FY2026 Fair Market Rents — Freeborn County
Studio
$672
1BR
$742
2BR
$974
3BR
$1,283
4BR
$1,432
Freeborn County, Minnesota
FIPS 27047 · County-level FMR and income limit data
FMR Area: Freeborn County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $672 | $8,064 |
| 1-Bedroom | $742 | $8,904 |
| 2-Bedroom | $974 | $11,688 |
| 3-Bedroom | $1,283 | $15,396 |
| 4-Bedroom | $1,432 | $17,184 |
To afford the FY2026 2-bedroom FMR of $974/mo under the 30%-of-income rule, a household needs about
$38,960/yr ($3,247/mo). Area Median Income is $91,600.
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 | $672 | $742 | $974 | $1,283 | $1,432 |
| FY2025 | $640 | $711 | $933 | $1,200 | $1,354 |
| FY2024 | $659 | $740 | $972 | $1,239 | $1,402 |
| FY2023 | $584 | $664 | $874 | $1,087 | $1,278 |
| FY2022 | $528 | $603 | $794 | $985 | $1,190 |
| FY2021 | $484 | $557 | $734 | $913 | $1,124 |
| FY2020 | $480 | $560 | $737 | $931 | $1,143 |
FY2026 Income Limits
Area Median Income: $91,600
| 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 |