FY2026 Fair Market Rents — Nobles County
Studio
$723
1BR
$799
2BR
$1,049
3BR
$1,294
4BR
$1,389
Nobles County, Minnesota
FIPS 27105 · County-level FMR and income limit data
FMR Area: Nobles County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $723 | $8,676 |
| 1-Bedroom | $799 | $9,588 |
| 2-Bedroom | $1,049 | $12,588 |
| 3-Bedroom | $1,294 | $15,528 |
| 4-Bedroom | $1,389 | $16,668 |
To afford the FY2026 2-bedroom FMR of $1,049/mo under the 30%-of-income rule, a household needs about
$41,960/yr ($3,497/mo). Area Median Income is $83,300.
At MN's state minimum wage of $11.13/hr, a worker would need to work 73 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $723 | $799 | $1,049 | $1,294 | $1,389 |
| FY2025 | $706 | $785 | $1,030 | $1,241 | $1,366 |
| FY2024 | $722 | $811 | $1,065 | $1,300 | $1,418 |
| FY2023 | $618 | $702 | $924 | $1,183 | $1,241 |
| FY2022 | $618 | $622 | $818 | $1,073 | $1,109 |
| FY2021 | $553 | $557 | $734 | $990 | $995 |
| FY2020 | $572 | $576 | $758 | $1,009 | $1,027 |
FY2026 Income Limits
Area Median Income: $83,300
| 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 |