FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 55317
1.19ratio
FMR$2,790
Market$2,350
vs market+$440
FMR is above market; underwrite to market rent.
1.19
4 BR
4 BR- 55317
1.11ratio
FMR$3,130
Market$2,820
vs market+$310
FMR is above market; underwrite to market rent.
1.11
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
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Chanhassen, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chanhassen, MN is $2,140 a month. That is up 1.4% from $2,110 in FY 2026. Chanhassen 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 Chanhassen is 104% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chanhassen, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,530
$1,560
+2.0%
$1,404–$1,716
1BR
$1,730
$1,760
+1.7%
$1,584–$1,936
2BR
$2,110
$2,140
+1.4%
$1,926–$2,354
3BR
$2,790
$2,790
0.0%
$2,511–$3,069
4BR
$3,120
$3,130
+0.3%
$2,817–$3,443
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chanhassen, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,560
$1,760
$2,140
$2,790
$3,130
FY 2026
$1,530
$1,730
$2,110
$2,790
$3,120
FY 2025
$1,520
$1,720
$2,100
$2,800
$3,130
FY 2024
$1,450
$1,640
$2,000
$2,700
$3,060
FY 2023
$1,210
$1,390
$1,700
$2,310
$2,660
Questions about Chanhassen, MN rents
How much will Section 8 pay for a two-bedroom in Chanhassen, 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 $2,140 it would be $1,926 to $2,354. 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 Chanhassen, MN in?
Chanhassen, 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 Chanhassen, MN for FY 2027?
The two-bedroom FMR rose 1.4%, from $2,110 in FY 2026 to $2,140 in FY 2027. Since FY 2023 it has risen 25.9%.
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