FY2026 Fair Market Rents — Mille Lacs County
Studio
$850
1BR
$856
2BR
$1,123
3BR
$1,346
4BR
$1,884
Mille Lacs County, Minnesota
FIPS 27095 · County-level FMR and income limit data
FMR Area: Mille Lacs County, MN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $850 | $10,200 |
| 1-Bedroom | $856 | $10,272 |
| 2-Bedroom | $1,123 | $13,476 |
| 3-Bedroom | $1,346 | $16,152 |
| 4-Bedroom | $1,884 | $22,608 |
To afford the FY2026 2-bedroom FMR of $1,123/mo under the 30%-of-income rule, a household needs about
$44,920/yr ($3,743/mo). Area Median Income is $92,900.
At MN's state minimum wage of $11.13/hr, a worker would need to work 78 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $850 | $856 | $1,123 | $1,346 | $1,884 |
| FY2025 | $830 | $835 | $1,096 | $1,334 | $1,840 |
| FY2024 | $855 | $861 | $1,131 | $1,440 | $1,919 |
| FY2023 | $676 | $758 | $998 | $1,408 | $1,700 |
| FY2022 | $639 | $731 | $962 | $1,367 | $1,647 |
| FY2021 | $618 | $710 | $936 | $1,340 | $1,515 |
| FY2020 | $587 | $684 | $901 | $1,297 | $1,412 |
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 |