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)
National rank
#131
of 661 U.S. metros (top 21% most expensive)
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

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

Anoka County Carver County Chisago County Dakota County Hennepin County Isanti County Ramsey County Scott County Sherburne County Washington County Wright County Pierce County St. Croix County

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