Minnesota (MN)

STATESAFMR

Found 922 ZIPs

State Median Investment Score

75Below average

095130300

BR	Rent	3Y CAGR
0 BR	$706 - $1,265Median: $816	3.3%
1 BR	$775 - $1,427Median: $924	3.4%
2 BR	$1,014 - $1,734Median: $1,104	2.8%
3 BR	$1,208 - $2,264Median: $1,466	2.7%
4 BR	$1,333 - $2,538Median: $1,695	2.2%

Market Alignment

Studio

Studio- 8 ZIPs

0.48-0.64ratio range

Median FMR$1,224

Median Market$1,930

vs market-$706

FMR is below market; voucher rent may lag private rents.

Studio- 9 ZIPs

0.65-0.69ratio range

Median FMR$1,265

Median Market$1,890

vs market-$625

FMR is below market; voucher rent may lag private rents.

Studio- 13 ZIPs

0.69-0.73ratio range

Median FMR$1,265

Median Market$1,750

vs market-$485

FMR is below market; voucher rent may lag private rents.

Studio- 8 ZIPs

0.74-0.77ratio range

Median FMR$1,265

Median Market$1,655

vs market-$390

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.77-0.81ratio range

Median FMR$1,265

Median Market$1,590

vs market-$325

FMR is below market; voucher rent may lag private rents.

Studio- 22 ZIPs

0.82-0.85ratio range

Median FMR$931

Median Market$1,115

vs market-$184

FMR is below market; voucher rent may lag private rents.

Studio- 37 ZIPs

0.87-0.90ratio range

Median FMR$1,265

Median Market$1,420

vs market-$155

FMR is below market; voucher rent may lag private rents.

Studio- 20 ZIPs

0.90-0.94ratio range

Median FMR$1,265

Median Market$1,370

vs market-$105

FMR is near market; voucher and private rents are aligned.

Studio- 19 ZIPs

0.94-0.97ratio range

Median FMR$1,265

Median Market$1,300

vs market-$35

FMR is near market; voucher and private rents are aligned.

Studio- 19 ZIPs

0.98-1.01ratio range

Median FMR$1,265

Median Market$1,260

vs market+$5

FMR is near market; voucher and private rents are aligned.

Studio- 13 ZIPs

1.03-1.05ratio range

Median FMR$1,265

Median Market$1,210

vs market+$55

FMR is near market; voucher and private rents are aligned.

Studio- 10 ZIPs

1.07-1.10ratio range

Median FMR$1,265

Median Market$1,160

vs market+$105

FMR is near market; voucher and private rents are aligned.

Studio- 18 ZIPs

1.11-1.15ratio range

Median FMR$1,265

Median Market$1,115

vs market+$150

FMR is above market; underwrite to market rent.

Studio- 9 ZIPs

1.15-1.18ratio range

Median FMR$1,265

Median Market$1,080

vs market+$185

FMR is above market; underwrite to market rent.

Studio- 6 ZIPs

1.22-1.24ratio range

Median FMR$1,265

Median Market$1,030

vs market+$235

FMR is above market; underwrite to market rent.

Studio- 2 ZIPs

1.28ratio range

Median FMR$1,265

Median Market$990

vs market+$275

FMR is above market; underwrite to market rent.

Studio- 3 ZIPs

1.30-1.32ratio range

Median FMR$1,265

Median Market$970

vs market+$295

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.41ratio

FMR$1,265

Market$900

vs market+$365

FMR is above market; underwrite to market rent.

0.48-1.41

1 BR

1 BR- 3 ZIPs

0.55-0.62ratio range

Median FMR$961

Median Market$1,740

vs market-$779

FMR is below market; voucher rent may lag private rents.

1 BR- 4 ZIPs

0.65-0.68ratio range

Median FMR$1,427

Median Market$2,130

vs market-$703

FMR is below market; voucher rent may lag private rents.

1 BR- 5 ZIPs

0.69-0.72ratio range

Median FMR$1,023

Median Market$1,430

vs market-$407

FMR is below market; voucher rent may lag private rents.

1 BR- 6 ZIPs

0.74-0.77ratio range

Median FMR$961

Median Market$1,275

vs market-$314

FMR is below market; voucher rent may lag private rents.

1 BR- 16 ZIPs

0.78-0.81ratio range

Median FMR$961

Median Market$1,200

vs market-$239

FMR is below market; voucher rent may lag private rents.

1 BR- 19 ZIPs

0.82-0.86ratio range

Median FMR$1,427

Median Market$1,700

vs market-$273

FMR is below market; voucher rent may lag private rents.

