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RentData.org Logo Minneapolis-St. Paul-Bloomington Fair Market Rent FY 2017 Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Minneapolis-St. Paul-Bloomington, MN :
$699 $862 $1,086 $1,538 $1,799
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Minneapolis-St. Paul-Bloomington are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Minneapolis-St. Paul-Bloomington is $1,086 per month.

The previous year, rent for a two-bedroom home was $1,027 per month. This is a 5.74% increase year-over-year.

This FMR rate applies to Mendota, MN, Santiago, MN, Grandy, MN, Crystal Bay, MN, Vermillion, MN, Castle Rock, MN, Minnetonka Beach, MN, Willernie, MN, Dalbo, MN, New Germany, MN and other cities within the region. The Metro Code or CBSA code for this region is METRO33460M33460.

Additionally, This Fair Market Rent (FMR) area Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area spans thirteen counties or cities in which ares listed in the table below. Estimated population of Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area FMR area is 3,279,833 people based on latest Census data.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Minneapolis-St. Paul-Bloomington. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Minneapolis-St. Paul-Bloomington

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 743
1-BR 1-Bedroom $ 916
2-BR 2-Bedroom $ 1155
3-BR 3-Bedroom $ 1636
4-BR 4-Bedroom $ 1913
Change Year:

The counties, cities, towns, and regions listed below fall into the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Minneapolis - St. Paul.

County / Region Est. Population
Anoka County, MN Metro 330,844
Carver County, MN Metro 91,042
Chisago County, MN Metro 53,887
Dakota County, MN Metro 398,552
Hennepin County, MN Metro 1,152,425
Isanti County, MN Metro 37,816
Ramsey County, MN Metro 508,640
Scott County, MN Metro 129,928
Sherburne County, MN Metro 88,499
Washington County, MN Metro 238,136
Wright County, MN Metro 124,700
Pierce County, WI Metro 41,019
St. Croix County, WI Metro 84,345
Zip Codes in Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area

There are 222 unique zip codes in this Fair Market Rent (FMR) area:

54002, 54003, 54011, 54014, 54015, 54016, 54021, 54022, 54023, 54025, 54028, 54082, 54723, 54750, 55001, 55003, 55005, 55006, 55008, 55009, 55010, 55011, 55012, 55013, 55014, 55016, 55017, 55024, 55025, 55029, 55031, 55032, 55033, 55038, 55040, 55042, 55043, 55044, 55045, 55047, 55054, 55055, 55056, 55057, 55065, 55068, 55069, 55070, 55071, 55073, 55074, 55075, 55076, 55077, 55079, 55080, 55082, 55083, 55084, 55085, 55089, 55090, 55092, 55101, 55102, 55103, 55104, 55105, 55106, 55107, 55108, 55109, 55110, 55111, 55112, 55113, 55114, 55115, 55116, 55117, 55118, 55119, 55120, 55121, 55122, 55123, 55124, 55125, 55126, 55127, 55128, 55129, 55130, 55144, 55146, 55150, 55155, 55301, 55302, 55303, 55304, 55305, 55306, 55308, 55309, 55311, 55313, 55315, 55316, 55317, 55318, 55319, 55321, 55322, 55323, 55327, 55328, 55330, 55331, 55337, 55338, 55339, 55340, 55341, 55343, 55344, 55345, 55346, 55347, 55349, 55352, 55356, 55357, 55358, 55359, 55360, 55361, 55362, 55363, 55364, 55367, 55368, 55369 show more

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