Rent in Dakota County, MN at a glance
2-bedroom rent (HUD)
$1,709$20,508 a year · HUD fiscal year 2026From October 1, 2026: $1,734 (+1.5%)How much rent can you afford in Dakota County, MN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Dakota County, MN by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,242 | $14,904 | $49,680 | $23.88/hr |
| 1 bedroom | $1,405 | $16,860 | $56,200 | $27.02/hr |
| 2 bedroomsMost searched | $1,709 | $20,508 | $68,360 | $32.87/hr |
| 3 bedrooms | $2,262 | $27,144 | $90,480 | $43.50/hr |
| 4 bedrooms | $2,531 | $30,372 | $101,240 | $48.67/hr |
Cost of living in Dakota County, MN: income, prices and a budget →
Living and working in Dakota County, MN
Rent in Dakota County, MN: common questions
How much is rent going up in Dakota County, MN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,734 for a two-bedroom, up 1.5% from $1,709. A one-bedroom goes from $1,405 to $1,427, a studio from $1,242 to $1,265.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Dakota County, MN?
HUD's Fair Market Rent for 2026 is $1,405 for a one-bedroom and $1,709 for a two-bedroom, utilities included. That is $20,508 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Dakota County, MN?
To keep a $1,709 two-bedroom at 30% of gross pay, one full-time worker needs $32.87 an hour, or $68,360 a year. A one-bedroom at $1,405 takes $27.02 an hour.
How much is a 1, 2 or 3-bedroom apartment in Dakota County, MN?
At HUD's 2026 Fair Market Rent: studio $1,242, one bedroom $1,405, two $1,709, three $2,262 and four $2,531 a month.
Is rent affordable in Dakota County, MN?
For the typical household, earning $106,318 a year ($8,860 a month, Census ACS), a two-bedroom at $1,709 takes 19.3% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,709 × 12) ÷ 0.30 = $68,360. Divided by 2,080 working hours, that is $32.87 an hour.