Minneapolis-St. Paul-Bloomington Fair Market Rent FY 2024 Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area Rental Data

Fair Market Rent prices in Minneapolis-St. Paul-Bloomington are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Minneapolis-St. Paul-Bloomington is $1,622 per month.

The previous year, rent for a two-bedroom home was $1,410 per month. This is a 15.04% increase year-over-year.

This FMR rate applies to Bethel, MN, Saint Francis, MN, Stacy, MN, Cedar, MN, Wyoming, MN, Isanti, MN, Zimmerman, MN, Hugo, MN, Forest Lake, MN, Circle Pines, MN and other cities within the region. The Metro Code or CBSA code for this region is METRO33460M33460.

Additionally, This Fair Market Rent (FMR) area Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area spans one county or city in Minnesota which is listed in the table below. Estimated population of Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area FMR area is 353,775 people based on latest Census data.

Compared to the rest of Minnesota, the Minneapolis-St. Paul-Bloomington FMR area is more expensive than 100% of the state.

Median Rent Prices in Minneapolis-St. Paul-Bloomington

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.

50^th Percentile Rental Prices: