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Fair Market Rent · Minnesota

Fair Market Rent in Steele County, MN

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

$866studio
$9511 bedroom
$1,2442 bedrooms
$1,7033 bedrooms
$1,8144 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Steele County is $1,244 a month, +8.9% from FY2026. Steele County is part of the Steele 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

SizeFY2027FY2026ChangeTypical voucher range (90–110%)
Studio$866$787+10%$779–953
1 bedroom$951$870+9.3%$856–1,046
2 bedrooms$1,244$1,142+8.9%$1,120–1,368
3 bedrooms$1,703$1,549+9.9%$1,533–1,873
4 bedrooms$1,814$1,816-0.1%$1,633–1,995

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 Steele County

Open a ZIP code for every size, the spread of rents and nearby ZIP codes.

ZIPPlace2-bedroom FMR (ZIP)Census median, 2 bedroomsCensus median, all sizes
55049Medford$1,410$1,250$1,302
55060Owatonna$1,250$1,128$1,069
55917Blooming Prairie$1,270$940$907
56026Ellendale$1,040$1,075$818
56046Hope$1,230––

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.