The median 2 bedroom fair market rent across Morrison County's 12 tracked ZIP codes is $1,030 for FY2026. Rents here moved +4.3 percent year over year.
| ZIP | City | 2BR FMR | YoY | Market rent |
|---|---|---|---|---|
| 56338 | Hillman | $1,240 | +9.7% | |
| 56388 | Waite Park | $1,240 | +5.1% | |
| 56443 | Cushing | $1,160 | +9.4% | |
| 56314 | Bowlus | $1,090 | +4.8% | |
| 56373 | Royalton | $1,040 | +0.0% | |
| 56364 | Pierz | $1,030 | +3.0% | |
| 56382 | Swanville | $1,000 | +5.3% | |
| 56328 | Flensburg | $980 | +1.0% | |
| 56345 | Little Falls | $980 | +1.0% | |
| 56384 | Upsala | $970 | +4.3% | |
| 56466 | Motley | $970 | +4.3% | |
| 56475 | Randall | $970 | +4.3% |
FMR is the HUD Fair Market Rent for each ZIP, the 40th percentile of gross rents. Market rent is the latest Zillow ZORI where Zillow covers that ZIP.
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The median 2 bedroom HUD fair market rent across Morrison County's 12 tracked ZIP codes is $1,030 for FY2026. Rent varies by ZIP, so use the table on this page for a specific area.
Hillman 56338 saw the biggest increase, +9.7 percent year over year. Royalton 56373 saw the biggest decrease, +0.0 percent.
Fair Market Rent is HUD's estimate of the 40th percentile gross rent for a ZIP code. It sets Section 8 payment standards, so it is the rent a voucher will support there. Investors use it as a conservative floor when underwriting rental income.
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