Clay County
FY 2026 HUD Fair Market Rents in Minnesota. Population: 65,307.
Fair Market Rents (2026)
Studio
National avg: $893
$768/mo
↑ 10.7% YoY
-14% vs US
1 Bedroom
National avg: $959
$917/mo
↑ 9.7% YoY
-4% vs US
2 Bedroom
National avg: $1,175
$1,112/mo
↑ 9.9% YoY
-5% vs US
3 Bedroom
National avg: $1,525
$1,547/mo
↑ 9.1% YoY
+1% vs US
4 Bedroom
National avg: $1,756
$1,865/mo
↑ 9.8% YoY
+6% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $694 | $768 | +$74 (+10.7%) |
| 1 Bedroom | $836 | $917 | +$81 (+9.7%) |
| 2 Bedroom | $1,012 | $1,112 | +$100 (+9.9%) |
| 3 Bedroom | $1,418 | $1,547 | +$129 (+9.1%) |
| 4 Bedroom | $1,699 | $1,865 | +$166 (+9.8%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$36,680
$3,057/month gross
Required annual income for 2 BR
$44,480
$3,707/month gross
Other Counties in Minnesota
Pennington County
1 BR: $855/mo
Carlton County
1 BR: $978/mo
Jackson County
1 BR: $846/mo
Steele County
1 BR: $870/mo
Lyon County
1 BR: $834/mo
Winona County
1 BR: $868/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.