The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Big Stone County, MN, MN

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Big Stone County, MN, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $552 to a high of $674, with an average of $613.
One-bedroom: One-bedroom rental prices vary, with a minimum of $698, a maximum of $853, and an average of $775.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $815, peaking at a maximum of $996, and averaging at $905.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,148, a maximum of $1,403, and an average of $1,275.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,229 to a maximum of $1,503, with an average of $1,366.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Big Stone County, MN Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Big Stone County, MN, MN Low Rent (90%) $552 $698 $815 $1,148 $1,229
Average Rent $613 $775 $905 $1,275 $1,366
High Rent(110%) $674 $853 $996 $1,403 $1,503
2023 Big Stone County, MN, MN Low Rent (90%) $497 $586 $743 $1,057 $1,138
Average Rent $552 $651 $826 $1,174 $1,264
High Rent (110%) $607 $716 $909 $1,291 $1,390
2022 Big Stone County, MN, MN Low Rent (90%) $453 $518 $681 $968 $1,069
Average Rent $503 $575 $757 $1,075 $1,188
High Rent(110%) $553 $633 $833 $1,183 $1,307
2021 Big Stone County, MN, MN Low Rent (90%) $436 $501 $661 $945 $1,043
Average Rent $484 $557 $734 $1,050 $1,159
High Rent (110%) $532 $613 $807 $1,155 $1,275
2020 Big Stone County, MN, MN Low Rent (90%) $424 $488 $643 $902 $905
Average Rent $471 $542 $714 $1,002 $1,006
High Rent(110%) $518 $596 $785 $1,102 $1,107
2019 Big Stone County, MN, MN Low Rent (90%) $413 $508 $630 $868 $871
Average Rent $459 $564 $700 $964 $968
High Rent (110%) $505 $620 $770 $1,060 $1,065
2018 Big Stone County, MN, MN Low Rent (90%) $406 $541 $627 $851 $854
Average Rent $451 $601 $697 $946 $949
High Rent(110%) $496 $661 $767 $1,041 $1,044
2017 Big Stone County, MN, MN Low Rent (90%) $393 $523 $613 $842 $845
Average Rent $437 $581 $681 $935 $939
High Rent (110%) $481 $639 $749 $1,029 $1,033


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