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

The HUD Fair Market Rent for a 2-bedroom unit in Mille Lacs County, MN HUD Metro FMR Area is $1,123 per month for fiscal year 2026. The studio FMR is $850, 1-bedroom is $856, 3-bedroom is $1,346, and 4-bedroom is $1,884.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $44,920 per year ($3,743 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,123 in Mille Lacs County, MN HUD Metro FMR Area.

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

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

Studio

$850

1BR

$856

2BR

$1,123

3BR

$1,346

4BR

$1,884

Hours/week at min wage

78 hrs

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

National rank

#434

of 661 U.S. metros (top 67% most expensive)

YoY change (2BR)

+2.5%

+$27 vs FY2025 · 5-yr +20%

Voucher payment standard

$1,011–$1,235

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

Mille Lacs County, MN 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)	$850	$10,200
1-Bedroom	$856	$10,272
2-Bedroom	$1,123	$13,476
3-Bedroom	$1,346	$16,152
4-Bedroom	$1,884	$22,608

Recent 2-Bedroom FMR Trend

FY2020 $901 → FY2026 $1,123

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$850	$856	$1,123	$1,346	$1,884
FY2025	$830	$835	$1,096	$1,334	$1,840
FY2024	$855	$861	$1,131	$1,440	$1,919
FY2023	$676	$758	$998	$1,408	$1,700
FY2022	$639	$731	$962	$1,367	$1,647
FY2021	$618	$710	$936	$1,340	$1,515
FY2020	$587	$684	$901	$1,297	$1,412

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $92,900

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$20,600	$23,550	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$34,300	$39,200	$44,100	$49,000	$52,950	$56,850
80% AMI (Low)	$54,900	$62,750	$70,600	$78,400	$84,700	$90,950

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$13,476/yr

FMR as % of Area Median Income

14.5% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$44,920/yr

$3,743/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	$812	$929	$1,045	$1,254	$1,347
60% AMI Maximum	$975	$1,114	$1,254	$1,504	$1,616

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	$850	$856	$1,123	$1,346	$1,509
Low HOME Rent	$857	$980	$1,102	$1,225	$1,323

Compare Mille Lacs 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

Mille Lacs County