FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 56283
0.81ratio
FMR$850
Market$1,050
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 56283
0.75ratio
FMR$1,110
Market$1,480
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.75
3 BR
3 BR- 56283
0.93ratio
FMR$1,520
Market$1,630
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 56283
0.95ratio
FMR$1,660
Market$1,740
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Redwood Falls, MN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Redwood Falls, MN is $1,110 a month. That is up 2.8% from $1,080 in FY 2026. Redwood Falls is in the Redwood County, MN non-metropolitan 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 county-wide two-bedroom FMR of $1,014. The median county two-bedroom FMR in Minnesota is $1,048, so Redwood Falls is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Redwood Falls, MN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$750
$780
+4.0%
$702–$858
1BR
$820
$850
+3.7%
$765–$935
2BR
$1,080
$1,110
+2.8%
$999–$1,221
3BR
$1,470
$1,520
+3.4%
$1,368–$1,672
4BR
$1,740
$1,660
−4.6%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Redwood Falls, MN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$850
$1,110
$1,520
$1,660
FY 2026
$750
$820
$1,080
$1,470
$1,740
FY 2025
$720
$790
$1,040
$1,450
$1,740
FY 2024area FMR
$613
$693
$905
$1,273
$1,516
FY 2023area FMR
$552
$694
$826
$1,174
$1,336
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Redwood Falls, MN rents
How much will Section 8 pay for a two-bedroom in Redwood Falls, MN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 Redwood Falls, MN in?
Redwood Falls, MN is in the Redwood County, MN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Redwood Falls, MN for FY 2027?
The two-bedroom FMR rose 2.8%, from $1,080 in FY 2026 to $1,110 in FY 2027. Since FY 2025 it has risen 6.7%.
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