1 BR- 23 ZIPs

0.86-0.90ratio range

Median FMR$1,023

Median Market$1,190

vs market-$167

FMR is below market; voucher rent may lag private rents.

1 BR- 35 ZIPs

0.90-0.94ratio range

Median FMR$1,427

Median Market$1,540

vs market-$113

FMR is near market; voucher and private rents are aligned.

1 BR- 27 ZIPs

0.94-0.98ratio range

Median FMR$1,427

Median Market$1,480

vs market-$53

FMR is near market; voucher and private rents are aligned.

1 BR- 16 ZIPs

0.98-1.01ratio range

Median FMR$1,427

Median Market$1,420

vs market+$7

FMR is near market; voucher and private rents are aligned.

1 BR- 27 ZIPs

1.03-1.06ratio range

Median FMR$1,427

Median Market$1,370

vs market+$57

FMR is near market; voucher and private rents are aligned.

1 BR- 20 ZIPs

1.06-1.10ratio range

Median FMR$1,427

Median Market$1,320

vs market+$107

FMR is near market; voucher and private rents are aligned.

1 BR- 10 ZIPs

1.11-1.14ratio range

Median FMR$1,427

Median Market$1,255

vs market+$172

FMR is above market; underwrite to market rent.

1 BR- 5 ZIPs

1.15-1.19ratio range

Median FMR$1,427

Median Market$1,220

vs market+$207

FMR is above market; underwrite to market rent.

1 BR- 5 ZIPs

1.21-1.24ratio range

Median FMR$1,427

Median Market$1,150

vs market+$277

FMR is above market; underwrite to market rent.

1 BR- 3 ZIPs

1.25-1.29ratio range

Median FMR$1,427

Median Market$1,120

vs market+$307

FMR is above market; underwrite to market rent.

1 BR- 3 ZIPs

1.31-1.32ratio range

Median FMR$1,427

Median Market$1,090

vs market+$337

FMR is above market; underwrite to market rent.

1 BR- 1 ZIP

1.36ratio

FMR$1,427

Market$1,050

vs market+$377

FMR is above market; underwrite to market rent.

0.55-1.36

2 BR

2 BR- 2 ZIPs

0.54-0.60ratio range

Median FMR$1,471

Median Market$2,600

vs market-$1,130

FMR is below market; voucher rent may lag private rents.

2 BR- 2 ZIPs

0.66-0.69ratio range

Median FMR$1,059

Median Market$1,575

vs market-$516

FMR is below market; voucher rent may lag private rents.

2 BR- 6 ZIPs

0.69-0.72ratio range

Median FMR$1,219

Median Market$1,740

vs market-$522

FMR is below market; voucher rent may lag private rents.

2 BR- 9 ZIPs

0.73-0.77ratio range

Median FMR$1,734

Median Market$2,270

vs market-$536

FMR is below market; voucher rent may lag private rents.

2 BR- 15 ZIPs

0.77-0.81ratio range

Median FMR$1,734

Median Market$2,160

vs market-$426

FMR is below market; voucher rent may lag private rents.

2 BR- 26 ZIPs

0.81-0.86ratio range

Median FMR$1,734

Median Market$2,050

vs market-$316

FMR is below market; voucher rent may lag private rents.

2 BR- 26 ZIPs

0.86-0.90ratio range

Median FMR$1,734

Median Market$1,970

vs market-$236

FMR is below market; voucher rent may lag private rents.

2 BR- 40 ZIPs

0.90-0.94ratio range

Median FMR$1,734

Median Market$1,885

vs market-$151

FMR is near market; voucher and private rents are aligned.

2 BR- 31 ZIPs

0.94-0.97ratio range

Median FMR$1,734

Median Market$1,790

vs market-$56

FMR is near market; voucher and private rents are aligned.

2 BR- 28 ZIPs

0.98-1.02ratio range

Median FMR$1,734

Median Market$1,720

vs market+$14

FMR is near market; voucher and private rents are aligned.

2 BR- 15 ZIPs

1.02-1.06ratio range

Median FMR$1,734

Median Market$1,640

vs market+$94

FMR is near market; voucher and private rents are aligned.

2 BR- 9 ZIPs

1.06-1.10ratio range

Median FMR$1,734

Median Market$1,590

vs market+$144

FMR is near market; voucher and private rents are aligned.

2 BR- 5 ZIPs

1.10-1.14ratio range

Median FMR$1,230

Median Market$1,080

vs market+$150

FMR is above market; underwrite to market rent.

