Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Belle Plaine, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Belle Plaine, MN is $1,610 a month. That is up 5.9% from $1,520 in FY 2026. Belle Plaine is in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,734. The median county two-bedroom FMR in Minnesota is $1,048, so Belle Plaine is 54% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Belle Plaine, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,100
$1,170
+6.4%
$1,053–$1,287
1BR
$1,250
$1,320
+5.6%
$1,188–$1,452
2BR
$1,520
$1,610
+5.9%
$1,449–$1,771
3BR
$2,020
$2,110
+4.5%
$1,899–$2,321
4BR
$2,270
$2,380
+4.8%
$2,142–$2,618
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Belle Plaine, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,320
$1,610
$2,110
$2,380
FY 2026
$1,100
$1,250
$1,520
$2,020
$2,270
FY 2025
$1,060
$1,200
$1,460
$1,970
$2,240
FY 2024
$1,080
$1,220
$1,490
$2,010
$2,270
FY 2023
$840
$980
$1,200
$1,660
$1,940
Questions about Belle Plaine, MN rents
How much will Section 8 pay for a two-bedroom in Belle Plaine, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,734, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,561 to $1,907 a month; under the ZIP-level Small Area FMR of $1,610 it would be $1,449 to $1,771. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Belle Plaine, MN in?
Belle Plaine, MN is in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,734.
How much did fair market rent change in Belle Plaine, MN for FY 2027?
The two-bedroom FMR rose 5.9%, from $1,520 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 34.2%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set