Redwood County, MN

2024 Fair Market Rents

Tags: 2024 40th percentile 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 Redwood County are Redwood Falls, Wabasso, Morton, and Wood Lake. 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 Redwood County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Redwood County uses 40th percentile Fair Market Rents.

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 Redwood County compare?

Redwood County ($905) has a 15% lower FMR for 2-Bedroom housing than the average of Minnesota ($1,065) and therefore has a lower gross rent.

Redwood County is rank 60th out of 87 counties. This means the FMRs, or in other words, the gross rent is lower than 59 other counties. Redwood County is the 28th cheapest county in terms of FMRs.

Rent Tables Redwood County, MN

Fair Market Rent (40th Percentile)

$613
studio
$693
1-Bedroom
$905
2-Bedroom
$1,273
3-Bedroom
$1,516
4-Bedroom

Median Rent (50th Percentile)

$613
studio
$693
1-Bedroom
$905
2-Bedroom
$1,273
3-Bedroom
$1,516
4-Bedroom

Fair Market Rents on this page apply to the following cities in Redwood County, Minnesota: Redwood Falls, Wabasso, Morton, Wood Lake, Belview, Vesta, Echo, Clements, Lucan, Seaforth, and Wanda.

These Fair Market Rents also apply to the following ZIP codes in Redwood County, Minnesota: 56283, 56293, 56270, 56297, 56214, 56292, 56237, 56224, 56255, 56287, and 56294.

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Data Source

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