2 BR- 3 ZIPs

1.16-1.19ratio range

Median FMR$1,734

Median Market$1,460

vs market+$274

FMR is above market; underwrite to market rent.

2 BR- 3 ZIPs

1.22-1.25ratio range

Median FMR$1,734

Median Market$1,390

vs market+$344

FMR is above market; underwrite to market rent.

2 BR- 4 ZIPs

1.26-1.30ratio range

Median FMR$1,484

Median Market$1,160

vs market+$324

FMR is above market; underwrite to market rent.

0.54-1.30

3 BR

3 BR- 1 ZIP

0.53ratio

FMR$2,264

Market$4,270

vs market-$2,006

FMR is below market; voucher rent may lag private rents.

3 BR- 2 ZIPs

0.67-0.68ratio range

Median FMR$1,968

Median Market$2,910

vs market-$943

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.70ratio

FMR$2,264

Market$3,220

vs market-$956

FMR is below market; voucher rent may lag private rents.

3 BR- 1 ZIP

0.73ratio

FMR$1,529

Market$2,090

vs market-$561

FMR is below market; voucher rent may lag private rents.

3 BR- 9 ZIPs

0.78-0.80ratio range

Median FMR$2,264

Median Market$2,870

vs market-$606

FMR is below market; voucher rent may lag private rents.

3 BR- 9 ZIPs

0.82-0.85ratio range

Median FMR$2,264

Median Market$2,660

vs market-$396

FMR is below market; voucher rent may lag private rents.

3 BR- 15 ZIPs

0.86-0.90ratio range

Median FMR$2,264

Median Market$2,560

vs market-$296

FMR is below market; voucher rent may lag private rents.

3 BR- 21 ZIPs

0.90-0.94ratio range

Median FMR$2,264

Median Market$2,450

vs market-$186

FMR is near market; voucher and private rents are aligned.

3 BR- 35 ZIPs

0.94-0.98ratio range

Median FMR$2,264

Median Market$2,350

vs market-$86

FMR is near market; voucher and private rents are aligned.

3 BR- 44 ZIPs

0.98-1.02ratio range

Median FMR$2,264

Median Market$2,270

vs market-$6

FMR is near market; voucher and private rents are aligned.

3 BR- 20 ZIPs

1.02-1.06ratio range

Median FMR$2,264

Median Market$2,155

vs market+$109

FMR is near market; voucher and private rents are aligned.

3 BR- 21 ZIPs

1.06-1.09ratio range

Median FMR$2,264

Median Market$2,090

vs market+$174

FMR is near market; voucher and private rents are aligned.

3 BR- 19 ZIPs

1.10-1.14ratio range

Median FMR$2,264

Median Market$2,030

vs market+$234

FMR is above market; underwrite to market rent.

3 BR- 12 ZIPs

1.15-1.20ratio range

Median FMR$2,117

Median Market$1,795

vs market+$322

FMR is above market; underwrite to market rent.

3 BR- 6 ZIPs

1.20-1.23ratio range

Median FMR$1,671

Median Market$1,375

vs market+$296

FMR is above market; underwrite to market rent.

3 BR- 5 ZIPs

1.25-1.30ratio range

Median FMR$1,476

Median Market$1,180

vs market+$296

FMR is above market; underwrite to market rent.

3 BR- 1 ZIP

1.34ratio

FMR$2,264

Market$1,690

vs market+$574

FMR is above market; underwrite to market rent.

3 BR- 7 ZIPs

1.36-1.67ratio range

Median FMR$1,564

Median Market$1,110

vs market+$454

FMR is above market; underwrite to market rent.

0.53-1.67

4 BR

4 BR- 1 ZIP

0.65ratio

FMR$2,538

Market$3,890

vs market-$1,352

FMR is below market; voucher rent may lag private rents.

4 BR- 1 ZIP

0.71ratio

FMR$2,538

Market$3,560

vs market-$1,022

FMR is below market; voucher rent may lag private rents.

4 BR- 1 ZIP

0.74ratio

FMR$2,538

Market$3,440

vs market-$902

FMR is below market; voucher rent may lag private rents.

4 BR- 15 ZIPs

0.77-0.81ratio range

Median FMR$2,538

Median Market$3,200

vs market-$662

FMR is below market; voucher rent may lag private rents.

4 BR- 17 ZIPs

0.82-0.85ratio range

Median FMR$2,538

Median Market$3,040

vs market-$502

FMR is below market; voucher rent may lag private rents.

4 BR- 37 ZIPs

0.86-0.90ratio range

Median FMR$2,538

Median Market$2,900

vs market-$362

FMR is below market; voucher rent may lag private rents.

