Fair Market Rents: Lake County, MN (FY2026)
HUD's FY2026 Fair Market Rents for Lake County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | MN median* |
|---|---|---|
| Studio (0-BR) | $880/mo | $727 (+21%) |
| 1 Bedroom | $973/mo | $833 (+17%) |
| 2 Bedrooms | $1,277/mo | $999 (+28%) |
| 3 Bedrooms | $1,531/mo | $1,353 (+13%) |
| 4+ Bedrooms | $1,869/mo | $1,573 (+19%) |
*Median across all FMR-publishing counties in MN. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Lake County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in Lake County
We track 3 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Two Harbors | 3 | 139 |