FY2026 Fair Market Rents — Red Lake County
Studio
$671
1BR
$742
2BR
$973
3BR
$1,277
4BR
$1,288
Red Lake County, Minnesota
FIPS 27125 · County-level FMR and income limit data
FMR Area: Red Lake County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $671 | $8,052 |
| 1-Bedroom | $742 | $8,904 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,277 | $15,324 |
| 4-Bedroom | $1,288 | $15,456 |
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 $106,700.
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 | $671 | $742 | $973 | $1,277 | $1,288 |
| FY2025 | $640 | $711 | $933 | $1,215 | $1,237 |
| FY2024 | $613 | $689 | $905 | $1,201 | $1,205 |
| FY2023 | $552 | $628 | $826 | $1,174 | $1,202 |
| FY2022 | $555 | $582 | $757 | $1,075 | $1,101 |
| FY2021 | $595 | $606 | $734 | $1,050 | $1,062 |
| FY2020 | $579 | $627 | $714 | $964 | $967 |
FY2026 Income Limits
Area Median Income: $106,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,400 | $25,600 | $28,800 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,350 | $42,700 | $48,050 | $53,350 | $57,650 | $61,900 |
| 80% AMI | $59,750 | $68,300 | $76,850 | $85,350 | $92,200 | $99,050 |