HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Redwood County, Minnesota (FY 2027)
A two-bedroom in Redwood 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 Redwood 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
77th 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 | $775 | $698–$853 | $31,000 | $14.90/hr | +4.4% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +4.2% |
| 3 bedroom | $1,389 | $1,250–$1,528 | $55,560 | $26.71/hr | +5.1% |
| 4 bedroom | $1,509 | $1,358–$1,660 | $60,360 | $29.02/hr | -3.6% |
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 | $1,735 | $1,562–$1,909 |
| 6 bedroom Estimate | $1,962 | $1,766–$2,158 |
| 7 bedroom Estimate | $2,188 | $1,969–$2,407 |
| 8 bedroom Estimate | $2,414 | $2,173–$2,655 |
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 Redwood actually rent for?
Search any address in Redwood 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 Redwood 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 | $623 | $714 | $1,030 | $1,081 | — |
| FY 2021 | $484 | $644 | $734 | $1,050 | $1,166 | +2.8% |
| FY 2022 | $503 | $660 | $757 | $1,075 | $1,165 | +3.1% |
| FY 2023 | $552 | $694 | $826 | $1,174 | $1,336 | +9.1% |
| FY 2024 | $613 | $693 | $905 | $1,273 | $1,516 | +9.6% |
| FY 2025 | $640 | $711 | $933 | $1,304 | $1,567 | +3.1% |
| FY 2026 | $671 | $742 | $973 | $1,321 | $1,566 | +4.3% |
| FY 2027In effect | $706 | $775 | $1,014 | $1,389 | $1,509 | +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 Redwood, that runs from $706 for a studio up to $1,509 for four bedrooms, all five rates in the table above.
Because Redwood 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, Sanborn included.
Among Minnesota's 87 counties, Redwood ranks 77th 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 15,350 people live here, 54th 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 56152 (Lamberton) and $1,270 in 56266 (Morgan), with the 14 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 |
|---|---|---|---|
| 56083 | Sanborn | $1,150 | +13.4% |
| 56152 | Lamberton | $1,010 | -0.4% |
| 56166 | Revere | $1,010 | -0.4% |
| 56180 | Walnut Grove | $1,010 | -0.4% |
| 56214 | Belview | $1,010 | -0.4% |
| 56224 | Clements | $1,010 | -0.4% |
| 56255 | Lucan | $1,010 | -0.4% |
| 56263 | Milroy | $1,010 | -0.4% |
| 56266 | Morgan | $1,270 | +25.2% |
| 56283 | Redwood Falls | $1,110 | +9.5% |
| 56287 | Seaforth | $1,010 | -0.4% |
| 56292 | Vesta | $1,020 | +0.6% |
| 56293 | Wabasso | $1,010 | -0.4% |
| 56294 | Wanda | $1,110 | +9.5% |
Nearby counties
Two-bedroom FMR, with how each compares to Redwood.
Renville County
27 mi · 14,558 people
$1,014
same rate
Cottonwood County
28 mi · 11,458 people
$1,014
same rate
Lyon County
29 mi · 25,503 people
$1,014
same rate
Brown County
32 mi · 25,800 people
$1,071
+6%
Yellow Medicine County
33 mi · 9,451 people
$1,014
same rate
Murray County
36 mi · 8,097 people
$1,014
same rate
Watonwan County
42 mi · 11,205 people
$1,014
same rate
Chippewa County
46 mi · 12,377 people
$1,014
same rate
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, $775 for one bedroom, $1,389 for three and $1,509 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 Redwood actually go for?
HUD's number is one input. Search any address in Redwood for a rent estimate built from nearby comps. Free to start, no card.
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