HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Itasca County, Minnesota (FY 2026)
A two-bedroom in Itasca County carries a FY 2026 Fair Market Rent of $1,074 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Itasca keys off that figure.
2 bedroom FMR
$1,074
FY 2026, utilities included
Payment standard range
$967 to $1,181
90% to 110% of FMR
Income to afford 2BR
$42,960
per year, at 30% of income
Rank in Minnesota
33rd of 87
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Itasca moves to $1,164. That's up 8%. The full FY 2027 table is in the history section below.
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.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $754 | $679 to $829 | $30,160 | $14.50/hr | +0.9% |
| 1 bedroom | $860 | $774 to $946 | $34,400 | $16.54/hr | +8.3% |
| 2 bedroom | $1,074 | $967 to $1,181 | $42,960 | $20.65/hr | +6.7% |
| 3 bedroom | $1,401 | $1,261 to $1,541 | $56,040 | $26.94/hr | +10.5% |
| 4 bedroom | $1,516 | $1,364 to $1,668 | $60,640 | $29.15/hr | +8.9% |
5 to 8 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 | $1,743 | $1,569 to $1,917 |
| 6 bedroom Estimate | $1,971 | $1,774 to $2,168 |
| 7 bedroom Estimate | $2,198 | $1,978 to $2,418 |
| 8 bedroom Estimate | $2,426 | $2,183 to $2,669 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Itasca, that runs from $754 for a studio up to $1,516 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 33rd for two-bedroom FMR. That's about 8% above the state median of $999 and about 6% above the national median county at $1,018. About 45,054 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 $970 in 55716 (Calumet) and $1,290 in 56628 (Bigfork), 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 | $1,110 | +3.4% |
| 55716 | Calumet | $970 | -9.7% |
| 55721 | Cohasset | $970 | -9.7% |
| 55722 | Coleraine | $970 | -9.7% |
| 55730 | Grand Rapids | $1,074County rate | — |
| 55742 | Goodland | $1,010 | -6.0% |
| 55744 | Grand Rapids | $1,130 | +5.2% |
| 55745 | Grand Rapids | $1,070 | -0.4% |
| 55753 | Keewatin | $1,000 | -6.9% |
| 55764 | Marble | $1,260 | +17.3% |
| 55769 | Nashwauk | $1,030 | -4.1% |
| 55775 | Pengilly | $970 | -9.7% |
| 55784 | Swan River | $1,080 | +0.6% |
| 55786 | Taconite | $970 | -9.7% |
| 55793 | Warba | $1,190 | +10.8% |
| 56628 | Bigfork | $1,290 | +20.1% |
| 56631 | Bowstring | $1,070 | -0.4% |
| 56636 | Deer River | $970 | -9.7% |
| 56637 | Talmoon | $1,150 | +7.1% |
| 56639 | Effie | $1,150 | +7.1% |
| 56657 | Marcell | $1,160 | +8.0% |
| 56659 | Max | $970 | -9.7% |
| 56680 | Spring Lake | $970 | -9.7% |
| 56681 | Squaw Lake | $970 | -9.7% |
| 56688 | Wirt | $1,070 | -0.4% |
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 $967 and $1,181. 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.
$1,074 a month is affordable, by HUD's 30% rule, on an income of roughly $42,960 a year. Put another way, $21 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($967) | HAP at 100% ($1,074) | HAP at 110% ($1,181) |
|---|---|---|---|---|
| $2,500 | $750 | $217 | $324 | $431 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 7% from FY 2025 ($1,007) to FY 2026 ($1,074). Since FY 2020 it's up 35% in total, about 5.1% a year. The Minnesota median moved up 7% over the same year.
| 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 2027 | $811 | $924 | $1,164 | $1,509 | $1,635 | +8.4% |
Nearby counties
Cass County
$97348 mi · pop 30,288
Aitkin County
$97350 mi · pop 15,859
St. Louis County
$1,23253 mi · pop 200,122
Beltrami County
$1,13562 mi · pop 46,274
Koochiching County
$97364 mi · pop 12,072
Hubbard County
$1,00865 mi · pop 21,479
Crow Wing County
$1,12068 mi · pop 66,558
Carlton County
$1,23270 mi · pop 36,362
Questions people ask
$1,074 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $754 for a studio, $860 for one bedroom, $1,401 for three and $1,516 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what 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. 3 free searches, no card.
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