Rent in Steele County, MN at a glance
2-bedroom rent (HUD)
$1,142$13,704 a year · HUD fiscal year 2026From October 1, 2026: $1,244 (+8.9%)How much rent can you afford in Steele 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 Steele 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 | $787 | $9,444 | $31,480 | $15.13/hr |
| 1 bedroom | $870 | $10,440 | $34,800 | $16.73/hr |
| 2 bedroomsMost searched | $1,142 | $13,704 | $45,680 | $21.96/hr |
| 3 bedrooms | $1,549 | $18,588 | $61,960 | $29.79/hr |
| 4 bedrooms | $1,816 | $21,792 | $72,640 | $34.92/hr |
Cost of living in Steele County, MN: income, prices and a budget →
Living and working in Steele County, MN
Rent in Steele County, MN: common questions
How much is rent going up in Steele County, MN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,244 for a two-bedroom, up 8.9% from $1,142. A one-bedroom goes from $870 to $951, a studio from $787 to $866.
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 Steele County, MN?
HUD's Fair Market Rent for 2026 is $870 for a one-bedroom and $1,142 for a two-bedroom, utilities included. That is $13,704 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 Steele County, MN?
To keep a $1,142 two-bedroom at 30% of gross pay, one full-time worker needs $21.96 an hour, or $45,680 a year. A one-bedroom at $870 takes $16.73 an hour.
How much is a 1, 2 or 3-bedroom apartment in Steele County, MN?
At HUD's 2026 Fair Market Rent: studio $787, one bedroom $870, two $1,142, three $1,549 and four $1,816 a month.
Is rent affordable in Steele County, MN?
For the typical household, earning $84,196 a year ($7,016 a month, Census ACS), a two-bedroom at $1,142 takes 16.3% 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: ($1,142 × 12) ÷ 0.30 = $45,680. Divided by 2,080 working hours, that is $21.96 an hour.