HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Freeborn County, Minnesota (FY 2027)
$1,033 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Freeborn County, and it's the baseline every voucher in Freeborn is measured against.
Two-bedroom FMR
$1,033
+6.1% from FY 2026
Payment standard
$930–$1,136
90% to 110% of the FMR, two-bedroom
Income to afford
$41,320
a year, with rent at 30% of income
Rank in Minnesota
45th of 87
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $719 | $647–$791 | $28,760 | $13.83/hr | +7.0% |
| 1 bedroom | $790 | $711–$869 | $31,600 | $15.19/hr | +6.5% |
| 2 bedroom | $1,033 | $930–$1,136 | $41,320 | $19.87/hr | +6.1% |
| 3 bedroom | $1,355 | $1,220–$1,491 | $54,200 | $26.06/hr | +5.6% |
| 4 bedroom | $1,555 | $1,400–$1,711 | $62,200 | $29.90/hr | +8.6% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,788 | $1,609–$1,967 |
| 6 bedroom Estimate | $2,022 | $1,820–$2,224 |
| 7 bedroom Estimate | $2,255 | $2,030–$2,481 |
| 8 bedroom Estimate | $2,488 | $2,239–$2,737 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Freeborn actually rent for?
Search any address in Freeborn for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Freeborn somewhere between $930 and $1,136. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,033 a month is affordable, by HUD's 30% rule, on an income of roughly $41,320 a year. Put another way, $20 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$930 | Voucher pays at 100%$1,033 | Voucher pays at 110%$1,136 |
|---|---|---|---|---|
| $2,500 | $750 | $180 | $283 | $386 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($974) to FY 2027 ($1,033). Since FY 2020 it's up 40% in total, about 4.9% a year. The Minnesota median moved up 5% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $480 | $560 | $737 | $931 | $1,143 | — |
| FY 2021 | $484 | $557 | $734 | $913 | $1,124 | -0.4% |
| FY 2022 | $528 | $603 | $794 | $985 | $1,190 | +8.2% |
| FY 2023 | $584 | $664 | $874 | $1,087 | $1,278 | +10.1% |
| FY 2024 | $659 | $740 | $972 | $1,239 | $1,402 | +11.2% |
| FY 2025 | $640 | $711 | $933 | $1,200 | $1,354 | -4.0% |
| FY 2026 | $672 | $742 | $974 | $1,283 | $1,432 | +4.4% |
| FY 2027In effect | $719 | $790 | $1,033 | $1,355 | $1,555 | +6.1% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Freeborn, that runs from $719 for a studio up to $1,555 for four bedrooms, all five rates in the table above.
Because Freeborn sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Albert Lea included.
Among Minnesota's 87 counties, Freeborn ranks 45th for two-bedroom FMR. That's within a couple percent of the state median of $1,048 and about 3% below the national median county at $1,063. About 30,623 people live here, 36th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,010 in 56089 (Twin Lakes) and $1,300 in 56009 (Alden), with the 12 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 56007 | Albert Lea | $1,030 | -0.3% |
| 56009 | Alden | $1,300 | +25.8% |
| 56016 | Clarks Grove | $1,070 | +3.6% |
| 56020 | Conger | $1,300 | +25.8% |
| 56029 | Emmons | $1,050 | +1.6% |
| 56032 | Freeborn | $1,280 | +23.9% |
| 56035 | Geneva | $1,030 | -0.3% |
| 56036 | Glenville | $1,090 | +5.5% |
| 56042 | Hartland | $1,030 | -0.3% |
| 56043 | Hayward | $1,040 | +0.7% |
| 56045 | Hollandale | $1,140 | +10.4% |
| 56089 | Twin Lakes | $1,010 | -2.2% |
Nearby counties
Two-bedroom FMR, with how each compares to Freeborn.
Steele County
24 mi · 37,439 people
$1,244
+20%
Waseca County
25 mi · 18,885 people
$1,030
same rate
Faribault County
28 mi · 13,914 people
$1,014
-2%
Mower County
32 mi · 40,343 people
$1,080
+5%
Dodge County
37 mi · 21,045 people
$1,422
+38%
Blue Earth County
41 mi · 69,871 people
$1,230
+19%
Rice County
48 mi · 67,917 people
$1,226
+19%
Le Sueur County
49 mi · 29,113 people
$1,098
+6%
Questions people ask
$1,033 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $719 for a studio, $790 for one bedroom, $1,355 for three and $1,555 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Freeborn actually go for?
HUD's number is one input. Search any address in Freeborn for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.