FY2026 Fair Market Rents — Benton County
Studio
$874
1BR
$919
2BR
$1,206
3BR
$1,604
4BR
$1,873
Benton County, Minnesota
FIPS 27009 · County-level FMR and income limit data
FMR Area: St. Cloud, MN MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $874 | $10,488 |
| 1-Bedroom | $919 | $11,028 |
| 2-Bedroom | $1,206 | $14,472 |
| 3-Bedroom | $1,604 | $19,248 |
| 4-Bedroom | $1,873 | $22,476 |
To afford the FY2026 2-bedroom FMR of $1,206/mo under the 30%-of-income rule, a household needs about
$48,240/yr ($4,020/mo). Area Median Income is $107,100.
At MN's state minimum wage of $11.13/hr, a worker would need to work 84 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $874 | $919 | $1,206 | $1,604 | $1,873 |
| FY2025 | $856 | $883 | $1,151 | $1,510 | $1,798 |
| FY2024 | $877 | $906 | $1,155 | $1,531 | $1,820 |
| FY2023 | $754 | $781 | $972 | $1,309 | $1,552 |
| FY2022 | $688 | $722 | $886 | $1,216 | $1,429 |
| FY2021 | $634 | $671 | $821 | $1,160 | $1,357 |
| FY2020 | $605 | $657 | $804 | $1,151 | $1,370 |
FY2026 Income Limits
Area Median Income: $107,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,550 | $25,750 | $28,950 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,500 | $42,850 | $48,200 | $53,550 | $57,850 | $62,150 |
| 80% AMI | $60,000 | $68,600 | $77,150 | $85,700 | $92,600 | $99,450 |