HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Nobles County, Minnesota (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Nobles County is $1,049 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$1,049
FY 2026, utilities included
Payment standard range
$944 to $1,154
90% to 110% of FMR
Income to afford 2BR
$41,960
per year, at 30% of income
Rank in Minnesota
37th of 87
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Nobles moves to $1,076. That's up 3%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Nobles actually rent for?
Search any address in Nobles 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 | $723 | $651 to $795 | $28,920 | $13.90/hr | +2.4% |
| 1 bedroom | $799 | $719 to $879 | $31,960 | $15.37/hr | +1.8% |
| 2 bedroom | $1,049 | $944 to $1,154 | $41,960 | $20.17/hr | +1.8% |
| 3 bedroom | $1,294 | $1,165 to $1,423 | $51,760 | $24.88/hr | +4.3% |
| 4 bedroom | $1,389 | $1,250 to $1,528 | $55,560 | $26.71/hr | +1.7% |
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 | $1,597 | $1,437 to $1,757 |
| 6 bedroom Estimate | $1,806 | $1,625 to $1,987 |
| 7 bedroom Estimate | $2,014 | $1,813 to $2,215 |
| 8 bedroom Estimate | $2,222 | $2,000 to $2,444 |
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 Nobles, that runs from $723 for a studio up to $1,389 for four bedrooms, all five rates in the table above.
Because Nobles 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, Adrian included.
Among Minnesota's 87 counties, Nobles ranks 37th for two-bedroom FMR. That's about 5% above the state median of $999 and about 3% above the national median county at $1,018. About 22,194 people live here, 44th 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 56110 (Adrian) and $1,400 in 56117 (Bigelow), with the 11 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.
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 Nobles somewhere between $944 and $1,154. 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.
$1,049 a month is affordable, by HUD's 30% rule, on an income of roughly $41,960 a year. Put another way, $20 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% ($944) | HAP at 100% ($1,049) | HAP at 110% ($1,154) |
|---|---|---|---|---|
| $2,500 | $750 | $194 | $299 | $404 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2025 ($1,030) to FY 2026 ($1,049). Since FY 2020 it's up 38% in total, about 5.6% 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 | $572 | $576 | $758 | $1,009 | $1,027 | — |
| FY 2021 | $553 | $557 | $734 | $990 | $995 | -3.2% |
| FY 2022 | $618 | $622 | $818 | $1,073 | $1,109 | +11.4% |
| FY 2023 | $618 | $702 | $924 | $1,183 | $1,241 | +13.0% |
| FY 2024 | $722 | $811 | $1,065 | $1,300 | $1,418 | +15.3% |
| FY 2025 | $706 | $785 | $1,030 | $1,241 | $1,366 | -3.3% |
| FY 2026 | $723 | $799 | $1,049 | $1,294 | $1,389 | +1.8% |
| FY 2027 | $749 | $823 | $1,076 | $1,426 | $1,508 | +2.6% |
Nearby counties
Questions people ask
$1,049 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $723 for a studio, $799 for one bedroom, $1,294 for three and $1,389 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 Nobles actually go for?
HUD's number is one input. Search any address in Nobles for a rent estimate built from nearby comps. 3 free searches, no card.
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