The median 2 bedroom fair market rent across Scott County's 7 tracked ZIP codes is $1,860 for FY2026, and typical market asking rent runs around $1,927. Rents here moved +2.8 percent year over year.
| ZIP | City | 2BR FMR | YoY | Market rent |
|---|---|---|---|---|
| 55054 | Elko New Market | $2,490 | +39.1% | |
| 55020 | Elko New Market | $2,140 | +14.4% | |
| 55378 | Savage | $2,040 | +0.5% | $1,984 |
| 55379 | Shakopee | $1,860 | +2.8% | $1,771 |
| 55372 | Prior Lake | $1,710 | +0.0% | $1,927 |
| 55352 | Jordan | $1,530 | -7.8% | |
| 56011 | Belle Plaine | $1,520 | +4.1% |
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 Scott County's 7 tracked ZIP codes is $1,860 for FY2026. Typical market asking rent runs around $1,927 per Zillow. Rent varies by ZIP, so use the table on this page for a specific area.
Elko New Market 55054 saw the biggest increase, +39.1 percent year over year. Jordan 55352 saw the biggest decrease, -7.8 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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