FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 55356
1.00ratio
FMR$2,900
Market$2,890
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 55356
0.99ratio
FMR$3,250
Market$3,280
vs market-$30
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
--
Long Lake, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Long Lake, MN is $2,220 a month. That is up 1.4% from $2,190 in FY 2026. Long 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 Long Lake is 112% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Long Lake, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,590
$1,620
+1.9%
$1,458–$1,782
1BR
$1,800
$1,830
+1.7%
$1,647–$2,013
2BR
$2,190
$2,220
+1.4%
$1,998–$2,442
3BR
$2,900
$2,900
0.0%
$2,610–$3,190
4BR
$3,240
$3,250
+0.3%
$2,925–$3,575
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Long Lake, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,620
$1,830
$2,220
$2,900
$3,250
FY 2026
$1,590
$1,800
$2,190
$2,900
$3,240
FY 2025
$1,530
$1,730
$2,110
$2,810
$3,150
FY 2024
$1,410
$1,590
$1,950
$2,630
$2,980
FY 2023
$1,160
$1,320
$1,620
$2,200
$2,540
Questions about Long Lake, MN rents
How much will Section 8 pay for a two-bedroom in Long 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 $2,220 it would be $1,998 to $2,442. 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 Long Lake, MN in?
Long 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 Long Lake, MN for FY 2027?
The two-bedroom FMR rose 1.4%, from $2,190 in FY 2026 to $2,220 in FY 2027. Since FY 2023 it has risen 37.0%.
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