FMR is below market; voucher rent may lag private rents.
0.54
1 BR
1 BR- 55920
0.64ratio
FMR$1,080
Market$1,700
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR- 55920
0.70ratio
FMR$1,270
Market$1,820
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.70
3 BR
3 BR- 55920
0.90ratio
FMR$1,770
Market$1,970
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.90
4 BR
4 BR- 55920
0.93ratio
FMR$2,130
Market$2,290
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.93
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Byron, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Byron, MN is $1,270 a month. That is up 5.0% from $1,210 in FY 2026. Byron is in the Rochester, MN 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 $1,422. The median county two-bedroom FMR in Minnesota is $1,048, so Byron is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Byron, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$950
$1,010
+6.3%
$909–$1,111
1BR
$1,010
$1,080
+6.9%
$972–$1,188
2BR
$1,210
$1,270
+5.0%
$1,143–$1,397
3BR
$1,700
$1,770
+4.1%
$1,593–$1,947
4BR
$2,030
$2,130
+4.9%
$1,917–$2,343
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Byron, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,010
$1,080
$1,270
$1,770
$2,130
FY 2026
$950
$1,010
$1,210
$1,700
$2,030
FY 2025
$910
$1,010
$1,230
$1,720
$2,070
FY 2024
$790
$900
$1,120
$1,590
$1,900
FY 2023
$860
$1,000
$1,240
$1,760
$2,110
Questions about Byron, MN rents
How much will Section 8 pay for a two-bedroom in Byron, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,422, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,280 to $1,564 a month; under the ZIP-level Small Area FMR of $1,270 it would be $1,143 to $1,397. 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 Byron, MN in?
Byron, MN is in the Rochester, MN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,422.
How much did fair market rent change in Byron, MN for FY 2027?
The two-bedroom FMR rose 5.0%, from $1,210 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 2.4%.
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