Fair Market Rents: Olmsted County, MN (FY2026)
HUD's FY2026 Fair Market Rents for Olmsted 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) | $1,112/mo | $727 (+53%) |
| 1 Bedroom | $1,189/mo | $833 (+43%) |
| 2 Bedrooms | $1,407/mo | $999 (+41%) |
| 3 Bedrooms | $1,957/mo | $1,353 (+45%) |
| 4+ Bedrooms | $2,360/mo | $1,573 (+50%) |
*Median across all FMR-publishing counties in MN. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Olmsted 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 Olmsted County
We track 51 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Rochester | 49 | 3,253 |