Fair market rents · FY 2027 · effective October 1, 2026
Minnesota fair market rents, FY 2027
The 2-bedroom Fair Market Rent in the median Minnesota county is $1,048 a month for FY 2027, from $1,014 to $1,734 across the state. The typical county moved +4.2% from FY 2026 and +33.9% over five years; weighted by population, the state average moved +2.0%. The most populous HUD area, Minneapolis-St. Paul-Bloomington, MN-WI, is at $1,734 for a 2-bedroom.
FMRs are HUD's estimate of the 40th percentile gross rent (rent plus utilities) paid by recent movers into standard-quality units. Housing agencies set voucher payment standards from them. Source: HUD FY 2027 FMR file, 91 FR 56156 (published September 1, 2026). This site is not HUD.
| FY | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2BR | $959 | $970 | $1,017 | $1,057 | $1,119 | $1,153 | $1,237 | $1,398 | $1,443 | $1,478 | $1,507 |
Every HUD rent area in Minnesota, FY 2027
73 HUD FMR areas cover 87 counties; 13 are metro areas. Monthly gross rent by bedroom count. The trend line is the 2-bedroom FMR from FY 2017 to FY 2027 for the most populous member.
Biggest one-year move up: La Crosse-Onalaska, WI-MN, +15.2%. Biggest move down: Grand Forks, ND-MN, −6.9%. HUD caps a one-year drop at 10%.
| HUD area | Studio | 1BR | 2BR | 3BR | 4BR | 1 yr | 5 yr | FY17 to FY27 |
|---|---|---|---|---|---|---|---|---|
| Aitkin County | 796 | 801 | 1,048 | 1,451 | 1,515 | +7.7% | +32.2% | |
| Becker County | 769 | 845 | 1,105 | 1,451 | 1,621 | +7.6% | +36.4% | |
| Beltrami County | 883 | 940 | 1,230 | 1,466 | 2,041 | +8.4% | +35.2% | |
| Big Stone County | 706 | 828 | 1,014 | 1,208 | 1,333 | +4.2% | +33.9% | |
| Brown County | 746 | 819 | 1,071 | 1,282 | 1,717 | +10.1% | +41.5% | |
| Cass County | 734 | 775 | 1,014 | 1,335 | 1,695 | +4.2% | +27.9% | |
| Chippewa County | 706 | 784 | 1,014 | 1,404 | 1,443 | +4.2% | +33.9% | |
| Clearwater County | 706 | 805 | 1,014 | 1,210 | 1,481 | +4.2% | +33.9% | |
| Cook County | 712 | 939 | 1,022 | 1,415 | 1,492 | +5.0% | +35.0% | |
| Cottonwood County | 737 | 824 | 1,014 | 1,404 | 1,481 | +4.2% | +33.9% | |
| Crow Wing County | 816 | 899 | 1,172 | 1,407 | 1,609 | +4.6% | +32.4% | |
| Douglas County | 770 | 785 | 1,027 | 1,422 | 1,500 | +3.6% | +26.8% | |
| Duluth, MN-WICarlton, St. Louis | 841 | 961 | 1,207 | 1,671 | 2,017 | −2.0% | +29.0% | |
| Fargo, ND-MN | 781 | 903 | 1,104 | 1,529 | 1,845 | −0.7% | +28.5% | |
| Faribault County | 706 | 859 | 1,014 | 1,386 | 1,391 | +4.2% | +33.9% | |
| Fillmore County | 770 | 775 | 1,014 | 1,328 | 1,333 | −0.8% | +24.7% | |
| Freeborn County | 719 | 790 | 1,033 | 1,355 | 1,555 | +6.1% | +30.1% | |
| Goodhue County | 816 | 966 | 1,172 | 1,613 | 1,959 | +7.0% | +37.7% | |
