The median 2 bedroom fair market rent across Olmsted County's 11 tracked ZIP codes is $1,410 for FY2026, and typical market asking rent runs around $1,693. Rents here moved +4.4 percent year over year.
| ZIP | City | 2BR FMR | YoY | Market rent |
|---|---|---|---|---|
| 55902 | Rochester | $1,690 | +4.3% | $1,786 |
| 55960 | Oronoco | $1,490 | -5.7% | |
| 55901 | Rochester | $1,470 | +7.3% | $1,629 |
| 55903 | Rochester | $1,420 | +4.4% | |
| 55905 | Rochester | $1,420 | +4.4% | |
| 55904 | Rochester | $1,410 | +6.8% | $1,693 |
| 55906 | Rochester | $1,230 | +6.0% | $1,566 |
| 55920 | Byron | $1,210 | -1.6% | |
| 55929 | Dover | $1,210 | +16.3% | |
| 55934 | Eyota | $1,210 | +16.3% | |
| 55976 | Stewartville | $1,210 | -0.8% |
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 Olmsted County's 11 tracked ZIP codes is $1,410 for FY2026. Typical market asking rent runs around $1,693 per Zillow. Rent varies by ZIP, so use the table on this page for a specific area.
Eyota 55934 saw the biggest increase, +16.3 percent year over year. Oronoco 55960 saw the biggest decrease, -5.7 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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