FY2026 Fair Market Rents — McLeod County, MN
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$823
1BR
$865
2BR
$999
3BR
$1,198
4BR
$1,662
Hours/week at min wage
70 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+7.1%
+$66 vs FY2025 · 5-yr +33.7%
Voucher payment standard
$899–$1,099
PHAs set HCV payment at 90–110% of the 2BR FMR
McLeod County, MN
Non-Metropolitan area · MN · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $823 | $9,876 |
| 1-Bedroom | $865 | $10,380 |
| 2-Bedroom | $999 | $11,988 |
| 3-Bedroom | $1,198 | $14,376 |
| 4-Bedroom | $1,662 | $19,944 |
Recent 2-Bedroom FMR Trend
FY2020 $776 → FY2026 $999
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $823 | $865 | $999 | $1,198 | $1,662 |
| FY2025 | $748 | $762 | $933 | $1,198 | $1,567 |
| FY2024 | $732 | $737 | $963 | $1,331 | $1,634 |
| FY2023 | $641 | $643 | $847 | $1,204 | $1,443 |
| FY2022 | $606 | $624 | $821 | $1,166 | $1,405 |
| FY2021 | $493 | $567 | $747 | $1,069 | $1,284 |
| FY2020 | $512 | $589 | $776 | $1,119 | $1,280 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $107,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $22,550 | $25,800 | $29,000 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $37,600 | $42,950 | $48,300 | $53,650 | $57,950 | $62,250 |
| 80% AMI (Low) | $60,100 | $68,700 | $77,300 | $85,850 | $92,750 | $99,600 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$11,988/yr
FMR as % of Area Median Income
11.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$39,960/yr
$3,330/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 | $938 | $1,073 | $1,207 | $1,448 | $1,555 |
| 60% AMI Maximum | $1,126 | $1,287 | $1,448 | $1,738 | $1,867 |
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 | $823 | $865 | $999 | $1,198 | $1,662 |
| Low HOME Rent | $940 | $1,073 | $1,207 | $1,341 | $1,448 |
Compare McLeod County, MN 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