FY2026 Fair Market Rents — Rice County, MN
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$899
1BR
$905
2BR
$1,187
3BR
$1,534
4BR
$1,991
Hours/week at min wage
83 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+0.8%
+$10 vs FY2025 · 5-yr +31.3%
Voucher payment standard
$1,068–$1,306
PHAs set HCV payment at 90–110% of the 2BR FMR
Rice 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) | $899 | $10,788 |
| 1-Bedroom | $905 | $10,860 |
| 2-Bedroom | $1,187 | $14,244 |
| 3-Bedroom | $1,534 | $18,408 |
| 4-Bedroom | $1,991 | $23,892 |
Recent 2-Bedroom FMR Trend
FY2020 $923 → FY2026 $1,187
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $899 | $905 | $1,187 | $1,534 | $1,991 |
| FY2025 | $891 | $897 | $1,177 | $1,564 | $1,938 |
| FY2024 | $913 | $918 | $1,206 | $1,634 | $1,932 |
| FY2023 | $795 | $815 | $1,073 | $1,477 | $1,688 |
| FY2022 | $690 | $749 | $986 | $1,337 | $1,493 |
| FY2021 | $609 | $686 | $904 | $1,242 | $1,307 |
| FY2020 | $603 | $701 | $923 | $1,270 | $1,293 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $108,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $22,750 | $26,000 | $29,250 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $37,950 | $43,400 | $48,800 | $54,200 | $58,550 | $62,900 |
| 80% AMI (Low) | $60,700 | $69,400 | $78,050 | $86,700 | $93,650 | $100,600 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$14,244/yr
FMR as % of Area Median Income
13.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$47,480/yr
$3,957/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 | $948 | $1,084 | $1,219 | $1,463 | $1,571 |
| 60% AMI Maximum | $1,138 | $1,300 | $1,463 | $1,756 | $1,886 |
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 | $899 | $905 | $1,187 | $1,534 | $1,761 |
| Low HOME Rent | $948 | $1,085 | $1,220 | $1,355 | $1,463 |
Compare Rice 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