Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,123$13,476 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Mille Lacs County, MN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Mille Lacs 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 | $850 | $10,200 | $34,000 | $16.35/hr |
| 1-Bedroom Apartment | $856 | $10,272 | $34,240 | $16.46/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,123 | $13,476 | $44,920 | $21.60/hr |
| 3-Bedroom Home | $1,346 | $16,152 | $53,840 | $25.88/hr |
| 4-Bedroom Home | $1,884 | $22,608 | $75,360 | $36.23/hr |
See comprehensive cost of living profile for Mille Lacs County, MN →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Minnesota:
Frequently Asked Questions About Rent in Mille Lacs County, MN
What is the Fair Market Rent for a 2-bedroom in Mille Lacs County, MN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Mille Lacs County, MN is $1,123 per month ($13,476 per year).
What hourly wage is needed to afford rent in Mille Lacs County, MN?
To comfortably afford a 2-bedroom apartment at $1,123/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.60 per hour ($44,920/year).
What are the HUD Fair Market Rents by bedroom count in Mille Lacs County, MN?
Official 2026 HUD rents in Mille Lacs County, MN are: Studio: $850/mo, 1-Bedroom: $856/mo, 2-Bedroom: $1,123/mo, 3-Bedroom: $1,346/mo, and 4-Bedroom: $1,884/mo.
How do HUD Fair Market Rents compare to local incomes in Mille Lacs County, MN?
At the local Census ACS median household income of $72,729/year ($6,061/month), the benchmark 2-bedroom Fair Market Rent represents 18.5% of monthly income.
How is the 30% housing affordability standard calculated in Mille Lacs County, MN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,123/month, the required minimum annual gross income is calculated as ($1,123 × 12) ÷ 0.30 = $44,920 per year.