Fair Market Rent · Minnesota
Fair Market Rent in Hennepin County, MN
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Hennepin County is $1,734 a month, +1.5% from FY2026. Hennepin County is part of the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,265 | $1,242 | +1.9% | $1,138–1,392 |
| 1 bedroom | $1,427 | $1,405 | +1.6% | $1,284–1,570 |
| 2 bedrooms | $1,734 | $1,709 | +1.5% | $1,561–1,907 |
| 3 bedrooms | $2,264 | $2,262 | +0.1% | $2,038–2,490 |
| 4 bedrooms | $2,538 | $2,531 | +0.3% | $2,284–2,792 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Hennepin County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 55111 | Saint Paul | $1,540 | – | $968 |
| 55305 | Hopkins | $2,130 | $1,927 | $1,799 |
| 55311 | Maple Grove | $2,240 | $1,830 | $1,911 |
| 55316 | Champlin | $1,950 | $1,754 | $1,689 |
| 55327 | Dayton | $1,560 | – | $1,313 |
| 55331 | Excelsior | $1,540 | $1,355 | $1,217 |
| 55340 | Hamel | $1,880 | $1,369 | $1,452 |
| 55343 | Hopkins | $1,890 | $1,701 | $1,568 |
| 55344 | Eden Prairie | $2,130 | $1,836 | $1,802 |
| 55345 | Minnetonka | $1,910 | $1,858 | $1,446 |
| 55346 | Eden Prairie | $2,270 | $1,748 | $1,875 |
| 55347 | Eden Prairie | $2,390 | $1,854 | $2,001 |
| 55356 | Long Lake | $2,220 | $1,840 | $1,860 |
| 55357 | Loretto | $1,540 | $1,313 | $628 |
| 55359 | Maple Plain | $1,540 | $1,196 | $1,200 |
| 55364 | Mound | $1,580 | $1,408 | $1,105 |
| 55369 | Osseo | $2,160 | $1,900 | $1,797 |
| 55373 | Rockford | $1,540 | $1,140 | $1,054 |
| 55374 | Rogers | $1,960 | $1,836 | $1,774 |
| 55375 | Saint Bonifacius | $1,540 | $1,172 | $1,226 |
| 55384 | Spring Park | $1,540 | $1,510 | $1,241 |
| 55391 | Wayzata | $1,960 | $1,823 | $1,718 |
| 55401 | Minneapolis | $2,600 | $2,806 | $2,023 |
| 55402 | Minneapolis | $2,040 | – | $1,638 |
| 55403 | Minneapolis | $1,760 | $1,867 | $1,241 |
| 55404 | Minneapolis | $1,630 | $1,378 | $1,082 |
| 55405 | Minneapolis | $1,540 | $1,541 | $1,231 |
| 55406 | Minneapolis | $1,710 | $1,486 | $1,281 |
| 55407 | Minneapolis | $1,560 | $1,391 | $1,291 |
| 55408 | Minneapolis | $1,980 | $1,735 | $1,364 |
| 55409 | Minneapolis | $1,650 | $1,632 | $1,334 |
| 55410 | Minneapolis | $2,040 | $1,904 | $1,805 |
| 55411 | Minneapolis | $1,690 | $1,523 | $1,226 |
| 55412 | Minneapolis | $1,770 | $1,288 | $1,401 |
| 55413 | Minneapolis | $1,950 | $1,809 | $1,605 |
| 55414 | Minneapolis | $1,700 | $1,524 | $1,425 |
| 55415 | Minneapolis | $2,400 | $3,031 | $1,870 |
| 55416 | Minneapolis | $2,280 | $2,049 | $1,755 |
| 55417 | Minneapolis | $1,720 | $1,643 | $1,420 |
| 55418 | Minneapolis | $1,850 | $1,657 | $1,425 |
| 55419 | Minneapolis | $1,880 | $1,839 | $1,609 |
| 55420 | Minneapolis | $1,590 | $1,303 | $1,283 |
| 55422 | Minneapolis | $1,890 | $1,588 | $1,655 |
| 55423 | Minneapolis | $1,740 | $1,448 | $1,393 |
| 55424 | Minneapolis | $2,290 | $1,528 | $2,048 |
| 55425 | Minneapolis | $1,840 | $1,634 | $1,615 |
| 55426 | Minneapolis | $1,830 | $1,706 | $1,539 |
| 55427 | Minneapolis | $1,780 | $1,570 | $1,472 |
| 55428 | Minneapolis | $1,580 | $1,343 | $1,336 |
| 55429 | Minneapolis | $1,540 | $1,373 | $1,277 |
| 55430 | Minneapolis | $1,660 | $1,415 | $1,382 |
| 55431 | Minneapolis | $2,090 | $1,842 | $1,699 |
| 55435 | Minneapolis | $2,130 | $2,021 | $1,816 |
| 55436 | Minneapolis | $2,180 | $1,921 | $1,946 |
| 55437 | Minneapolis | $1,940 | $1,763 | $1,625 |
| 55438 | Minneapolis | $1,870 | $1,707 | $1,660 |
| 55439 | Minneapolis | $1,990 | $1,644 | $1,656 |
| 55441 | Minneapolis | $1,890 | $1,745 | $1,637 |
| 55442 | Minneapolis | $2,200 | $2,108 | $1,939 |
| 55443 | Minneapolis | $1,570 | $1,520 | $1,338 |
| 55444 | Minneapolis | $1,740 | – | $1,498 |
| 55445 | Minneapolis | $2,500 | $2,338 | $1,842 |
| 55446 | Minneapolis | $2,290 | $2,187 | $1,983 |
| 55447 | Minneapolis | $2,040 | $1,760 | $1,711 |
| 55450 | Minneapolis | $1,600 | – | – |
| 55454 | Minneapolis | $1,540 | $1,215 | $943 |
| 55455 | Minneapolis | $1,560 | – | – |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.