Rent by ZIP · Olmsted County
Rent in Elgin, MN 55932
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,270 (+5% vs FY2026). Renters in this ZIP code pay a median $730 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,010 | $900 | +12.2% | $909–1,111 | – |
| 1 bedroom | $1,080 | $1,000 | +8% | $972–1,188 | $708 ±$101 |
| 2 bedrooms | $1,270 | $1,210 | +5% | $1,143–1,397 | $726 ±$6 |
| 3 bedrooms | $1,770 | $1,700 | +4.1% | $1,593–1,947 | – |
| 4 bedrooms | $2,130 | $2,030 | +4.9% | $1,917–2,343 | $1,722 ±$453 |
Small Area FMRs for the Rochester, MN 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 Rochester, MN HUD Metro FMR Area, 2 bedrooms: $1,422.
What renters pay in 55932
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 |
|---|---|---|---|
| 55931 | Eitzen | $1,050 | $825 |
| 55933 | Elkton | $1,010 | – |
| 55934 | Eyota | $1,270 | $849 |
| 55929 | Dover | $1,270 | – |
| 55935 | Fountain | $1,010 | $768 |
| 55936 | Grand Meadow | $1,040 | $978 |
Fair Market Rents across Olmsted 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.