Minnesota · FIPS 27123 · HUD FY 2027
Ramsey County, Minnesota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Ramsey County is $1,734 a month (rent plus utilities), 15% above the Minnesota average of $1,507 and 2% below the U.S. average of $1,761. That is up $25 (1.5%) from FY 2026. At 30% of income, a household needs about $69,360 a year to afford it.
- $1,7342-bedroom FMR+$25 (+1.5%) vs FY 2026
- $1,4271-bedroom FMRMinnesota: $1,231 · U.S.: $1,478
- $69,360Income for a 2-bedroom$33/hour full-time
- 1 of 872BR rank in Minnesota1 = highest rent
| Unit | Ramsey County FY 2027 | FY 2026 | Change | Minnesota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,265 | $1,242 | +$23 (+1.9%) | $1,102 | $1,379 | $50,600 |
| 1 bedroom | $1,427 | $1,405 | +$22 (+1.6%) | $1,231 | $1,478 | $57,080 |
| 2 bedrooms | $1,734 | $1,709 | +$25 (+1.5%) | $1,507 | $1,761 | $69,360 |
| 3 bedrooms | $2,264 | $2,262 | +$2 (+0.1%) | $1,980 | $2,266 | $90,560 |
| 4 bedrooms | $2,538 | $2,531 | +$7 (+0.3%) | $2,243 | $2,607 | $101,520 |
How Ramsey County compares
- HUD sets this rent for the Minneapolis-St. Paul-Bloomington, MN-WI metro FMR area, which covers 3,657,430 residents in 13 counties.
- Across Minnesota, 2-bedroom FMRs run from $1,014 (Yellow Medicine County) to $1,734 (Anoka County).
- Studio to 4-bedroom: $1,265, $1,427, $1,734, $2,264, $2,538. 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 20 ZIP codes mostly in Ramsey County (by land area), the 2-bedroom figure ranges from $1,540 to $2,000.
Small Area FMRs by ZIP code in Ramsey County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 55101 | $1,440 | $1,630 | $1,980 | $2,590 | $2,900 | −$60 (−2.9%) | 14% above |
| 55102 | $1,270 | $1,430 | $1,740 | $2,270 | $2,550 | −$30 (−1.7%) | about the same as |
| 55103 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55104 | $1,160 | $1,310 | $1,590 | $2,080 | $2,330 | +$60 (+3.9%) | 8% below |
| 55105 | $1,210 | $1,370 | $1,660 | $2,170 | $2,430 | +$20 (+1.2%) | 4% below |
| 55106 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55107 | $1,220 | $1,370 | $1,670 | $2,180 | $2,440 | +$70 (+4.4%) | 4% below |
| 55108 | $1,260 | $1,420 | $1,730 | $2,260 | $2,530 | no change | about the same as |
| 55109 | $1,200 | $1,350 | $1,640 | $2,140 | $2,400 | +$20 (+1.2%) | 5% below |
| 55110 | $1,340 | $1,510 | $1,830 | $2,390 | $2,680 | +$10 (+0.5%) | 6% above |
| 55112 | $1,190 | $1,340 | $1,630 | $2,130 | $2,390 | +$60 (+3.8%) | 6% below |
| 55113 | $1,280 | $1,450 | $1,760 | $2,300 | $2,580 | +$60 (+3.5%) | 1% above |
| 55114 | $1,420 | $1,600 | $1,950 | $2,550 | $2,850 | −$10 (−0.5%) | 12% above |
| 55116 | $1,290 | $1,460 | $1,770 | $2,310 | $2,590 | +$50 (+2.9%) | 2% above |
| 55117 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55119 | $1,190 | $1,340 | $1,630 | $2,130 | $2,390 | +$30 (+1.9%) | 6% below |
| 55126 | $1,390 | $1,570 | $1,910 | $2,490 | $2,800 | +$90 (+4.9%) | 10% above |
| 55127 | $1,460 | $1,650 | $2,000 | $2,610 | $2,930 | +$60 (+3.1%) | 15% above |
| 55130 | $1,120 | $1,270 | $1,540 | $2,040 | $2,280 | +$20 (+1.3%) | 11% below |
| 55155 | $1,170 | $1,320 | $1,600 | $2,090 | $2,340 | +$20 (+1.3%) | 8% 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).
- 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.