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RentData.org Logo Martin County Fair Market Rent FY 2023 Martin County, MN Rental Data

Fair Market Rent Prices in Martin County, MN :
$568 $645 $849 $1,136 $1,141
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Martin County are low compared to the national average. This FMR area is less expensive than 63% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Martin County is $849 per month.

The previous year, rent for a two-bedroom home was $773 per month. This is a 9.83% increase year-over-year.

This FMR rate applies to Northrop, MN, Ormsby, MN, Ceylon, MN, Trimont, MN, Welcome, MN, Sherburn, MN, Fairmont, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27091N27091.

Additionally, This Fair Market Rent (FMR) area Martin County, MN spans one county or city in Minnesota which is listed in the table below. Estimated population of Martin County, MN FMR area is 19,737 people based on latest Census data.

Compared to the rest of Minnesota, the Martin County FMR area is less expensive than 87% of the state.

Minnesota Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Martin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Martin County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 600
1-BR 1-Bedroom $ 682
2-BR 2-Bedroom $ 898
3-BR 3-Bedroom $ 1202
4-BR 4-Bedroom $ 1206
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Martin County, MN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Mankato.

County / Region Est. Population
Martin County, MN 19,737
Zip Codes in Martin County, MN

There are 7 unique zip codes in this Fair Market Rent (FMR) area:

56031, 56075, 56121, 56162, 56171, 56176 and 56181

Lookup Fair Market Rent by Zip Code

What's Next?

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