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Fair Market Rent Prices in Rochester, MN :
$610 $651 $855 $1,109 $1,158
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Rochester are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Rochester is $855 per month.

The previous year, rent for a two-bedroom home was $844 per month. This is a 1.3% increase year-over-year.

This FMR rate applies to Waltham, MN, Sargeant, MN, Dover, MN, Claremont, MN, Zumbro Falls, MN, West Concord, MN, Elgin, MN, Hayfield, MN, Mantorville, MN, Oronoco, MN and other cities within the region. The Metro Code or CBSA code for this region is METRO40340M40340.

Additionally, This Fair Market Rent (FMR) area Rochester, MN HUD Metro FMR Area spans two counties or cities in Minnesota which ares listed in the table below. Estimated population of Rochester, MN HUD Metro FMR Area FMR area is 142,008 people based on latest Census data.

Compared to the rest of Minnesota, the Rochester FMR area is more expensive than 97% of the state.

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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 Rochester. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Rochester

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 $ 624
1-BR 1-Bedroom $ 682
2-BR 2-Bedroom $ 889
3-BR 3-Bedroom $ 1179
4-BR 4-Bedroom $ 1287
Change Year:

The counties, cities, towns, and regions listed below fall into the Rochester, MN HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers three metro areas: Rochestr - Mason City - Austin, Minneapolis - St. Paul and La Crosse - Eau Claire.

County / Region Est. Population
Dodge County, MN Metro 17,731
Olmsted County, MN Metro 124,277
Zip Codes in Rochester, MN HUD Metro FMR Area

There are 25 unique zip codes in this Fair Market Rent (FMR) area:

55901, 55902, 55903, 55904, 55905, 55906, 55917, 55920, 55924, 55927, 55929, 55932, 55934, 55940, 55944, 55946, 55955, 55960, 55963, 55964, 55972, 55973, 55982, 55985 and 55991

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