County FMR · HUD FY2026
Lake of the Woods County Fair Market Rent
HUD's FY2026 Fair Market Rent for Lake of the Woods County, MN - 19% below the US average.
- $773
- 1-bedroom FMR
- $1,014
- 2-bedroom FMR
- +8.7%
- YoY change
- -19%
- vs US avg
The verdict
Lake of the Woods is the 41st most expensive of 87 counties in Minnesota by 2-bedroom FMR; nationally it ranks #1,479 most affordable of 3,145 HUD counties; rent here has climbed 8.7% since FY 2025, a modest shift relative to most counties.
- #1,479
- most affordable of 3,145 US counties (2BR)
- #41
- most expensive of 87 in Minnesota (2BR)
- -14%
- vs the state average
- $30,920
- income to afford it (30% rule)
Software Developers spend the smallest share of income on rent here (7.4%), while Fast Food and Counter Workers spend the most (29%); 15 of 15 common occupations here can afford a 1-bedroom at Fair Market Rent without exceeding the 30% threshold.
FY 2026 HUD Fair Market Rent for Lake of the Woods County, MN. Verify with HUD →
The Fair Market Rent for a 1-bedroom apartment in Lake of the Woods County, Minnesota is $773 per month in FY 2026, according to the U.S. Department of Housing and Urban Development (HUD). A 2-bedroom costs $1,014/mo and a studio is $699/mo. This is 19% lower than the national average of $959 and 14% below the Minnesota average of $899.
Rent increased8.7% from FY 2025 ($711), outpacing inflation. The 30% affordability floor is comparatively reachable here at $30,920/year.
Observed renter burden: 55.0% of the 262 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from HUD's FY2026 Fair Market Rent benchmark above.
Market slack: The ACS rental vacancy rate here is 10.6%, a loose rental market that typically gives renters more negotiating leverage than the FMR schedule alone implies.
Local labor market: The county's BLS unemployment rate has averaged 5.5% over the past 12 months, close to the typical US county range.
FY 2026 HUD Fair Market Rents in Minnesota. Population: 3,786. Population has held roughly steady over the past five years (-0.2%, Census ACS). That's slower than Minnesota's statewide growth of +3.4% over the same period.
FMR filing desk
Area LAKE·OF·THE·WOODS·COUNTY·MN·MN
Lake of the Woods County, MN: $773/mo 1BR · #1479 of 3145 counties (2BR) · FY2026
- FMR-AREA MN
- 1BR-FMR $773
- 2BR-FMR $1,014
- RANK-MID #1,479
- YOY-SURGE +8.7%
- VSUS-BELOW -19%
- VS-ST-LOW -14% MN
- INC-ROOM 13%
- POP-SMALL 4K
- PHOTO-NEAR Hennepin County
- VOUCH-90-110 $696–$850
- FY-2026 FY2026
Photo-finish peer: Hennepin ($632 1BR gap)
Read with: Section 8 housing guide
Fair Market Rents (2026)
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $640 | $699 | +$59 (+9.2%) |
| 1 Bedroom | $711 | $773 | +$62 (+8.7%) |
| 2 Bedroom | $933 | $1,014 | +$81 (+8.7%) |
| 3 Bedroom | $1,124 | $1,216 | +$92 (+8.2%) |
| 4 Bedroom | $1,347 | $1,474 | +$127 (+9.4%) |
Rent Burden Analysis
How much of household income goes to rent in Lake of the Woods County. The 30% threshold indicates cost burden.
How we calculate this
Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.
Where Lake of the Woods sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$1,014 higher than 47% of 3,145 counties
Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026
How Lake of the Woods compares on 1-bedroom rent
1-bedroom FMR vs other Minnesota counties
- Hennepin
Hennepin County
$1,405 1BR FMR / mo
- Ramsey
Ramsey County
$1,405 1BR FMR / mo
- Dakota
Dakota County
$1,405 1BR FMR / mo
- Anoka
Anoka County
$1,405 1BR FMR / mo
- Washington
Washington County
$1,405 1BR FMR / mo
- St. Louis
St. Louis County
$978 1BR FMR / mo
- Lake of the Woods
Lake of the Woods County
$773 1BR FMR / mo
What this shows Lake of the Woods is highlighted. Nearby Minnesota counties by 1-bedroom FMR, highest to lowest: Hennepin County ($1,405), Ramsey County ($1,405), Dakota County ($1,405), Anoka County ($1,405), Washington County ($1,405), St. Louis County ($978), Lake of the Woods County (this county) ($773).
Can Common Jobs Afford Rent Here?
With a below-average 1-bedroom at $773/mo, most of these Minnesota occupations clear, or miss, the 30% affordability line.
| Occupation | MN Salary | Rent Burden | Verdict |
|---|---|---|---|
| Software Developers | $124,540 | 7.4% | Affordable |
| Registered Nurses | $100,870 | 9.2% | Affordable |
| General & Operations Managers | $96,130 | 9.6% | Affordable |
| Police & Sheriff's Patrol Officers | $83,310 | 11.1% | Affordable |
| Accountants & Auditors | $81,100 | 11.4% | Affordable |
| Electricians | $81,430 | 11.4% | Affordable |
| Paralegals & Legal Assistants | $67,320 | 13.8% | Affordable |
| Elementary School Teachers | $63,120 | 14.7% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $61,090 | 15.2% | Affordable |
| Pharmacy Technicians | $48,560 | 19.1% | Affordable |
| Customer Service Representatives | $47,470 | 19.5% | Affordable |
| Janitors & Cleaners | $38,320 | 24.2% | Affordable |
| Teaching Assistants | $38,160 | 24.3% | Affordable |
| Retail Salespersons | $35,310 | 26.3% | Affordable |
| Fast Food & Counter Workers | $31,950 | 29% | Affordable |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Lake of the Woods County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Lake of the Woods (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 30.8% overall, from $591 to $773. The increases have been fairly steady year to year, with no single jump exceeding 10.3% (FY 2022).
