for the two-bedroom.

It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.

How much do you need to make to afford rent in Chowan County, NC?

To keep a $1,220 two-bedroom at 30% of gross pay, one full-time worker needs $23.46 an hour, or $48,800 a year. A one-bedroom at $930 takes $17.88 an hour.

How much is a 1, 2 or 3-bedroom apartment in Chowan County, NC?

At HUD's 2026 Fair Market Rent: studio $924, one bedroom $930, two $1,220, three $1,463 and four $1,615 a month.

Is rent affordable in Chowan County, NC?

For the typical household, earning $53,864 a year ($4,489 a month, Census ACS), a two-bedroom at $1,220 takes 27.2% of income. Under 30% is the usual line for affordable; this is under it.

How is the income needed for rent worked out?

Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,220 × 12) ÷ 0.30 = $48,800. Divided by 2,080 working hours, that is $23.46 an hour.