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

McLeod 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 McLeod County, MN, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $659 to a high of $805, with an average of $732.
One-bedroom: One-bedroom rental prices vary, with a minimum of $663, a maximum of $811, and an average of $737.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $867, peaking at a maximum of $1,059, and averaging at $963.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,198, a maximum of $1,464, and an average of $1,331.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,471 to a maximum of $1,797, with an average of $1,634.

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 McLeod 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 McLeod County, MN, MN Low Rent (90%) $659 $663 $867 $1,198 $1,471
Average Rent $732 $737 $963 $1,331 $1,634
High Rent(110%) $805 $811 $1,059 $1,464 $1,797
2023 McLeod County, MN, MN Low Rent (90%) $577 $579 $762 $1,084 $1,299
Average Rent $641 $643 $847 $1,204 $1,443
High Rent (110%) $705 $707 $932 $1,324 $1,587
2022 McLeod County, MN, MN Low Rent (90%) $545 $562 $739 $1,049 $1,265
Average Rent $606 $624 $821 $1,166 $1,405
High Rent(110%) $667 $686 $903 $1,283 $1,546
2021 McLeod County, MN, MN Low Rent (90%) $444 $510 $672 $962 $1,156
Average Rent $493 $567 $747 $1,069 $1,284
High Rent (110%) $542 $624 $822 $1,176 $1,412
2020 McLeod County, MN, MN Low Rent (90%) $461 $530 $698 $1,007 $1,152
Average Rent $512 $589 $776 $1,119 $1,280
High Rent(110%) $563 $648 $854 $1,231 $1,408
2019 McLeod County, MN, MN Low Rent (90%) $460 $531 $702 $1,004 $1,139
Average Rent $511 $590 $780 $1,115 $1,266
High Rent (110%) $562 $649 $858 $1,227 $1,393
2018 McLeod County, MN, MN Low Rent (90%) $416 $500 $652 $932 $1,065
Average Rent $462 $555 $724 $1,035 $1,183
High Rent(110%) $508 $611 $796 $1,139 $1,301
2017 McLeod County, MN, MN Low Rent (90%) $392 $482 $618 $867 $1,002
Average Rent $436 $535 $687 $963 $1,113
High Rent (110%) $480 $589 $756 $1,059 $1,224


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