Fair Market Rents: Steele County, MN (FY2026)
HUD's FY2026 Fair Market Rents for Steele 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) | $787/mo | $727 (+8%) |
| 1 Bedroom | $870/mo | $833 (+4%) |
| 2 Bedrooms | $1,142/mo | $999 (+14%) |
| 3 Bedrooms | $1,549/mo | $1,353 (+14%) |
| 4+ Bedrooms | $1,816/mo | $1,573 (+15%) |
*Median across all FMR-publishing counties in MN. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Steele 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 Steele County
We track 14 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Owatonna | 15 | 575 |