Lake of the Woods County
FY 2026 HUD Fair Market Rents in Minnesota. Population: 3,786.
Fair Market Rents (2026)
Studio
National avg: $893
$699/mo
↑ 9.2% YoY
-22% vs US
1 Bedroom
National avg: $959
$773/mo
↑ 8.7% YoY
-19% vs US
2 Bedroom
National avg: $1,175
$1,014/mo
↑ 8.7% YoY
-14% vs US
3 Bedroom
National avg: $1,525
$1,216/mo
↑ 8.2% YoY
-20% vs US
4 Bedroom
National avg: $1,756
$1,474/mo
↑ 9.4% YoY
-16% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $640 | $699 | +$59 (+9.2%) |
| 1 Bedroom | $711 | $773 | +$62 (+8.7%) |
| 2 Bedroom | $933 | $1,014 | +$81 (+8.7%) |
| 3 Bedroom | $1,124 | $1,216 | +$92 (+8.2%) |
| 4 Bedroom | $1,347 | $1,474 | +$127 (+9.4%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$30,920
$2,577/month gross
Required annual income for 2 BR
$40,560
$3,380/month gross
Other Counties in Minnesota
Freeborn County
1 BR: $742/mo
Kittson County
1 BR: $745/mo
Koochiching County
1 BR: $742/mo
Clay County
1 BR: $917/mo
Fillmore County
1 BR: $779/mo
Steele County
1 BR: $870/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.