4 BR- 29 ZIPs

0.90-0.94ratio range

Median FMR$2,538

Median Market$2,760

vs market-$222

FMR is near market; voucher and private rents are aligned.

4 BR- 21 ZIPs

0.94-0.98ratio range

Median FMR$2,538

Median Market$2,620

vs market-$82

FMR is near market; voucher and private rents are aligned.

4 BR- 26 ZIPs

0.98-1.01ratio range

Median FMR$2,538

Median Market$2,530

vs market+$8

FMR is near market; voucher and private rents are aligned.

4 BR- 10 ZIPs

1.02-1.06ratio range

Median FMR$2,538

Median Market$2,450

vs market+$88

FMR is near market; voucher and private rents are aligned.

4 BR- 15 ZIPs

1.07-1.10ratio range

Median FMR$2,538

Median Market$2,320

vs market+$218

FMR is near market; voucher and private rents are aligned.

4 BR- 16 ZIPs

1.11-1.15ratio range

Median FMR$2,538

Median Market$2,220

vs market+$318

FMR is above market; underwrite to market rent.

4 BR- 9 ZIPs

1.15-1.19ratio range

Median FMR$2,538

Median Market$2,140

vs market+$398

FMR is above market; underwrite to market rent.

4 BR- 10 ZIPs

1.20-1.25ratio range

Median FMR$1,888

Median Market$1,525

vs market+$363

FMR is above market; underwrite to market rent.

4 BR- 6 ZIPs

1.26-1.30ratio range

Median FMR$1,961

Median Market$1,520

vs market+$441

FMR is above market; underwrite to market rent.

4 BR- 4 ZIPs

1.31-1.34ratio range

Median FMR$1,665

Median Market$1,260

vs market+$405

FMR is above market; underwrite to market rent.

4 BR- 12 ZIPs

1.40-1.91ratio range

Median FMR$2,017

Median Market$1,325

vs market+$692

FMR is above market; underwrite to market rent.

0.65-1.91

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Minnesota.

Browse rankings

Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

View insights

Counties

Ranked by Investment Score (vs state median)

