Fair Market Rent in Rice County, MN

FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.

$931studio

$9371 bedroom

$1,2262 bedrooms

$1,6213 bedrooms

$2,0494 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Rice County is $1,226 a month, +3.3% from FY2026. Rice County is part of the Rice County, MN (a non-metro county 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	$931	$899	+3.6%	$838–1,024
1 bedroom	$937	$905	+3.5%	$843–1,031
2 bedrooms	$1,226	$1,187	+3.3%	$1,103–1,349
3 bedrooms	$1,621	$1,534	+5.7%	$1,459–1,783
4 bedrooms	$2,049	$1,991	+2.9%	$1,844–2,254

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 Rice 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
55019	Dundas	$1,760	–	$1,375
55021	Faribault	$1,240	$1,052	$1,076
55046	Lonsdale	$1,410	$983	$925
55052	Morristown	$1,290	$750	$1,173
55053	Nerstrand	$1,580	$1,292	$1,000
55057	Northfield	$1,540	$1,171	$1,113
55087	Warsaw	$1,280	–	–
55088	Webster	$1,540	–	–

Check a rent All of Minnesota

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.