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RentData.org Logo Red Lake County Fair Market Rent FY 2021 Red Lake County, MN Rental Data

Fair Market Rent Prices in Red Lake County, MN :
$595 $606 $734 $1,050 $1,062
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 Red Lake County are average compared to the national average. This FMR area is more expensive than 53% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Red Lake County is $734 per month.

The previous year, rent for a two-bedroom home was $714 per month. This is a 2.8% increase year-over-year.

This FMR rate applies to Brooks, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27125N27125.

Additionally, This Fair Market Rent (FMR) area Red Lake County, MN spans one county or city in Minnesota which is listed in the table below. Estimated population of Red Lake County, MN FMR area is 4,015 people based on latest Census data.

Compared to the rest of Minnesota, the Red Lake County FMR area is more expensive than 61% of the state.

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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 Red Lake County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Red Lake 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 $ 595
1-BR 1-Bedroom $ 606
2-BR 2-Bedroom $ 734
3-BR 3-Bedroom $ 1050
4-BR 4-Bedroom $ 1062
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 Red Lake County, MN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Fargo - Valley City.

County / Region Est. Population
Red Lake County, MN 4,015
Zip Codes in Red Lake County, MN

There is 1 unique zip code in this Fair Market Rent (FMR) area:

56715

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

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