Lake County, MN Fair Market Rent
2026 HUD Fair Market Rents for Lake County, MN. Population: 51,342. Median household income: $65,773/year.
Fair Market Rent by Bedroom Size
Studio$623/mo
1 Bedroom$798/mo
2 Bedroom$990/mo
3 Bedroom$1,190/mo
4 Bedroom$1,441/mo
Rent Affordability Analysis
Median Income
$65,773/yr
Affordable Rent (30% Rule)
$1,644/mo
Rent Burden
18.1%
Income Needed to Rent
| Unit Size | Monthly FMR | Annual Rent | Income Needed (30% Rule) |
|---|---|---|---|
| Studio | $623 | $7,476 | $24,920/yr |
| 1 Bedroom | $798 | $9,576 | $31,920/yr |
| 2 Bedroom | $990 | $11,880 | $39,600/yr |
| 3 Bedroom | $1,190 | $14,280 | $47,600/yr |
| 4 Bedroom | $1,441 | $17,292 | $57,640/yr |
Frequently Asked Questions
What is the fair market rent in Lake County, MN?
The 2026 HUD Fair Market Rent for a 2-bedroom in Lake County is $990/month. Studio: $623, 1BR: $798, 3BR: $1,190, 4BR: $1,441.
What is the rent burden in Lake County?
Rent burden in Lake County is 18.1% of median household income ($65,773/year). The HUD considers 30% or more cost-burdened.
How much income do you need to rent in Lake County?
To afford a 2-bedroom at $990/month using the 30% rule, you need an annual income of at least $39,600.
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