Faribault County
FY 2026 HUD Fair Market Rents in Minnesota. Population: 13,931.
Fair Market Rents (2026)
Studio
National avg: $893
$671/mo
↑ 4.8% YoY
-25% vs US
1 Bedroom
National avg: $959
$790/mo
↑ 6.2% YoY
-18% vs US
2 Bedroom
National avg: $1,175
$973/mo
↑ 4.3% YoY
-17% vs US
3 Bedroom
National avg: $1,525
$1,312/mo
↑ 0.4% YoY
-14% vs US
4 Bedroom
National avg: $1,756
$1,317/mo
↑ 0.4% YoY
-25% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $640 | $671 | +$31 (+4.8%) |
| 1 Bedroom | $744 | $790 | +$46 (+6.2%) |
| 2 Bedroom | $933 | $973 | +$40 (+4.3%) |
| 3 Bedroom | $1,307 | $1,312 | +$5 (+0.4%) |
| 4 Bedroom | $1,312 | $1,317 | +$5 (+0.4%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$31,600
$2,633/month gross
Required annual income for 2 BR
$38,920
$3,243/month gross
Other Counties in Minnesota
Swift County
1 BR: $768/mo
Meeker County
1 BR: $854/mo
Dakota County
1 BR: $1,405/mo
Lac qui Parle County
1 BR: $833/mo
Pipestone County
1 BR: $742/mo
Chippewa County
1 BR: $772/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.