Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 56399 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 56399 (Saint Cloud, MN) is $1,233 a month. That is up 2.2% from $1,206 in FY 2026. Saint Cloud is in the St. Cloud, MN MSA. The median county two-bedroom FMR in Minnesota is $1,048, so ZIP 56399 is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 56399
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$874
$884
+1.1%
$796–$972
1BR
$919
$961
+4.6%
$865–$1,057
2BR
$1,206
$1,233
+2.2%
$1,110–$1,356
3BR
$1,604
$1,656
+3.2%
$1,490–$1,822
4BR
$1,873
$1,961
+4.7%
$1,765–$2,157
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 56399
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$884
$961
$1,233
$1,656
$1,961
FY 2026
$874
$919
$1,206
$1,604
$1,873
FY 2025
$856
$883
$1,151
$1,510
$1,798
FY 2024
$877
$906
$1,155
$1,531
$1,820
FY 2023
$754
$781
$972
$1,309
$1,552
Questions about ZIP 56399 rents
How much will Section 8 pay for a two-bedroom in ZIP 56399?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,233, that basic range is $1,110 to $1,356 a month. 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 ZIP 56399 in?
ZIP 56399 is in the St. Cloud, MN MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 56399 for FY 2027?
The two-bedroom FMR rose 2.2%, from $1,206 in FY 2026 to $1,233 in FY 2027. Since FY 2023 it has risen 26.9%.
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 Fair Market Rents. 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