FY2026 Fair Market Rents — Wadena County
Studio
$701
1BR
$783
2BR
$1,016
3BR
$1,218
4BR
$1,345
Wadena County, Minnesota
FIPS 27159 · County-level FMR and income limit data
FMR Area: Wadena County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $701 | $8,412 |
| 1-Bedroom | $783 | $9,396 |
| 2-Bedroom | $1,016 | $12,192 |
| 3-Bedroom | $1,218 | $14,616 |
| 4-Bedroom | $1,345 | $16,140 |
To afford the FY2026 2-bedroom FMR of $1,016/mo under the 30%-of-income rule, a household needs about
$40,640/yr ($3,387/mo). Area Median Income is $88,700.
At MN's state minimum wage of $11.13/hr, a worker would need to work 71 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $701 | $783 | $1,016 | $1,218 | $1,345 |
| FY2025 | $643 | $738 | $937 | $1,129 | $1,242 |
| FY2024 | $660 | $756 | $974 | $1,178 | $1,297 |
| FY2023 | $560 | $717 | $837 | $1,019 | $1,124 |
| FY2022 | $503 | $639 | $757 | $936 | $1,072 |
| FY2021 | $484 | $620 | $734 | $913 | $1,178 |
| FY2020 | $471 | $560 | $714 | $910 | $1,254 |
FY2026 Income Limits
Area Median Income: $88,700
| 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 |