| Grand Forks, ND-MN | 816 | 821 | 1,014 | 1,404 | 1,695 | −6.9% | +18.7% | |
| Grant County | 706 | 775 | 1,014 | 1,260 | 1,695 | +4.2% | +33.9% | |
| Hubbard County | 710 | 780 | 1,020 | 1,412 | 1,705 | +1.2% | +28.0% | |
| Itasca County | 811 | 924 | 1,164 | 1,509 | 1,635 | +8.4% | +31.5% | |
| Jackson County | 706 | 922 | 1,014 | 1,328 | 1,333 | +4.2% | +33.9% | |
| Kanabec County | 706 | 924 | 1,014 | 1,404 | 1,487 | +4.2% | +10.1% | |
| Kandiyohi County | 831 | 836 | 1,026 | 1,421 | 1,715 | +5.4% | +25.6% | |
| Kittson County | 712 | 791 | 1,014 | 1,208 | 1,481 | +4.2% | +33.9% | |
| Koochiching County | 706 | 775 | 1,014 | 1,238 | 1,481 | +4.2% | +33.9% | |
| La Crosse-Onalaska, WI-MN | 935 | 1,027 | 1,343 | 1,721 | 2,167 | +15.2% | +44.4% | |
| Lac qui Parle County | 706 | 841 | 1,014 | 1,404 | 1,481 | +4.2% | +33.9% | |
| Lake County | 946 | 1,038 | 1,358 | 1,618 | 1,983 | +6.3% | +64.4% | |
| Lake of the Woods County | 804 | 882 | 1,154 | 1,375 | 1,685 | +13.8% | +39.7% | |
| Le Sueur County | 801 | 839 | 1,098 | 1,520 | 1,708 | +1.9% | +13.9% | |
| Lincoln County | 706 | 775 | 1,014 | 1,291 | 1,333 | +4.2% | +33.9% | |
| Lyon County | 767 | 870 | 1,014 | 1,404 | 1,695 | +4.2% | +33.9% | |
| Mahnomen County | 706 | 775 | 1,014 | 1,270 | 1,544 | +4.2% | +33.9% | |
| MankatoBlue Earth, Nicollet | 1,016 | 1,023 | 1,230 | 1,703 | 1,744 | +5.0% | +24.0% | |
| Marshall County | 706 | 775 | 1,014 | 1,281 | 1,695 | +4.2% | +33.9% | |
| Martin County | 706 | 844 | 1,014 | 1,328 | 1,333 | +4.2% | +31.2% | |
| McLeod County | 882 | 951 | 1,073 | 1,278 | 1,593 | +7.4% | +30.7% | |
| Meeker County | 758 | 954 | 1,089 | 1,490 | 1,495 | +9.2% | +33.8% | |
| Mille Lacs County | 820 | 870 | 1,124 | 1,351 | 1,879 | +0.1% | +16.8% | |
| Minneapolis-St. Paul-Bloomington, MN-WI11 counties | 1,265 | 1,427 | 1,734 | 2,264 | 2,538 | +1.5% | +30.5% | |
| Morrison County | 706 | 789 | 1,014 | 1,404 | 1,484 | +4.2% | +32.5% | |
| Mower County | 752 | 826 | 1,080 | 1,440 | 1,445 | +3.0% | +27.8% | |
| Murray County | 706 | 931 | 1,014 | 1,208 | 1,420 | +4.2% | +33.9% | |
| Nobles County | 749 | 823 | 1,076 | 1,426 | 1,508 | +2.6% | +31.5% | |
| Norman County | 754 | 775 | 1,014 | 1,208 | 1,333 | +4.2% | +33.9% | |
| Otter Tail County | 746 | 819 | 1,071 | 1,476 | 1,489 | +9.0% | +37.1% | |
| Pennington County | 795 | 873 | 1,142 | 1,564 | 1,668 | +1.8% | +39.8% | |
| Pine County | 832 | 838 | 1,096 | 1,306 | 1,496 | −0.5% | +25.0% | |
| Pipestone County | 706 | 775 | 1,014 | 1,209 | 1,488 | +4.2% | +33.9% | |
| Pope County | 758 | 832 | 1,088 | 1,325 | 1,430 | +3.3% | +33.2% | |
| Red Lake County | 706 | 775 | 1,014 | 1,328 | 1,333 | +4.2% | +33.9% | |