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↑8.7% | $699 | $773 | $1,014 |
| FY 2025 ↓4.0% | $640 | $711 | $933 |
| FY 2024 ↑7.5% | $660 | $741 | $974 |
| FY 2023 ↑9.4% | $605 | $689 | $905 |
| FY 2022 ↑10.3% | $549 | $630 | $826 |
| FY 2021 ↓3.4% | $497 | $571 | $753 |
| FY 2020 | $513 | $591 | $778 |
Where Lake of the Woods County Ranks in Minnesota
Lake of the Woods County is not part of any federally-designated metropolitan or micropolitan statistical area -- an independent rental market not administratively tied to a larger urban core. By 2-bedroom FMR, it ranks #47 of 87 counties in Minnesota. Nearest by rank: Freeborn County ($974), Otter Tail County ($983), Douglas County ($991), Stevens County ($991), Meeker County ($997), McLeod County ($999), Wabasha County ($1,001), Hubbard County ($1,008), Lake of the Woods County (this county) ($1,014), Wadena County ($1,016), Fillmore County ($1,022), Becker County ($1,027), Mower County ($1,049), Nobles County ($1,049), Pope County ($1,053), Winona County ($1,066), Itasca County ($1,074).
Nationwide peers by 2BR FMR & rent burden
Two PlainRent-derived comparison paths for Lake of the Woods County, both outside Minnesota so the link neighborhoods are not the same-state geography lattice above. Axes stay disjoint: burden peers exclude the FMR peer set.
Similar 2-bedroom FMR
Nearest HUD 2BR Fair Market Rents outside MN (FY2026).
Similar rent burden
Nearest 2BR FMR as a share of median household income (outside MN).
Nearby Counties in Minnesota
Largest counties by population in Minnesota
Showing the 8 largest of 86 other counties in Minnesota.
Frequently Asked Questions
What is the average rent in Lake of the Woods County?
The FY 2026 Fair Market Rent for a 1-bedroom in Lake of the Woods County is $773 per month. A 2-bedroom is $1,014 and a studio is $699.
How does Lake of the Woods County rent compare to the national average?
Rent in Lake of the Woods County is 19% below the national average. A 1-bedroom here costs $773 compared to $959 nationally.
Where does Lake of the Woods County rank nationally for Fair Market Rent?
According to HUD's FY 2026 Fair Market Rent schedule, Lake of the Woods County's 2-bedroom FMR of $1,014 ranks #1,479 most affordable among 3,145 HUD counties, placing it in the middle half of HUD counties.
What income do I need to afford rent in Lake of the Woods County?
Based on the 30% affordability rule, you need an annual income of at least $30,920 ($2,577/month) to afford a 1-bedroom at Fair Market Rent in Lake of the Woods County.
Is rent going up or down in Lake of the Woods County?
The 1-bedroom Fair Market Rent in Lake of the Woods County increased by 8.7% from FY 2025 to FY 2026, going from $711 to $773.
Which jobs can afford rent in Lake of the Woods County?
Based on Minnesota BLS salary data and the 30% affordability rule, jobs like Software Developers, Registered Nurses, General and Operations Managers can afford a 1-bedroom at $773/mo. 15 of 15 common occupations are affordable here.
How much has rent changed in Lake of the Woods County over time?
The 1-bedroom Fair Market Rent in Lake of the Woods County went from $591 in FY 2020 to $773 in FY 2026, a total change of +30.8% over 6 years.
How does Fair Market Rent affect Section 8 vouchers in Lake of the Woods County?
In Lake of the Woods County, the FY 2026 FMR of $773/mo for a 1-bedroom sets the baseline that local housing authorities use for Section 8 payment standards.
What does Fair Market Rent mean for Lake of the Woods County?
For Lake of the Woods County, it's the specific 40th-percentile rent HUD publishes each year ($773/mo for a 1-bedroom in FY 2026).
Is the rental market tight or loose in Lake of the Woods County?
The ACS rental vacancy rate here is 10.6%, a loose rental market that typically gives renters more negotiating leverage than the FMR schedule alone implies.
What is the unemployment rate in Lake of the Woods County?
The county's BLS unemployment rate has averaged 5.5% over the past 12 months, close to the typical US county range.
Data sources
What this means for renters
Treat Lake of the Woods's FY2026 Fair Market Rent as HUD's affordability benchmark, not a single market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $773 implies about $30,920/yr to rent without being cost-burdened. Run your numbers
- Minnesota counties vary widely around this figure - compare specific counties before assuming this applies to yours. Compare vs Hennepin
- See where Lake of the Woods ranks nationally on rent. National rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents can run higher or lower, and HUD updates FMRs once a year. This site is informational and not financial or relocation advice.
Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.