The 2 bedroom fair market rent in Cold Spring (Stearns County) is $1,360 for FY2026. Rents here moved +8.8 percent year over year. ZIP 56320 sits in the St. Cloud, MN MSA area.
| Unit size | FY2026 FMR | Vs FY2025 | ACS median |
|---|---|---|---|
| Studio | $990 | +6.5% | |
| 1 bedroom | $1,040 | +8.3% | |
| 2 bedroom | $1,360 | +8.8% | |
| 3 bedroom | $1,810 | +10.4% | |
| 4 bedroom | $2,110 | +8.2% |
FMR is the HUD Fair Market Rent for this ZIP, the 40th percentile of gross rents. It anchors Section 8 payment standards and runs below top of market. ACS median is the Census survey estimate where available.
The HUD fair market rent for a 2 bedroom in ZIP 56320 is $1,360 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 8.8 percent from FY2025 to FY2026, moving from $1,250 to $1,360.
Fair Market Rent is HUD's estimate of the 40th percentile gross rent for a ZIP. It sets Section 8 payment standards, so it is the rent a voucher will support here. Investors use it as a conservative floor when underwriting rental income.
Rent level is only one input. Run the numbers: at $1,360 for a 2 bedroom, a deal in Cold Spring pencils or it does not based on price, taxes, insurance, and financing. Pencilwrite computes cap rate, cash-on-cash, DSCR, and true ROE from a few inputs.
Pencilwrite turns an address, a price, and these rents into a full underwrite, cap rate, cash-on-cash, DSCR, true ROE, taxes, and an offer you can send. Join the early access list.
