Rent by ZIP · Scott County
Rent in Elko New Market, MN 55020
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,150 (+0.5% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,570 | $1,550 | +1.3% | $1,413–1,727 | – |
| 1 bedroom | $1,770 | $1,760 | +0.6% | $1,593–1,947 | – |
| 2 bedrooms | $2,150 | $2,140 | +0.5% | $1,935–2,365 | – |
| 3 bedrooms | $2,800 | $2,830 | -1.1% | $2,520–3,080 | – |
| 4 bedrooms | $3,150 | $3,170 | -0.6% | $2,835–3,465 | – |
Small Area FMRs for the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, 2 bedrooms: $1,734.
What renters pay in 55020
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 55019 | Dundas | $1,760 | – |
| 55021 | Faribault | $1,240 | $1,052 |
| 55018 | Dennison | $1,650 | $1,583 |
| 55017 | Dalbo | $2,230 | – |
| 55016 | Cottage Grove | $2,080 | $1,851 |
| 55024 | Farmington | $1,740 | $1,528 |
Fair Market Rents across Scott County, MN · All MN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.