McLeod County
FY 2026 HUD Fair Market Rents in Minnesota. Population: 36,727.
Fair Market Rents (2026)
Studio
National avg: $893
$823/mo
↑ 10.0% YoY
-8% vs US
1 Bedroom
National avg: $959
$865/mo
↑ 13.5% YoY
-10% vs US
2 Bedroom
National avg: $1,175
$999/mo
↑ 7.1% YoY
-15% vs US
3 Bedroom
National avg: $1,525
$1,198/mo
↑ 0.0% YoY
-21% vs US
4 Bedroom
National avg: $1,756
$1,662/mo
↑ 6.1% YoY
-5% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $748 | $823 | +$75 (+10.0%) |
| 1 Bedroom | $762 | $865 | +$103 (+13.5%) |
| 2 Bedroom | $933 | $999 | +$66 (+7.1%) |
| 3 Bedroom | $1,198 | $1,198 | $0 (0.0%) |
| 4 Bedroom | $1,567 | $1,662 | +$95 (+6.1%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$34,600
$2,883/month gross
Required annual income for 2 BR
$39,960
$3,330/month gross
Other Counties in Minnesota
Steele County
1 BR: $870/mo
Chisago County
1 BR: $1,405/mo
Lincoln County
1 BR: $742/mo
Benton County
1 BR: $919/mo
Clay County
1 BR: $917/mo
Murray County
1 BR: $852/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.