Minnesota · FIPS 27033 · HUD FY 2027
Cottonwood County, Minnesota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Cottonwood County is $1,014 a month (rent plus utilities), 33% below the Minnesota average of $1,507 and 42% below the U.S. average of $1,761. That is up $41 (4.2%) from FY 2026. At 30% of income, a household needs about $40,560 a year to afford it.
- $1,0142-bedroom FMR+$41 (+4.2%) vs FY 2026
- $8241-bedroom FMRMinnesota: $1,231 · U.S.: $1,478
- $40,560Income for a 2-bedroom$20/hour full-time
- 53 of 872BR rank in Minnesota1 = highest rent
| Unit | Cottonwood County FY 2027 | FY 2026 | Change | Minnesota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $737 | $671 | +$66 (+9.8%) | $1,102 | $1,379 | $29,480 |
| 1 bedroom | $824 | $766 | +$58 (+7.6%) | $1,231 | $1,478 | $32,960 |
| 2 bedrooms | $1,014 | $973 | +$41 (+4.2%) | $1,507 | $1,761 | $40,560 |
| 3 bedrooms | $1,404 | $1,353 | +$51 (+3.8%) | $1,980 | $2,266 | $56,160 |
| 4 bedrooms | $1,481 | $1,415 | +$66 (+4.7%) | $2,243 | $2,607 | $59,240 |
How Cottonwood County compares
- Cottonwood County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Minnesota, 2-bedroom FMRs run from $1,014 (Yellow Medicine County) to $1,734 (Anoka County).
- Studio to 4-bedroom: $737, $824, $1,014, $1,404, $1,481. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 6 ZIP codes mostly in Cottonwood County (by land area), the 2-bedroom figure ranges from $1,010 to $1,180.
Small Area FMRs by ZIP code in Cottonwood County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 56101 | $780 | $880 | $1,070 | $1,480 | $1,550 | +$30 (+2.9%) | 6% above |
| 56118 | $760 | $860 | $1,050 | $1,450 | $1,540 | +$40 (+4.0%) | 4% above |
| 56145 | $740 | $820 | $1,010 | $1,410 | $1,490 | +$40 (+4.1%) | about the same as |
| 56159 | $760 | $850 | $1,050 | $1,450 | $1,530 | +$70 (+7.1%) | 4% above |
| 56174 | $860 | $960 | $1,180 | $1,630 | $1,720 | +$30 (+2.6%) | 16% above |
| 56183 | $730 | $830 | $1,010 | $1,390 | $1,480 | +$40 (+4.1%) | about the same as |
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).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
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.