Traverse County
FY 2026 HUD Fair Market Rents in Minnesota. Population: 3,345.
Fair Market Rents (2026)
Studio
National avg: $893
$671/mo
↑ 4.8% YoY
-25% vs US
1 Bedroom
National avg: $959
$742/mo
↑ 3.8% YoY
-23% vs US
2 Bedroom
National avg: $1,175
$973/mo
↑ 4.3% YoY
-17% vs US
3 Bedroom
National avg: $1,525
$1,353/mo
↑ 3.5% YoY
-11% vs US
4 Bedroom
National avg: $1,756
$1,609/mo
↑ 8.0% YoY
-8% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $640 | $671 | +$31 (+4.8%) |
| 1 Bedroom | $715 | $742 | +$27 (+3.8%) |
| 2 Bedroom | $933 | $973 | +$40 (+4.3%) |
| 3 Bedroom | $1,307 | $1,353 | +$46 (+3.5%) |
| 4 Bedroom | $1,490 | $1,609 | +$119 (+8.0%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$29,680
$2,473/month gross
Required annual income for 2 BR
$38,920
$3,243/month gross
Other Counties in Minnesota
Redwood County
1 BR: $742/mo
Lake of the Woods County
1 BR: $773/mo
Todd County
1 BR: $742/mo
Washington County
1 BR: $1,405/mo
Wright County
1 BR: $1,405/mo
Kandiyohi County
1 BR: $787/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.