Pennington County
FY 2026 HUD Fair Market Rents in Minnesota. Population: 13,995.
Fair Market Rents (2026)
Studio
National avg: $893
$774/mo
↑ 4.5% YoY
-13% vs US
1 Bedroom
National avg: $959
$855/mo
↑ 3.9% YoY
-11% vs US
2 Bedroom
National avg: $1,175
$1,122/mo
↑ 3.9% YoY
-5% vs US
3 Bedroom
National avg: $1,525
$1,496/mo
↑ 9.1% YoY
-2% vs US
4 Bedroom
National avg: $1,756
$1,631/mo
↑ 4.6% YoY
-7% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $741 | $774 | +$33 (+4.5%) |
| 1 Bedroom | $823 | $855 | +$32 (+3.9%) |
| 2 Bedroom | $1,080 | $1,122 | +$42 (+3.9%) |
| 3 Bedroom | $1,371 | $1,496 | +$125 (+9.1%) |
| 4 Bedroom | $1,559 | $1,631 | +$72 (+4.6%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$34,200
$2,850/month gross
Required annual income for 2 BR
$44,880
$3,740/month gross
Other Counties in Minnesota
Rock County
1 BR: $742/mo
Lincoln County
1 BR: $742/mo
Lake of the Woods County
1 BR: $773/mo
Lake County
1 BR: $973/mo
Renville County
1 BR: $781/mo
Dodge County
1 BR: $1,189/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.