Rent in Rice County, MN at a glance
2-bedroom rent (HUD)
$1,187$14,244 a year · HUD fiscal year 2026From October 1, 2026: $1,226 (+3.3%)How much rent can you afford in Rice 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 Rice 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 | $899 | $10,788 | $35,960 | $17.29/hr |
| 1 bedroom | $905 | $10,860 | $36,200 | $17.40/hr |
| 2 bedroomsMost searched | $1,187 | $14,244 | $47,480 | $22.83/hr |
| 3 bedrooms | $1,534 | $18,408 | $61,360 | $29.50/hr |
| 4 bedrooms | $1,991 | $23,892 | $79,640 | $38.29/hr |
Cost of living in Rice County, MN: income, prices and a budget →
Living and working in Rice County, MN
Rent in Rice County, MN: common questions
How much is rent going up in Rice County, MN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,226 for a two-bedroom, up 3.3% from $1,187. A one-bedroom goes from $905 to $937, a studio from $899 to $931.
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 Rice County, MN?
HUD's Fair Market Rent for 2026 is $905 for a one-bedroom and $1,187 for a two-bedroom, utilities included. That is $14,244 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 Rice County, MN?
To keep a $1,187 two-bedroom at 30% of gross pay, one full-time worker needs $22.83 an hour, or $47,480 a year. A one-bedroom at $905 takes $17.40 an hour.
How much is a 1, 2 or 3-bedroom apartment in Rice County, MN?
At HUD's 2026 Fair Market Rent: studio $899, one bedroom $905, two $1,187, three $1,534 and four $1,991 a month.
Is rent affordable in Rice County, MN?
For the typical household, earning $83,181 a year ($6,932 a month, Census ACS), a two-bedroom at $1,187 takes 17.1% 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: ($1,187 × 12) ÷ 0.30 = $47,480. Divided by 2,080 working hours, that is $22.83 an hour.