Logo Minneapolis-St. Paul-Bloomington Fair Market Rent FY 2023 Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Minneapolis-St. Paul-Bloomington, MN :
$1,007 $1,149 $1,410 $1,916 $2,209
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 $1,410 per month.

The previous year, rent for a two-bedroom home was $1,329 per month. This is a 6.09% increase year-over-year.

This FMR rate applies to Bethel, MN, Saint Francis, MN, Stacy, MN, Cedar, MN, Wyoming, MN, Isanti, MN, Zimmerman, MN, Hugo, MN, Forest Lake, MN, Circle Pines, 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 one county or city in Minnesota which is listed in the table below. Estimated population of Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area FMR area is 353,775 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 $ 1086
1-BR 1-Bedroom $ 1239
2-BR 2-Bedroom $ 1520
3-BR 3-Bedroom $ 2066
4-BR 4-Bedroom $ 2382
Change Year:

There is just one county (listed below) within the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Minneapolis - St. Paul.

County / Region Est. Population
, MN Metro 353,775
Zip Codes in Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area

There are 22 unique zip codes in this Fair Market Rent (FMR) area:

55005, 55011, 55014, 55025, 55038, 55040, 55070, 55079, 55092, 55110, 55112, 55126, 55303, 55304, 55330, 55398, 55421, 55432, 55433, 55434, 55448 and 55449

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