Rice County, MN
Section 8 Fair Market Rents · FY 2026
Fair Market Rents by bedroom size
HUD sets FMRs annually. Local PHAs set their payment standards at 90–110% of FMR (higher with HUD approval) — the ranges below are estimates; confirm with the housing authority.
| Bedroom size | Fair Market Rent | Est. payment standard range |
|---|---|---|
| Studio | $899/mo | $809 – $989/mo |
| 1 BR | $905/mo | $815 – $996/mo |
| 2 BR | $1,187/mo | $1,068 – $1,306/mo |
| 3 BR | $1,534/mo | $1,381 – $1,687/mo |
| 4 BR | $1,991/mo | $1,792 – $2,190/mo |
Fair Market Rent by unit size — Rice County, MN (FY 2026)
Source: HUD FY 2026 data for Rice County. Payment standard ranges shown are 90–110% of FMR; actual standards vary by housing authority.
Housing authorities serving Rice County
This county is served by 2 housing authorities. Each may have its own waiting list, payment standards, and application requirements.
- RICE COUNTY HRA
320 3rd St NW, Faribault, MN, 55021 · 5073333782
- Housing & Redevelopment Authority Of Faribault
208 1st Ave NW, Faribault, MN, 55021 · 5073342222
Am I eligible?
To qualify for a Housing Choice Voucher in Rice County, your household's gross annual income generally must be at or below the limits below (50% of area median income, as set by HUD). Most agencies are required to prioritize applicants at or below 30% AMI for at least 75% of new vouchers.
| Household size | Max gross annual income |
|---|---|
| 1 person | $37,950 |
| 2 people | $43,400 |
| 3 people | $48,800 |
| 4 people | $54,200 |
| 5 people | $58,550 |
| 6 people | $62,900 |
| 7 people | $67,250 |
| 8 people | $71,550 |
Source: HUD Income Limits, 2026. Meeting the income limit does not guarantee a voucher — waiting lists, local preferences, and funding levels vary by housing authority. Learn more about eligibility →
Income-restricted housing in Rice County
These properties were built or rehabilitated using the federal Low-Income Housing Tax Credit (LIHTC) program and must rent a portion of units below market rate. Many, but not all, accept Section 8 Housing Choice Vouchers — contact the property directly to confirm current availability and voucher acceptance.
SPRING CREEK II
2200-2210 MILLSTREAM LANE, NORTHFIELD, MN, 5505732 income-restricted units8 2BR, 22 3BR, 2 4BR+Built 20239% LIHTCCompliance through ~2053THE LOFTS AT EVERGREEN KNOLL
2275 4TH STREET NW, FARIBAULT, MN, 5502176 income-restricted units19 1BR, 37 2BR, 20 3BRBuilt 20214% LIHTCCompliance through ~2051NORTH - SOUTH OAK APARTMENTS
600 SPRING ST N, NORTHFIELD, MN, 5505742 income-restricted units of 43 total23 1BR, 20 2BRBuilt 20174% + 9% LIHTCCompliance through ~2047PRAIRIEWOOD TOWNHOMES
MULTIPLE BUILDING ADDRESSES, FARIBAULT, MN, 5502130 income-restricted units2 2BR, 22 3BR, 6 4BR+Built 20144% LIHTCCompliance through ~2044SPRING CREEK TOWNHOMES
MULTIPLE BUILDING ADDRESSES., NORTHFIELD, MN, 5505728 income-restricted units4 2BR, 20 3BR, 4 4BR+Built 20134% LIHTCCompliance through ~2043JEFFERSON SQUARE
MULTIPLE BUILDING ADDRESSES, NORTHFIELD, MN, 5505749 income-restricted units of 50 total16 2BR, 30 3BR, 4 4BR+Built 2011Compliance through ~2041- Elderly
SUMMERFIELD APARTMENTS
MULTIPLE BUILDING ADDRESSES, NORTHFIELD, MN, 5505723 income-restricted units of 112 total10 studio, 40 1BR, 59 2BR, 3 3BRBuilt 2004Compliance through ~2034 VILLAGE AT PARK AVENUE
MULTIPLE BUILDING ADDRESSES, FARIBAULT, MN, 5502140 income-restricted units10 2BR, 30 3BRBuilt 19974% LIHTCCompliance through ~2027PARKWAY TOWNHOMES
MULTIPLE BUILDING ADDRESSES, NORTHFIELD, MN, 5505725 income-restricted units of 32 total19 2BR, 6 3BRBuilt 19964% LIHTCCompliance through ~2026PARK CENTRAL APARTMENTS
521 4TH AVE NW, FARIBAULT, MN, 5502124 income-restricted unitsBuilt 1993Compliance through ~2023- 24 income-restricted unitsBuilt 1993Compliance through ~2023
SUNSHINE APARTMENTS
MULTIPLE BUILDING ADDRESSES, MORRISTOWN, MN, 5505214 income-restricted unitsBuilt 1992Compliance through ~20222 RIVERS APARTMENTS (FKA PARK AVE APTS)
2426 PARK AVE, FARIBAULT, MN, 5502130 income-restricted units4 1BR, 23 2BR, 3 3BRBuilt 1992Compliance through ~2022
Source: HUD LIHTC Public-Use Database. Properties shown were placed in service within the last 35 years and may still be under compliance obligations. Verify availability, income limits, and voucher acceptance directly with each property. More on finding affordable housing →
Estimate your voucher payment
Enter a Rice County ZIP code in the Voucher Payment Estimator for a personalized rent and subsidy estimate based on local FMR data.
Estimate payment →Investor: find your price ceiling
Use the Property Budget Calculator to find the max purchase price that hits your target return on a Section 8 unit in this market.
Run the numbers →