FY2026 Fair Market Rents — Steele County
Studio
$697
1BR
$702
2BR
$873
3BR
$1,214
4BR
$1,464
Steele County, North Dakota
FIPS 38091 · County-level FMR and income limit data
FMR Area: Steele County, ND
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $697 | $8,364 |
| 1-Bedroom | $702 | $8,424 |
| 2-Bedroom | $873 | $10,476 |
| 3-Bedroom | $1,214 | $14,568 |
| 4-Bedroom | $1,464 | $17,568 |
To afford the FY2026 2-bedroom FMR of $873/mo under the 30%-of-income rule, a household needs about
$34,920/yr ($2,910/mo). Area Median Income is $115,300.
At ND's federal minimum wage of $7.25/hr, a worker would need to work 93 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $697 | $702 | $873 | $1,214 | $1,464 |
| FY2025 | $753 | $758 | $928 | $1,300 | $1,558 |
| FY2024 | $688 | $692 | $859 | $1,211 | $1,458 |
| FY2023 | $639 | $643 | $826 | $1,174 | $1,370 |
| FY2022 | $572 | $575 | $757 | $1,075 | $1,194 |
| FY2021 | $553 | $557 | $734 | $1,050 | $1,118 |
| FY2020 | $539 | $542 | $714 | $1,030 | $1,085 |
FY2026 Income Limits
Area Median Income: $115,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,250 | $27,700 | $31,150 | $34,600 | $38,680 | $44,360 |
| 50% AMI | $40,400 | $46,150 | $51,900 | $57,650 | $62,300 | $66,900 |
| 80% AMI | $64,600 | $73,800 | $83,050 | $92,250 | $99,650 | $107,050 |