FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 55025
0.84ratio
FMR$1,420
Market$1,700
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 55025
0.87ratio
FMR$1,720
Market$1,970
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 55025
0.97ratio
FMR$2,250
Market$2,330
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 55025
0.99ratio
FMR$2,520
Market$2,540
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
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
--
Forest Lake, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Forest Lake, MN is $1,720 a month. That is up 2.4% from $1,680 in FY 2026. Forest Lake 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 Forest Lake is 64% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Forest Lake, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,220
$1,250
+2.5%
$1,125–$1,375
1BR
$1,380
$1,420
+2.9%
$1,278–$1,562
2BR
$1,680
$1,720
+2.4%
$1,548–$1,892
3BR
$2,220
$2,250
+1.4%
$2,025–$2,475
4BR
$2,490
$2,520
+1.2%
$2,268–$2,772
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Forest Lake, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,250
$1,420
$1,720
$2,250
$2,520
FY 2026
$1,220
$1,380
$1,680
$2,220
$2,490
FY 2025
$1,190
$1,350
$1,650
$2,200
$2,460
FY 2024
$1,150
$1,300
$1,590
$2,140
$2,430
FY 2023
$1,010
$1,150
$1,410
$1,920
$2,210
Questions about Forest Lake, MN rents
How much will Section 8 pay for a two-bedroom in Forest Lake, 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 $1,720 it would be $1,548 to $1,892. 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 Forest Lake, MN in?
Forest Lake, 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 Forest Lake, MN for FY 2027?
The two-bedroom FMR rose 2.4%, from $1,680 in FY 2026 to $1,720 in FY 2027. Since FY 2023 it has risen 22.0%.
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