Rent by ZIP · Freeborn County
Rent in Albert Lea, MN 56007
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,030 (+6.2% vs FY2026). Renters in this ZIP code pay a median $855 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $720 | $670 | +7.5% | $648–792 | – |
| 1 bedroom | $790 | $740 | +6.8% | $711–869 | $676 ±$95 |
| 2 bedrooms | $1,030 | $970 | +6.2% | $927–1,133 | $899 ±$70 |
| 3 bedrooms | $1,350 | $1,280 | +5.5% | $1,215–1,485 | $1,144 ±$134 |
| 4 bedrooms | $1,550 | $1,430 | +8.4% | $1,395–1,705 | $1,047 ±$797 |
Small Area FMRs for the Freeborn County, MN. 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 Freeborn County, MN, 2 bedrooms: $1,033.
What renters pay in 56007
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 |
|---|---|---|---|
| 56009 | Alden | $1,300 | – |
| 56010 | Amboy | $1,060 | $725 |
| 56003 | Mankato | $1,070 | $993 |
| 56011 | Belle Plaine | $1,610 | $1,350 |
| 56001 | Mankato | $1,350 | $1,215 |
| 56013 | Blue Earth | $1,070 | $950 |
Fair Market Rents across Freeborn 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.