FY2026 Fair Market Rents — Rochester, MN HUD Metro FMR Area
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,112
1BR
$1,189
2BR
$1,407
3BR
$1,957
4BR
$2,360
Hours/week at min wage
98 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
National rank
#221
of 661 U.S. metros (top 34% most expensive)
YoY change (2BR)
+4.9%
+$66 vs FY2025 · 5-yr +38.8%
Voucher payment standard
$1,266–$1,548
PHAs set HCV payment at 90–110% of the 2BR FMR
Rochester, 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) | $1,112 | $13,344 |
| 1-Bedroom | $1,189 | $14,268 |
| 2-Bedroom | $1,407 | $16,884 |
| 3-Bedroom | $1,957 | $23,484 |
| 4-Bedroom | $2,360 | $28,320 |
Recent 2-Bedroom FMR Trend
FY2020 $1,016 → FY2026 $1,407
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,112 | $1,189 | $1,407 | $1,957 | $2,360 |
| FY2025 | $989 | $1,101 | $1,341 | $1,879 | $2,252 |
| FY2024 | $814 | $927 | $1,148 | $1,618 | $1,948 |
| FY2023 | $847 | $985 | $1,224 | $1,740 | $2,085 |
| FY2022 | $732 | $865 | $1,094 | $1,554 | $1,872 |
| FY2021 | $673 | $789 | $1,014 | $1,447 | $1,756 |
| FY2020 | $667 | $777 | $1,016 | $1,416 | $1,748 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $135,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $28,550 | $32,600 | $36,700 | $40,750 | $44,050 | $47,300 |
| 50% AMI (Very Low) | $47,550 | $54,350 | $61,150 | $67,900 | $73,350 | $78,800 |
| 80% AMI (Low) | $74,800 | $85,450 | $96,150 | $106,800 | $115,350 | $123,900 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$16,884/yr
FMR as % of Area Median Income
12.4% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$56,280/yr
$4,690/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 | $1,188 | $1,358 | $1,527 | $1,833 | $1,969 |
| 60% AMI Maximum | $1,425 | $1,629 | $1,833 | $2,199 | $2,362 |
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 | $1,112 | $1,189 | $1,407 | $1,957 | $2,206 |
| Low HOME Rent | $1,188 | $1,358 | $1,528 | $1,697 | $1,833 |
Compare Rochester, 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