FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 55008
0.86ratio
FMR$1,310
Market$1,530
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 55008
0.95ratio
FMR$1,590
Market$1,680
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 55008
0.99ratio
FMR$2,080
Market$2,100
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 55008
1.03ratio
FMR$2,330
Market$2,260
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.03
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
--
Cambridge, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cambridge, MN is $1,590 a month. That is up 2.6% from $1,550 in FY 2026. Cambridge 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 Cambridge is 52% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cambridge, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,160
+2.7%
$1,044–$1,276
1BR
$1,270
$1,310
+3.1%
$1,179–$1,441
2BR
$1,550
$1,590
+2.6%
$1,431–$1,749
3BR
$2,050
$2,080
+1.5%
$1,872–$2,288
4BR
$2,300
$2,330
+1.3%
$2,097–$2,563
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cambridge, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,160
$1,310
$1,590
$2,080
$2,330
FY 2026
$1,130
$1,270
$1,550
$2,050
$2,300
FY 2025
$1,110
$1,250
$1,530
$2,040
$2,280
FY 2024
$1,040
$1,180
$1,440
$1,940
$2,200
FY 2023
$890
$1,010
$1,240
$1,690
$1,940
Questions about Cambridge, MN rents
How much will Section 8 pay for a two-bedroom in Cambridge, 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 $1,590 it would be $1,431 to $1,749. 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 Cambridge, MN in?
Cambridge, 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 Cambridge, MN for FY 2027?
The two-bedroom FMR rose 2.6%, from $1,550 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 28.2%.
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