FY2026 Fair Market Rents — Lyon County
Studio
$678
1BR
$834
2BR
$973
3BR
$1,353
4BR
$1,632
Lyon County, Minnesota
FIPS 27083 · County-level FMR and income limit data
FMR Area: Lyon County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $678 | $8,136 |
| 1-Bedroom | $834 | $10,008 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,632 | $19,584 |
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 $102,300.
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 | $678 | $834 | $973 | $1,353 | $1,632 |
| FY2025 | $646 | $780 | $933 | $1,307 | $1,567 |
| FY2024 | $613 | $715 | $905 | $1,275 | $1,514 |
| FY2023 | $590 | $628 | $826 | $1,172 | $1,391 |
| FY2022 | $526 | $575 | $757 | $1,064 | $1,239 |
| FY2021 | $506 | $557 | $734 | $1,008 | $1,228 |
| FY2020 | $471 | $542 | $714 | $975 | $1,227 |
FY2026 Income Limits
Area Median Income: $102,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,500 | $24,600 | $27,650 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,850 | $40,950 | $46,050 | $51,150 | $55,250 | $59,350 |
| 80% AMI | $57,300 | $65,500 | $73,700 | $81,850 | $88,400 | $94,950 |