FY2026 Fair Market Rents — Watonwan County
Studio
$671
1BR
$842
2BR
$973
3BR
$1,283
4BR
$1,288
Watonwan County, Minnesota
FIPS 27165 · County-level FMR and income limit data
FMR Area: Watonwan County, MN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $671 | $8,052 |
| 1-Bedroom | $842 | $10,104 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,283 | $15,396 |
| 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 $100,200.
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 | $842 | $973 | $1,283 | $1,288 |
| FY2025 | $640 | $829 | $933 | $1,232 | $1,237 |
| FY2024 | $613 | $806 | $905 | $1,275 | $1,324 |
| FY2023 | $552 | $731 | $826 | $1,174 | $1,345 |
| FY2022 | $503 | $664 | $757 | $1,075 | $1,150 |
| FY2021 | $484 | $644 | $734 | $1,050 | $1,065 |
| FY2020 | $471 | $627 | $714 | $964 | $967 |
FY2026 Income Limits
Area Median Income: $100,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,050 | $24,050 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,100 | $40,100 | $45,100 | $50,100 | $54,150 | $58,150 |
| 80% AMI | $56,150 | $64,150 | $72,150 | $80,150 | $86,600 | $93,000 |