Metro FMR area · MN · HUD FY 2027

Rochester, MN Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Rochester, MN area is $1,422 a month, 6% below the Minnesota average and 19% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 28 ZIP codes range from $1,270 to $1,740.

$1,4222-bedroom FMR+$15 (+1.1%) vs FY 2026
$1,2261-bedroom FMRU.S.: $1,478
$56,880Income for a 2-bedroomat 30% of income
185,543Residents2 counties

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,422/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Rochester, MN FMR	$1,422	$56,880	–
Minnesota average	$1,507	$60,295	–
U.S. average	$1,761	$70,432	–

Rochester, MN Fair Market Rents, FY 2027 vs FY 2026
Unit	Rochester, MN FY 2027	FY 2026	Change	Minnesota avg	U.S. avg	Income needed
Studio	$1,183	$1,112	+$71 (+6.4%)	$1,102	$1,379	$47,320
1 bedroom	$1,226	$1,189	+$37 (+3.1%)	$1,231	$1,478	$49,040
2 bedrooms	$1,422	$1,407	+$15 (+1.1%)	$1,507	$1,761	$56,880
3 bedrooms	$1,969	$1,957	+$12 (+0.6%)	$1,980	$2,266	$78,760
4 bedrooms	$2,377	$2,360	+$17 (+0.7%)	$2,243	$2,607	$95,080

Counties in this FMR area

Counties in the Rochester, MN FMR area
County	Residents in area
Dodge County, MN	21,045
Olmsted County, MN	164,498

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,270.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Rochester, MN
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
55901	$1,220	$1,270	$1,470	$2,040	$2,460	no change	3% above
55902	$1,450	$1,500	$1,740	$2,410	$2,910	+$50 (+3.0%)	22% above
55903	$1,200	$1,240	$1,440	$1,990	$2,410	+$20 (+1.4%)	1% above
55904	$1,170	$1,220	$1,410	$1,950	$2,360	no change	1% below
55905	$1,200	$1,240	$1,440	$1,990	$2,410	+$20 (+1.4%)	1% above
55906	$1,060	$1,090	$1,270	$1,770	$2,130	+$40 (+3.3%)	11% below
55917	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55920	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55923	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55924	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55927	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55929	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55932	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55934	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55940	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55944	$1,110	$1,150	$1,340	$1,860	$2,240	+$130 (+10.7%)	6% below
55946	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55955	$1,120	$1,160	$1,350	$1,870	$2,260	+$140 (+11.6%)	5% below
55956	$1,140	$1,220	$1,350	$1,780	$2,130	+$70 (+5.5%)	5% below
55960	$1,260	$1,300	$1,510	$2,090	$2,520	+$20 (+1.3%)	6% above
55963	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55964	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55972	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55973	$1,010	$1,080	$1,430	$1,830	$2,130	−$150 (−9.5%)	1% above
55976	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55982	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55985	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below
55991	$1,010	$1,080	$1,270	$1,770	$2,130	+$60 (+5.0%)	11% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.