FY2026 Fair Market Rents — Olmsted County
Studio
$1,112
1BR
$1,189
2BR
$1,407
3BR
$1,957
4BR
$2,360
Olmsted County, Minnesota
FIPS 27109 · County-level FMR and income limit data
FMR Area: Rochester, MN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,112 | $13,344 |
| 1-Bedroom | $1,189 | $14,268 |
| 2-Bedroom | $1,407 | $16,884 |
| 3-Bedroom | $1,957 | $23,484 |
| 4-Bedroom | $2,360 | $28,320 |
To afford the FY2026 2-bedroom FMR of $1,407/mo under the 30%-of-income rule, a household needs about
$56,280/yr ($4,690/mo). Area Median Income is $135,800.
At MN's state minimum wage of $11.13/hr, a worker would need to work 98 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,112 | $1,189 | $1,407 | $1,957 | $2,360 |
| FY2025 | $989 | $1,101 | $1,341 | $1,879 | $2,252 |
| FY2024 | $814 | $927 | $1,148 | $1,618 | $1,948 |
| FY2023 | $847 | $985 | $1,224 | $1,740 | $2,085 |
| FY2022 | $732 | $865 | $1,094 | $1,554 | $1,872 |
| FY2021 | $673 | $789 | $1,014 | $1,447 | $1,756 |
| FY2020 | $667 | $777 | $1,016 | $1,416 | $1,748 |
FY2026 Income Limits
Area Median Income: $135,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $28,550 | $32,600 | $36,700 | $40,750 | $44,050 | $47,300 |
| 50% AMI | $47,550 | $54,350 | $61,150 | $67,900 | $73,350 | $78,800 |
| 80% AMI | $74,800 | $85,450 | $96,150 | $106,800 | $115,350 | $123,900 |