Aitkin County, MN

2024 Fair Market Rents

Tags: 2024 Minnesota

Return to the state page to see where Minnesota ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Aitkin County are Aitkin, Deerwood, Sandstone, and Isle. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Aitkin County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Aitkin County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Aitkin County compare?

Aitkin County ($932) has a 12.5% lower FMR for 2-Bedroom housing than the average of Minnesota ($1,065) and therefore has a lower gross rent.

Aitkin County is rank 69th out of 87 counties. This means the FMRs, or in other words, the gross rent is lower than 68 other counties. Aitkin County is the 19th cheapest county in terms of FMRs.

Rent Tables Aitkin County, MN

Fair Market Rent (40th Percentile)

$677
studio
$709
1-Bedroom
$932
2-Bedroom
$1,274
3-Bedroom
$1,278
4-Bedroom

Median Rent (50th Percentile)

$727
studio
$762
1-Bedroom
$1,001
2-Bedroom
$1,368
3-Bedroom
$1,373
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
55783 $0 $810 $1,040 $1,390 $1,760
55787 $0 $820 $1,050 $1,400 $1,780
55798 $0 $760 $980 $1,300 $1,620
56342 $0 $730 $960 $1,270 $1,630
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
55783 $639 $729 $936 $1,251 $1,584
55787 $648 $738 $945 $1,260 $1,602
55798 $639 $684 $882 $1,170 $1,458
56342 $657 $657 $864 $1,143 $1,467
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
55783 $781 $891 $1,144 $1,529 $1,936
55787 $792 $902 $1,155 $1,540 $1,958
55798 $781 $836 $1,078 $1,430 $1,782
56342 $803 $803 $1,056 $1,397 $1,793

Fair Market Rents on this page apply to the following cities in Aitkin County, Minnesota: Aitkin, Deerwood, Sandstone, Isle, Mcgregor, Sturgeon Lake, Finlayson, Hill City, Palisade, Wright, Jacobson, Swatara, Tamarack, and Mc Grath.

These Fair Market Rents also apply to the following ZIP codes in Aitkin County, Minnesota: 56431, 56444, 55072, 56342, 55760, 55783, 55735, 55748, 56469, 55798, 55752, 55785, 55787, and 56350.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.