| Redwood County | 706 | 775 | 1,014 | 1,389 | 1,509 | +4.2% | +33.9% | |
| Renville County | 854 | 859 | 1,014 | 1,404 | 1,695 | +4.2% | +33.9% | |
| Rice County | 931 | 937 | 1,226 | 1,621 | 2,049 | +3.3% | +24.3% | |
| RochesterDodge, Olmsted | 1,183 | 1,226 | 1,422 | 1,969 | 2,377 | +1.1% | +30.0% | |
| Rock County | 770 | 775 | 1,014 | 1,404 | 1,501 | +4.2% | +27.4% | |
| Roseau County | 706 | 931 | 1,014 | 1,343 | 1,505 | +4.2% | +26.6% | |
| Sibley County | 706 | 775 | 1,014 | 1,404 | 1,695 | +4.2% | +29.3% | |
| St. CloudBenton, Stearns | 884 | 961 | 1,233 | 1,656 | 1,961 | +2.2% | +39.2% | |
| Steele County | 866 | 951 | 1,244 | 1,703 | 1,814 | +8.9% | +44.5% | |
| Stevens County | 715 | 785 | 1,027 | 1,422 | 1,717 | +3.6% | +35.7% | |
| Swift County | 706 | 835 | 1,014 | 1,373 | 1,384 | +4.2% | +33.9% | |
| Todd County | 778 | 784 | 1,025 | 1,310 | 1,635 | +5.3% | +35.4% | |
| Traverse County | 706 | 805 | 1,014 | 1,404 | 1,695 | +4.2% | +33.9% | |
| Wabasha County | 894 | 931 | 1,014 | 1,328 | 1,512 | +1.3% | +33.9% | |
| Wadena County | 737 | 836 | 1,059 | 1,302 | 1,392 | +4.2% | +39.9% | |
| Waseca County | 717 | 787 | 1,030 | 1,349 | 1,354 | +5.9% | +36.1% | |
| Watonwan County | 706 | 842 | 1,014 | 1,261 | 1,333 | +4.2% | +33.9% | |
| Wilkin County | 706 | 846 | 1,014 | 1,404 | 1,481 | +4.2% | +33.9% | |
| Winona County | 788 | 890 | 1,118 | 1,352 | 1,625 | +4.9% | +34.2% | |
| Yellow Medicine County | 706 | 799 | 1,014 | 1,290 | 1,468 | +4.2% | +33.9% |
Dollars per month, FY 2027 file as published September 1, 2026; rows marked R show FY 2026. "1 yr" compares the FY 2027 2BR with FY 2026, "5 yr" with FY 2022. HUD's methods changed over these years, so part of any move is method, not market. Area names are HUD's.
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We'll write once when HUD publishes FY 2028 Fair Market Rents, or revised FY 2027 figures, for your ZIP's HUD area in Minnesota. HUD's FY 2028 starts October 1, 2027.
Using these numbers on a rental
The FMR sets the range for voucher payments; it is not a rent estimate for your unit. A housing agency picks a payment standard between 90% and 110% of it, then checks your asking rent against similar unassisted units nearby. Both figures cover rent plus utilities, so the agency's allowance for any utilities the tenant pays comes off the top.
Take a 2-bedroom at $1,048, a payment standard at 100% of FMR, and a $150 utility allowance (an example; each agency publishes its own schedule). Then the voucher can cover a contract rent of up to $898 ($1,048 minus $150), with the tenant paying the usual 30% of income. How to underwrite with FMR works through the rest.