HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Itasca County, Minnesota (FY 2027)
A two-bedroom in Itasca County carries a FY 2027 Fair Market Rent of $1,164 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Itasca keys off that figure.
Two-bedroom FMR
$1,164
+8.4% from FY 2026
Payment standard
$1,048–$1,280
90% to 110% of the FMR, two-bedroom
Income to afford
$46,560
a year, with rent at 30% of income
Rank in Minnesota
27th 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 | $811 | $730–$892 | $32,440 | $15.60/hr | +7.6% |
| 1 bedroom | $924 | $832–$1,016 | $36,960 | $17.77/hr | +7.4% |
| 2 bedroom | $1,164 | $1,048–$1,280 | $46,560 | $22.38/hr | +8.4% |
| 3 bedroom | $1,509 | $1,358–$1,660 | $60,360 | $29.02/hr | +7.7% |
| 4 bedroom | $1,635 | $1,472–$1,799 | $65,400 | $31.44/hr | +7.8% |
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 | $1,880 | $1,692–$2,068 |
| 6 bedroom Estimate | $2,126 | $1,913–$2,339 |
| 7 bedroom Estimate | $2,371 | $2,134–$2,608 |
| 8 bedroom Estimate | $2,616 | $2,354–$2,878 |
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 Itasca actually rent for?
Search any address in Itasca for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 Itasca somewhere between $1,048 and $1,280. 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.
$1,164 a month is affordable, by HUD's 30% rule, on an income of roughly $46,560 a year. Put another way, $22 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%$1,048 | Voucher pays at 100%$1,164 | Voucher pays at 110%$1,280 |
|---|---|---|---|---|
| $2,500 | $750 | $298 | $414 | $530 |
| $4,000 | $1,200 | $0 | $0 | $80 |
Rate history
The two-bedroom rate went up 8% from FY 2026 ($1,074) to FY 2027 ($1,164). Since FY 2020 it's up 46% in total, about 5.6% 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 | $601 | $605 | $797 | $993 | $1,080 | — |
| FY 2021 | $600 | $604 | $796 | $990 | $1,079 | -0.1% |
| FY 2022 | $668 | $673 | $885 | $1,094 | $1,200 | +11.2% |
| FY 2023 | $723 | $728 | $958 | $1,166 | $1,287 | +8.2% |
| FY 2024 | $811 | $817 | $1,059 | $1,280 | $1,431 | +10.5% |
| FY 2025 | $747 | $794 | $1,007 | $1,268 | $1,392 | -4.9% |
| FY 2026 | $754 | $860 | $1,074 | $1,401 | $1,516 | +6.7% |
| FY 2027In effect | $811 | $924 | $1,164 | $1,509 | $1,635 | +8.4% |
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 Itasca, that runs from $811 for a studio up to $1,635 for four bedrooms, all five rates in the table above.
Because Itasca 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, Grand Rapids included.
Among Minnesota's 87 counties, Itasca ranks 27th for two-bedroom FMR. That's about 11% above the state median of $1,048 and about 10% above the national median county at $1,063. About 45,275 people live here, 22nd 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 55716 (Calumet) and $1,540 in 55793 (Warba), with the 24 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 |
|---|---|---|---|
| 55709 | Bovey | $1,150 | -1.2% |
| 55716 | Calumet | $1,010 | -13.2% |
| 55721 | Cohasset | $1,010 | -13.2% |
| 55722 | Coleraine | $1,040 | -10.7% |
| 55730 | Grand Rapids | $1,164County rate | — |
| 55742 | Goodland | $1,120 | -3.8% |
| 55744 | Grand Rapids | $1,240 | +6.5% |
| 55745 | Grand Rapids | $1,160 | -0.3% |
| 55753 | Keewatin | $1,060 | -8.9% |
| 55764 | Marble | $1,140 | -2.1% |
| 55769 | Nashwauk | $1,110 | -4.6% |
| 55775 | Pengilly | $1,010 | -13.2% |
| 55784 | Swan River | $1,290 | +10.8% |
| 55786 | Taconite | $1,150 | -1.2% |
| 55793 | Warba | $1,540 | +32.3% |
| 56628 | Bigfork | $1,330 | +14.3% |
| 56631 | Bowstring | $1,160 | -0.3% |
| 56636 | Deer River | $1,010 | -13.2% |
| 56637 | Talmoon | $1,190 | +2.2% |
| 56639 | Effie | $1,140 | -2.1% |
| 56657 | Marcell | $1,200 | +3.1% |
| 56659 | Max | $1,020 | -12.4% |
| 56680 | Spring Lake | $1,020 | -12.4% |
| 56681 | Squaw Lake | $1,010 | -13.2% |
| 56688 | Wirt | $1,180 | +1.4% |
Nearby counties
Two-bedroom FMR, with how each compares to Itasca.
Cass County
48 mi · 30,992 people
$1,014
-13%
Aitkin County
50 mi · 16,056 people
$1,048
-10%
St. Louis County
53 mi · 200,123 people
$1,207
+4%
Beltrami County
62 mi · 46,512 people
$1,230
+6%
Koochiching County
64 mi · 11,833 people
$1,014
-13%
Hubbard County
65 mi · 21,831 people
$1,020
-12%
Crow Wing County
68 mi · 67,686 people
$1,172
+1%
Carlton County
70 mi · 36,518 people
$1,207
+4%
Questions people ask
$1,164 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $811 for a studio, $924 for one bedroom, $1,509 for three and $1,635 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 Itasca actually go for?
HUD's number is one input. Search any address in Itasca for a rent estimate built from nearby comps. Free to start, no card.
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