Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Rochester Fair Market Rent FY 2019 Rochester, MN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Rochester, MN :
$650 $734 $959 $1,316 $1,618
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 50th Percentile Metro Area

Fair Market Rent prices in Rochester 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 Rochester is $959 per month.

The previous year, rent for a two-bedroom home was $860 per month. This is a 11.51% 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 which ares listed in the table below. Estimated population of Rochester, MN HUD Metro FMR Area FMR area is 164,335 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 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 $ 694
1-BR 1-Bedroom $ 783
2-BR 2-Bedroom $ 1024
3-BR 3-Bedroom $ 1405
4-BR 4-Bedroom $ 1728
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 20,087
Olmsted County, MN Metro 144,248
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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