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RentData.org Logo Redwood County Fair Market Rent FY 2024 Redwood County, MN Rental Data

Fair Market Rent Prices in Redwood County, MN :
$613 $693 $905 $1,273 $1,516
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 Redwood 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 Redwood County is $905 per month.

The previous year, rent for a two-bedroom home was $826 per month. This is a 9.56% increase year-over-year.

This FMR rate applies to Clements, MN, Lucan, MN, Seaforth, MN, Wanda, MN, Echo, MN, Vesta, MN, Belview, MN, Wood Lake, MN, Morton, MN, Wabasso, MN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY27127N27127.

Additionally, This Fair Market Rent (FMR) area Redwood County, MN spans one county or city in Minnesota which is listed in the table below. Estimated population of Redwood County, MN FMR area is 15,193 people based on latest Census data.

Compared to the rest of Minnesota, the Redwood County FMR area is less expensive than 56% 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 Redwood County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Redwood 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 $ 613
1-BR 1-Bedroom $ 693
2-BR 2-Bedroom $ 905
3-BR 3-Bedroom $ 1273
4-BR 4-Bedroom $ 1516
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 Redwood County, MN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Minneapolis - St. Paul.

County / Region Est. Population
Redwood County, MN 15,193
Zip Codes in Redwood County, MN

There are 11 unique zip codes in this Fair Market Rent (FMR) area:

56214, 56224, 56237, 56255, 56270, 56283, 56287, 56292, 56293, 56294 and 56297

Lookup Fair Market Rent by Zip Code

What's Next?

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