Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,078$12,936 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Le Sueur County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Le Sueur County, MN
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $816 | $9,792 | $32,640 | $15.69/hr |
| 1-Bedroom Apartment | $822 | $9,864 | $32,880 | $15.81/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,078 | $12,936 | $43,120 | $20.73/hr |
| 3-Bedroom Home | $1,499 | $17,988 | $59,960 | $28.83/hr |
| 4-Bedroom Home | $1,748 | $20,976 | $69,920 | $33.62/hr |
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Frequently Asked Questions About Rent in Le Sueur County, MN
What is the Fair Market Rent for a 2-bedroom in Le Sueur County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Le Sueur County, MN is $1,078 per month ($12,936 per year).
What hourly wage is needed to afford rent in Le Sueur County, MN?
To comfortably afford a 2-bedroom apartment at $1,078/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.73 per hour ($43,120/year).
What are the HUD Fair Market Rents by bedroom count in Le Sueur County, MN?
Official 2026 HUD rents in Le Sueur County, MN are: Studio: $816/mo, 1-Bedroom: $822/mo, 2-Bedroom: $1,078/mo, 3-Bedroom: $1,499/mo, and 4-Bedroom: $1,748/mo.
How do HUD Fair Market Rents compare to local incomes in Le Sueur County, MN?
At the local Census ACS median household income of $94,968/year ($7,914/month), the benchmark 2-bedroom Fair Market Rent represents 13.6% of monthly income.
How is the 30% housing affordability standard calculated in Le Sueur County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,078/month, the required minimum annual gross income is calculated as ($1,078 × 12) ÷ 0.30 = $43,120 per year.