FY2026 Fair Market Rents — Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area

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

Studio
$1,242
1BR
$1,405
2BR
$1,709
3BR
$2,262
4BR
$2,531
Hours/week at min wage
119 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+1.4%
+$24 vs FY2025 · 5-yr +30.7%
Voucher payment standard
$1,538–$1,880
PHAs set HCV payment at 90–110% of the 2BR FMR

Minneapolis-St. Paul-Bloomington, MN-WI 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) $1,242 $14,904
1-Bedroom $1,405 $16,860
2-Bedroom $1,709 $20,508
3-Bedroom $2,262 $27,144
4-Bedroom $2,531 $30,372

Recent 2-Bedroom FMR Trend

FY2020 $1,214 → FY2026 $1,709
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $1,242 $1,405 $1,709 $2,262 $2,531
FY2025 $1,220 $1,381 $1,685 $2,244 $2,513
FY2024 $1,174 $1,327 $1,622 $2,188 $2,478
FY2023 $1,007 $1,149 $1,410 $1,916 $2,209
FY2022 $932 $1,078 $1,329 $1,841 $2,145
FY2021 $898 $1,054 $1,308 $1,838 $2,156
FY2020 $820 $971 $1,214 $1,722 $2,025

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $131,500

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $27,650 $31,600 $35,550 $39,450 $42,650 $45,800
50% AMI (Very Low) $46,050 $52,600 $59,200 $65,750 $71,050 $76,300
80% AMI (Low) $73,650 $84,200 $94,700 $105,200 $113,650 $122,050

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$20,508/yr
FMR as % of Area Median Income
15.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$68,360/yr
$5,697/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 $1,150 $1,315 $1,479 $1,775 $1,906
60% AMI Maximum $1,380 $1,578 $1,775 $2,130 $2,288

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 $1,242 $1,405 $1,709 $2,136 $2,136
Low HOME Rent $1,151 $1,315 $1,480 $1,643 $1,776

Compare Minneapolis-St. Paul-Bloomington, MN-WI 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

Counties in This FMR Area

Related Pages