FY2026 Fair Market Rents — McLeod County
Studio
$823
1BR
$865
2BR
$999
3BR
$1,198
4BR
$1,662
McLeod County, Minnesota
FIPS 27085 · County-level FMR and income limit data
FMR Area: McLeod County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $823 | $9,876 |
| 1-Bedroom | $865 | $10,380 |
| 2-Bedroom | $999 | $11,988 |
| 3-Bedroom | $1,198 | $14,376 |
| 4-Bedroom | $1,662 | $19,944 |
To afford the FY2026 2-bedroom FMR of $999/mo under the 30%-of-income rule, a household needs about
$39,960/yr ($3,330/mo). Area Median Income is $107,300.
At MN's state minimum wage of $11.13/hr, a worker would need to work 70 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $823 | $865 | $999 | $1,198 | $1,662 |
| FY2025 | $748 | $762 | $933 | $1,198 | $1,567 |
| FY2024 | $732 | $737 | $963 | $1,331 | $1,634 |
| FY2023 | $641 | $643 | $847 | $1,204 | $1,443 |
| FY2022 | $606 | $624 | $821 | $1,166 | $1,405 |
| FY2021 | $493 | $567 | $747 | $1,069 | $1,284 |
| FY2020 | $512 | $589 | $776 | $1,119 | $1,280 |
FY2026 Income Limits
Area Median Income: $107,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,550 | $25,800 | $29,000 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,600 | $42,950 | $48,300 | $53,650 | $57,950 | $62,250 |
| 80% AMI | $60,100 | $68,700 | $77,300 | $85,850 | $92,750 | $99,600 |