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

The HUD Fair Market Rent for a 2-bedroom unit in Sibley County, MN HUD Metro FMR Area is $973 per month for fiscal year 2026. The studio FMR is $671, 1-bedroom is $742, 3-bedroom is $1,299, and 4-bedroom is $1,304.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $38,920 per year ($3,243 per month) to afford the FY2026 2-bedroom Fair Market Rent of $973 in Sibley County, MN HUD Metro FMR Area.

FY2026 Fair Market Rents — Sibley County, MN HUD Metro FMR Area

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

Studio

$671

1BR

$742

2BR

$973

3BR

$1,299

4BR

$1,304

Hours/week at min wage

68 hrs

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

YoY change (2BR)

+4.3%

+$40 vs FY2025 · 5-yr +20.4%

Voucher payment standard

$876–$1,070

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

Sibley County, 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)	$671	$8,052
1-Bedroom	$742	$8,904
2-Bedroom	$973	$11,676
3-Bedroom	$1,299	$15,588
4-Bedroom	$1,304	$15,648

Recent 2-Bedroom FMR Trend

FY2020 $785 → FY2026 $973

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$671	$742	$973	$1,299	$1,304
FY2025	$640	$711	$933	$1,232	$1,237
FY2024	$662	$762	$977	$1,245	$1,301
FY2023	$574	$692	$858	$1,095	$1,190
FY2022	$521	$637	$784	$991	$1,134
FY2021	$555	$660	$808	$1,070	$1,194
FY2020	$531	$621	$785	$1,052	$1,167

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $105,600

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$22,200	$25,400	$28,550	$33,000	$38,680	$44,360
50% AMI (Very Low)	$37,000	$42,250	$47,550	$52,800	$57,050	$61,250
80% AMI (Low)	$59,150	$67,600	$76,050	$84,500	$91,300	$98,050

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$11,676/yr

FMR as % of Area Median Income

11.1% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$38,920/yr

$3,243/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	$924	$1,056	$1,188	$1,425	$1,531
60% AMI Maximum	$1,108	$1,267	$1,425	$1,710	$1,837

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	$671	$742	$973	$1,299	$1,304
Low HOME Rent	$925	$1,056	$1,188	$1,320	$1,426

Compare Sibley County, 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

Counties in This FMR Area

Sibley County