RentData.org

Note: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area spans 2 states: Minnesota and Wisconsin. Only one of the states will be shown in the map below.

RentData.org Logo Minneapolis-St. Paul-Bloomington Fair Market Rent FY 2020 Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Minneapolis-St. Paul-Bloomington, MN :
$820 $971 $1,214 $1,722 $2,025
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Minneapolis-St. Paul-Bloomington are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Minneapolis-St. Paul-Bloomington is $1,214 per month.

The previous year, rent for a two-bedroom home was $1,151 per month. This is a 5.47% 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 Minnesota and Wisconsin which ares listed in the table below. Estimated population of Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area FMR area is 3,457,820 people based on latest Census data.

Compared to the rest of Minnesota, the Minneapolis-St. Paul-Bloomington FMR area is more expensive than 98% of the state.

Minnesota Rents Map

Click on the map to view more another region.

See Nationwide Map

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 $ 888
1-BR 1-Bedroom $ 1050
2-BR 2-Bedroom $ 1314
3-BR 3-Bedroom $ 1864
4-BR 4-Bedroom $ 2192
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 344,860
Carver County, MN Metro 98,800
Chisago County, MN Metro 54,295
Dakota County, MN Metro 414,655
Hennepin County, MN Metro 1,224,765
Isanti County, MN Metro 38,585
Ramsey County, MN Metro 537,895
Scott County, MN Metro 141,465
Sherburne County, MN Metro 92,025
Washington County, MN Metro 250,980
Wright County, MN Metro 131,130
Pierce County, WI Metro 41,225
St. Croix County, WI Metro 87,140
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

Lookup Fair Market Rent by Zip Code
Top