Fair Market Rent · Minnesota
Fair Market Rent in Olmsted 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 Olmsted County is $1,422 a month, +1.1% from FY2026. Olmsted County is part of the Rochester, MN 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 | $1,183 | $1,112 | +6.4% | $1,065–1,301 |
| 1 bedroom | $1,226 | $1,189 | +3.1% | $1,103–1,349 |
| 2 bedrooms | $1,422 | $1,407 | +1.1% | $1,280–1,564 |
| 3 bedrooms | $1,969 | $1,957 | +0.6% | $1,772–2,166 |
| 4 bedrooms | $2,377 | $2,360 | +0.7% | $2,139–2,615 |
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 Olmsted 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 |
|---|---|---|---|---|
| 55901 | Rochester | $1,470 | $1,368 | $1,403 |
| 55902 | Rochester | $1,740 | $1,877 | $1,703 |
| 55903 | Rochester | $1,440 | – | – |
| 55904 | Rochester | $1,410 | $1,321 | $1,304 |
| 55905 | Rochester | $1,440 | – | – |
| 55906 | Rochester | $1,270 | $1,072 | $1,196 |
| 55920 | Byron | $1,270 | $1,216 | $1,138 |
| 55929 | Dover | $1,270 | – | $855 |
| 55932 | Elgin | $1,270 | $726 | $730 |
| 55934 | Eyota | $1,270 | $849 | $826 |
| 55960 | Oronoco | $1,510 | $687 | $1,200 |
| 55976 | Stewartville | $1,270 | $1,269 | $1,086 |
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.