HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Morrison County, Minnesota (FY 2027)
A two-bedroom in Morrison County carries a FY 2027 Fair Market Rent of $1,014 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Morrison keys off that figure.
Two-bedroom FMR
$1,014
+4.2% from FY 2026
Payment standard
$913–$1,115
90% to 110% of the FMR, two-bedroom
Income to afford
$40,560
a year, with rent at 30% of income
Rank in Minnesota
71st 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 | $706 | $635–$777 | $28,240 | $13.58/hr | +5.2% |
| 1 bedroom | $789 | $710–$868 | $31,560 | $15.17/hr | +4.2% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +4.2% |
| 3 bedroom | $1,404 | $1,264–$1,544 | $56,160 | $27.00/hr | +3.8% |
| 4 bedroom | $1,484 | $1,336–$1,632 | $59,360 | $28.54/hr | +2.1% |
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 | $1,707 | $1,536–$1,878 |
| 6 bedroom Estimate | $1,929 | $1,736–$2,122 |
| 7 bedroom Estimate | $2,152 | $1,937–$2,367 |
| 8 bedroom Estimate | $2,374 | $2,137–$2,611 |
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 Morrison actually rent for?
Search any address in Morrison 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 Morrison somewhere between $913 and $1,115. 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.
$1,014 a month is affordable, by HUD's 30% rule, on an income of roughly $40,560 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%$913 | Voucher pays at 100%$1,014 | Voucher pays at 110%$1,115 |
|---|---|---|---|---|
| $2,500 | $750 | $163 | $264 | $365 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2026 ($973) to FY 2027 ($1,014). Since FY 2020 it's up 42% in total, about 5.1% 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 | $471 | $542 | $714 | $984 | $1,037 | — |
| FY 2021 | $484 | $557 | $734 | $1,022 | $1,084 | +2.8% |
| FY 2022 | $513 | $581 | $765 | $1,079 | $1,151 | +4.2% |
| FY 2023 | $583 | $637 | $839 | $1,169 | $1,272 | +9.7% |
| FY 2024 | $699 | $712 | $929 | $1,309 | $1,438 | +10.7% |
| FY 2025 | $673 | $722 | $947 | $1,327 | $1,424 | +1.9% |
| FY 2026 | $671 | $757 | $973 | $1,353 | $1,454 | +2.7% |
| FY 2027In effect | $706 | $789 | $1,014 | $1,404 | $1,484 | +4.2% |
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 Morrison, that runs from $706 for a studio up to $1,484 for four bedrooms, all five rates in the table above.
Because Morrison 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, Bowlus included.
Among Minnesota's 87 counties, Morrison ranks 71st for two-bedroom FMR. That's about 3% below the state median of $1,048 and about 5% below the national median county at $1,063. About 34,249 people live here, 33rd 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 56345 (Little Falls) and $1,330 in 56338 (Hillman), 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 |
|---|---|---|---|
| 56314 | Bowlus | $1,170 | +15.4% |
| 56317 | Buckman | $1,014County rate | — |
| 56328 | Flensburg | $1,020 | +0.6% |
| 56338 | Hillman | $1,330 | +31.2% |
| 56344 | Lastrup | $1,014County rate | — |
| 56345 | Little Falls | $1,010 | -0.4% |
| 56364 | Pierz | $1,150 | +13.4% |
| 56373 | Royalton | $1,090 | +7.5% |
| 56382 | Swanville | $1,220 | +20.3% |
| 56384 | Upsala | $1,010 | -0.4% |
| 56388 | Waite Park | $1,270 | +25.2% |
| 56443 | Cushing | $1,260 | +24.3% |
| 56466 | Motley | $1,010 | -0.4% |
| 56475 | Randall | $1,010 | -0.4% |
Nearby counties
Two-bedroom FMR, with how each compares to Morrison.
Benton County
25 mi · 41,593 people
$1,233
+22%
Stearns County
28 mi · 160,865 people
$1,233
+22%
Todd County
28 mi · 25,575 people
$1,025
+1%
Mille Lacs County
36 mi · 27,125 people
$1,124
+11%
Crow Wing County
39 mi · 67,686 people
$1,172
+16%
Sherburne County
46 mi · 100,560 people
$1,734
+71%
Kanabec County
47 mi · 16,390 people
$1,014
same rate
Wadena County
52 mi · 14,256 people
$1,059
+4%
Questions people ask
$1,014 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $706 for a studio, $789 for one bedroom, $1,404 for three and $1,484 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 Morrison actually go for?
HUD's number is one input. Search any address in Morrison for a rent estimate built from nearby comps. Free to start, no card.
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