FY2026 Fair Market Rents — Chippewa County
Studio
$671
1BR
$772
2BR
$973
3BR
$1,353
4BR
$1,382
Chippewa County, Minnesota
FIPS 27023 · County-level FMR and income limit data
FMR Area: Chippewa County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $671 | $8,052 |
| 1-Bedroom | $772 | $9,264 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,382 | $16,584 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $97,500.
At MN's state minimum wage of $11.13/hr, a worker would need to work 68 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $671 | $772 | $973 | $1,353 | $1,382 |
| FY2025 | $640 | $779 | $933 | $1,307 | $1,315 |
| FY2024 | $613 | $767 | $905 | $1,275 | $1,285 |
| FY2023 | $552 | $701 | $826 | $1,151 | $1,255 |
| FY2022 | $513 | $582 | $757 | $1,026 | $1,184 |
| FY2021 | $502 | $572 | $734 | $1,033 | $1,181 |
| FY2020 | $487 | $574 | $714 | $1,030 | $1,102 |
FY2026 Income Limits
Area Median Income: $97,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,600 | $23,550 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,300 | $39,200 | $44,100 | $49,000 | $52,950 | $56,850 |
| 80% AMI | $54,900 | $62,750 | $70,600 | $78,400 | $84,700 | $90,950 |