1Pipestone County

12970.9%

2Lac qui Parle County

18Lake of the Woods County

27Yellow Medicine County

County map

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Minnesota fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 87 counties in Minnesota. The median county two-bedroom FMR is $1,048. That is up 4.9% from $999 in FY 2026. Two-bedroom FMRs run from $1,014 in Yellow Medicine County to $1,734 in Anoka County. 13 HUD metropolitan FMR areas cover 27 of those counties; each county in the same metro area shares one FMR. No area in Minnesota is required to use Small Area FMRs.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Minnesota
County	2BR	Change	HUD FMR area
Anoka County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Carver County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Chisago County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Dakota County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Hennepin County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Isanti County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Ramsey County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Scott County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Sherburne County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Washington County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Wright County	$1,734	+1.5%	Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Dodge County	$1,422	+1.1%	Rochester, MN HUD Metro FMR Area
Olmsted County	$1,422	+1.1%	Rochester, MN HUD Metro FMR Area
Lake County	$1,358	+6.3%	Non-metro
Houston County	$1,343	+15.2%	La Crosse-Onalaska, WI-MN HUD Metro FMR Area
Steele County	$1,244	+8.9%	Non-metro
Benton County	$1,233	+2.2%	St. Cloud, MN MSA
Stearns County	$1,233	+2.2%	St. Cloud, MN MSA
Beltrami County	$1,230	+8.4%	Non-metro
Blue Earth County	$1,230	+5.0%	Mankato, MN MSA
Nicollet County	$1,230	+5.0%	Mankato, MN MSA
Rice County	$1,226	+3.3%	Non-metro
Carlton County	$1,207	−2.0%	Duluth, MN-WI MSA
St. Louis County	$1,207	−2.0%	Duluth, MN-WI MSA
Crow Wing County	$1,172	+4.6%	Non-metro
Goodhue County	$1,172	+7.0%	Non-metro
Itasca County	$1,164	+8.4%	Non-metro
Lake of the Woods County	$1,154	+13.8%	Non-metro
Pennington County	$1,142	+1.8%	Non-metro
Mille Lacs County	$1,124	+0.1%	Mille Lacs County, MN HUD Metro FMR Area
Winona County	$1,118	+4.9%	Non-metro
Becker County	$1,105	+7.6%	Non-metro
Clay County	$1,104	−0.7%	Fargo, ND-MN MSA
Le Sueur County	$1,098	+1.9%	Le Sueur County, MN HUD Metro FMR Area
Pine County	$1,096	−0.5%	Non-metro
Meeker County	$1,089	+9.2%	Non-metro
Pope County	$1,088	+3.3%	Non-metro
Mower County	$1,080	+3.0%	Non-metro
Nobles County	$1,076	+2.6%	Non-metro
McLeod County	$1,073	+7.4%	Non-metro
Brown County	$1,071	+10.1%	Non-metro
Otter Tail County	$1,071	+9.0%	Non-metro
Wadena County	$1,059	+4.2%	Non-metro
Aitkin County	$1,048	+7.7%	Non-metro
Freeborn County	$1,033	+6.1%	Non-metro
Waseca County	$1,030	+5.9%	Non-metro
Douglas County	$1,027	+3.6%	Non-metro
Stevens County	$1,027	+3.6%	Non-metro
Kandiyohi County	$1,026	+5.4%	Non-metro
Todd County	$1,025	+5.3%	Non-metro
Cook County	$1,022	+5.0%	Non-metro
Hubbard County	$1,020	+1.2%	Non-metro
Big Stone County	$1,014	+4.2%	Non-metro
Cass County	$1,014	+4.2%	Non-metro
Chippewa County	$1,014	+4.2%	Non-metro
Clearwater County	$1,014	+4.2%	Non-metro
Cottonwood County	$1,014	+4.2%	Non-metro
Faribault County	$1,014	+4.2%	Non-metro
Fillmore County	$1,014	−0.8%	Fillmore County, MN HUD Metro FMR Area
Grant County	$1,014	+4.2%	Non-metro
Jackson County	$1,014	+4.2%	Non-metro
Kanabec County	$1,014	+4.2%	Non-metro
Kittson County	$1,014	+4.2%	Non-metro
Koochiching County	$1,014	+4.2%	Non-metro
Lac qui Parle County	$1,014	+4.2%	Non-metro
Lincoln County	$1,014	+4.2%	Non-metro
Lyon County	$1,014	+4.2%	Non-metro
Mahnomen County	$1,014	+4.2%	Non-metro
Marshall County	$1,014	+4.2%	Non-metro
Martin County	$1,014	+4.2%	Non-metro
Morrison County	$1,014	+4.2%	Non-metro
Murray County	$1,014	+4.2%	Non-metro
Norman County	$1,014	+4.2%	Non-metro
Pipestone County	$1,014	+4.2%	Non-metro
Polk County	$1,014	−6.9%	Grand Forks, ND-MN MSA
Red Lake County	$1,014	+4.2%	Non-metro
Redwood County	$1,014	+4.2%	Non-metro
Renville County	$1,014	+4.2%	Non-metro
Rock County	$1,014	+4.2%	Rock County, MN HUD Metro FMR Area
Roseau County	$1,014	+4.2%	Non-metro
Sibley County	$1,014	+4.2%	Non-metro
Swift County	$1,014	+4.2%	Non-metro
Traverse County	$1,014	+4.2%	Non-metro
Wabasha County	$1,014	+1.3%	Wabasha County, MN HUD Metro FMR Area
Watonwan County	$1,014	+4.2%	Non-metro
Wilkin County	$1,014	+4.2%	Non-metro
Yellow Medicine County	$1,014	+4.2%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Minnesota
Metro area	Counties	2BR
Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area	11	$1,734
Rochester, MN HUD Metro FMR Area	2	$1,422
La Crosse-Onalaska, WI-MN HUD Metro FMR Area	1	$1,343
St. Cloud, MN MSA	2	$1,233
Mankato, MN MSA	2	$1,230
Duluth, MN-WI MSA	2	$1,207
Mille Lacs County, MN HUD Metro FMR Area	1	$1,124
Fargo, ND-MN MSA	1	$1,104
Le Sueur County, MN HUD Metro FMR Area	1	$1,098
Fillmore County, MN HUD Metro FMR Area	1	$1,014
Grand Forks, ND-MN MSA	1	$1,014
Rock County, MN HUD Metro FMR Area	1	$1,014
Wabasha County, MN HUD Metro FMR Area	1	$1,014

Questions about Minnesota rents

What is the fair market rent in Minnesota?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Minnesota is $1,048. Look up the county or ZIP code to see the value that applies to a specific property.

Which Minnesota counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Anoka County ($1,734), Carver County ($1,734), Chisago County ($1,734).

Does Minnesota use Small Area Fair Market Rents?

No area in Minnesota is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Minnesota counties Minnesota cities Minnesota ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027