Steele County
FY 2026 HUD Fair Market Rents in Minnesota. Population: 37,396.
Fair Market Rents (2026)
Studio
National avg: $893
$787/mo
↑ 8.1% YoY
-12% vs US
1 Bedroom
National avg: $959
$870/mo
↑ 11.0% YoY
-9% vs US
2 Bedroom
National avg: $1,175
$1,142/mo
↑ 11.4% YoY
-3% vs US
3 Bedroom
National avg: $1,525
$1,549/mo
↑ 7.9% YoY
+2% vs US
4 Bedroom
National avg: $1,756
$1,816/mo
↑ 5.5% YoY
+3% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $728 | $787 | +$59 (+8.1%) |
| 1 Bedroom | $784 | $870 | +$86 (+11.0%) |
| 2 Bedroom | $1,025 | $1,142 | +$117 (+11.4%) |
| 3 Bedroom | $1,436 | $1,549 | +$113 (+7.9%) |
| 4 Bedroom | $1,721 | $1,816 | +$95 (+5.5%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$34,800
$2,900/month gross
Required annual income for 2 BR
$45,680
$3,807/month gross
Other Counties in Minnesota
Traverse County
1 BR: $742/mo
Winona County
1 BR: $868/mo
Rice County
1 BR: $905/mo
Chisago County
1 BR: $1,405/mo
Jackson County
1 BR: $846/mo
Stearns County
1 BR: $919/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.