Official HUD Fair Market Rents for all 10 Minnesota metro FMR areas. Median 3-bedroom benchmark across the state's metros: $1,510/mo. FMRs are 40th-percentile gross rents — treat them as floor benchmarks, not asking rents.
| Metro | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Duluth | $782 | $896 | $1,140 | $1,538 | $1,914 |
| Fillmore County | $714 | $719 | $943 | $1,321 | $1,391 |
| Lake County | $848 | $942 | $1,236 | $1,489 | $2,076 |
| Le Sueur County | $814 | $819 | $1,075 | $1,506 | $1,760 |
| Mankato | $963 | $969 | $1,174 | $1,645 | $1,971 |
| Mille Lacs County | $830 | $835 | $1,096 | $1,334 | $1,840 |
| Minneapolis | $1,220 | $1,381 | $1,685 | $2,244 | $2,513 |
| Rochester | $989 | $1,101 | $1,341 | $1,879 | $2,252 |
| St. Cloud | $856 | $883 | $1,151 | $1,510 | $1,798 |
| Wabasha County | $811 | $843 | $933 | $1,218 | $1,564 |
Source: U.S. Department of Housing & Urban Development, FY2025 Fair Market Rents for Minnesota metro FMR areas. Compiled by AgenticREI.ai. Free to cite with a link.
Every strategy calculator can start from these benchmarks — or paste any Minnesota address into the analyzer and it pulls the property records and market rents itself, then gives you a straight BUY, NEGOTIATE, or PASS.
Analyze an address free