FY2026 Fair Market Rents — Lac qui Parle County
Studio
$671
1BR
$833
2BR
$973
3BR
$1,353
4BR
$1,415
Lac qui Parle County, Minnesota
FIPS 27073 · County-level FMR and income limit data
FMR Area: Lac qui Parle County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $671 | $8,052 |
| 1-Bedroom | $833 | $9,996 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,415 | $16,980 |
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 $99,300.
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 | $833 | $973 | $1,353 | $1,415 |
| FY2025 | $640 | $835 | $933 | $1,307 | $1,567 |
| FY2024 | $613 | $744 | $905 | $1,213 | $1,472 |
| FY2023 | $552 | $628 | $826 | $1,032 | $1,255 |
| FY2022 | $503 | $575 | $757 | $936 | $1,095 |
| FY2021 | $484 | $557 | $734 | $941 | $1,047 |
| FY2020 | $471 | $552 | $714 | $940 | $978 |
FY2026 Income Limits
Area Median Income: $99,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,900 | $23,850 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,800 | $39,750 | $44,700 | $49,650 | $53,650 | $57,600 |
| 80% AMI | $55,650 | $63,600 | $71,550 | $79,450 | $85,850 | $92,200 |