Rent by ZIP · Rice County
Rent in Faribault, MN 55021
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,240 (+2.5% vs FY2026). Renters in this ZIP code pay a median $1,076 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $940 | $920 | +2.2% | $846–1,034 | $943 ±$50 |
| 1 bedroom | $950 | $920 | +3.3% | $855–1,045 | $772 ±$192 |
| 2 bedrooms | $1,240 | $1,210 | +2.5% | $1,116–1,364 | $1,052 ±$69 |
| 3 bedrooms | $1,640 | $1,560 | +5.1% | $1,476–1,804 | $1,379 ±$46 |
| 4 bedrooms | $2,070 | $2,030 | +2% | $1,863–2,277 | $1,607 ±$597 |
Small Area FMRs for the Rice County, MN. 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 Rice County, MN, 2 bedrooms: $1,226.
What renters pay in 55021
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 55020 | Elko New Market | $2,150 | – |
| 55019 | Dundas | $1,760 | – |
| 55018 | Dennison | $1,650 | $1,583 |
| 55024 | Farmington | $1,740 | $1,528 |
| 55017 | Dalbo | $2,230 | – |
| 55025 | Forest Lake | $1,720 | $1,445 |
Fair Market Rents across Rice 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.