Lake County
FY 2026 HUD Fair Market Rents in Minnesota. Population: 10,915.
Fair Market Rents (2026)
Studio
National avg: $893
$880/mo
↑ 3.8% YoY
-1% vs US
1 Bedroom
National avg: $959
$973/mo
↑ 3.3% YoY
+1% vs US
2 Bedroom
National avg: $1,175
$1,277/mo
↑ 3.3% YoY
+9% vs US
3 Bedroom
National avg: $1,525
$1,531/mo
↑ 2.8% YoY
+0% vs US
4 Bedroom
National avg: $1,756
$1,869/mo
↓ 10.0% YoY
+6% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $848 | $880 | +$32 (+3.8%) |
| 1 Bedroom | $942 | $973 | +$31 (+3.3%) |
| 2 Bedroom | $1,236 | $1,277 | +$41 (+3.3%) |
| 3 Bedroom | $1,489 | $1,531 | +$42 (+2.8%) |
| 4 Bedroom | $2,076 | $1,869 | $-207 (-10.0%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$38,920
$3,243/month gross
Required annual income for 2 BR
$51,080
$4,257/month gross
Other Counties in Minnesota
Jackson County
1 BR: $846/mo
Renville County
1 BR: $781/mo
Nobles County
1 BR: $799/mo
Sherburne County
1 BR: $1,405/mo
Faribault County
1 BR: $790/mo
Benton County
1 BR: $919/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.