What is the Fair Market Rent for a 2-bedroom in Rochester, MN HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Rochester, MN HUD Metro FMR Area is $1,407 per month for fiscal year 2026. The studio FMR is $1,112, 1-bedroom is $1,189, 3-bedroom is $1,957, and 4-bedroom is $2,360.

What income do you need to afford the FMR in Rochester, MN HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $56,280 per year ($4,690 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,407 in Rochester, MN HUD Metro FMR Area.

FY2026 Fair Market Rents — Rochester, MN HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$1,112

1BR

$1,189

2BR

$1,407

3BR

$1,957

4BR

$2,360

Hours/week at min wage

98 hrs

to afford the 2BR FMR @ $11.13/hr (MN)

YoY change (2BR)

+4.9%

+$66 vs FY2025 · 5-yr +38.8%

Voucher payment standard

$1,266–$1,548

PHAs set HCV payment at 90–110% of the 2BR FMR

Rochester, MN HUD Metro FMR Area

Non-Metropolitan area · MN · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,112	$13,344
1-Bedroom	$1,189	$14,268
2-Bedroom	$1,407	$16,884
3-Bedroom	$1,957	$23,484
4-Bedroom	$2,360	$28,320

Recent 2-Bedroom FMR Trend

FY2020 $1,016 → FY2026 $1,407

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,112	$1,189	$1,407	$1,957	$2,360
FY2025	$989	$1,101	$1,341	$1,879	$2,252
FY2024	$814	$927	$1,148	$1,618	$1,948
FY2023	$847	$985	$1,224	$1,740	$2,085
FY2022	$732	$865	$1,094	$1,554	$1,872
FY2021	$673	$789	$1,014	$1,447	$1,756
FY2020	$667	$777	$1,016	$1,416	$1,748

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $135,800

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$28,550	$32,600	$36,700	$40,750	$44,050	$47,300
50% AMI (Very Low)	$47,550	$54,350	$61,150	$67,900	$73,350	$78,800
80% AMI (Low)	$74,800	$85,450	$96,150	$106,800	$115,350	$123,900

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$16,884/yr

FMR as % of Area Median Income

12.4% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$56,280/yr

$4,690/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$1,188	$1,358	$1,527	$1,833	$1,969
60% AMI Maximum	$1,425	$1,629	$1,833	$2,199	$2,362

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$1,112	$1,189	$1,407	$1,957	$2,206
Low HOME Rent	$1,188	$1,358	$1,528	$1,697	$1,833

Compare Rochester, MN HUD Metro FMR Area With Other MN Metros

vs. Duluth, MN-WI MSA vs. Fargo, ND-MN MSA vs. Fillmore County, MN HUD Metro FMR Area vs. Grand Forks, ND-MN MSA vs. La Crosse-Onalaska, WI-MN MSA