FY2026 Fair Market Rents — Itasca County
Studio
$754
1BR
$860
2BR
$1,074
3BR
$1,401
4BR
$1,516
Itasca County, Minnesota
FIPS 27061 · County-level FMR and income limit data
FMR Area: Itasca County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $754 | $9,048 |
| 1-Bedroom | $860 | $10,320 |
| 2-Bedroom | $1,074 | $12,888 |
| 3-Bedroom | $1,401 | $16,812 |
| 4-Bedroom | $1,516 | $18,192 |
To afford the FY2026 2-bedroom FMR of $1,074/mo under the 30%-of-income rule, a household needs about
$42,960/yr ($3,580/mo). Area Median Income is $92,900.
At MN's state minimum wage of $11.13/hr, a worker would need to work 75 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $754 | $860 | $1,074 | $1,401 | $1,516 |
| FY2025 | $747 | $794 | $1,007 | $1,268 | $1,392 |
| FY2024 | $811 | $817 | $1,059 | $1,280 | $1,431 |
| FY2023 | $723 | $728 | $958 | $1,166 | $1,287 |
| FY2022 | $668 | $673 | $885 | $1,094 | $1,200 |
| FY2021 | $600 | $604 | $796 | $990 | $1,079 |
| FY2020 | $601 | $605 | $797 | $993 | $1,080 |
FY2026 Income Limits
Area Median Income: $92,900
| 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 |