Rochester Fair Market Rent FY 2022 Rochester, MN HUD Metro FMR Area Rental Data

Fair Market Rent prices in Rochester are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Rochester is $1,094 per month.

The previous year, rent for a two-bedroom home was $1,014 per month. This is a 7.89% increase year-over-year.

This FMR rate applies to Sargeant, MN, Waltham, MN, Claremont, MN, West Concord, MN, Hayfield, MN, Mantorville, MN, Kenyon, MN, Blooming Prairie, MN, Dodge Center, MN, Pine Island, 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 one county or city in Minnesota which is listed in the table below. Estimated population of Rochester, MN HUD Metro FMR Area FMR area is 20,485 people based on latest Census data.

Compared to the rest of Minnesota, the Rochester FMR area is more expensive than 98% of the state.

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.

50^th Percentile Rental Prices: