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2025 FMR And Section 8 Rents For Lake County MN

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of lake-county, MN.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
24815$870$970$1270$1690$2160
24801$820$940$1200$1600$2040
24816$780$870$1140$1520$1940
24808$774$860$1130$1502$1918
24747$850$950$1240$1650$2110
24817$774$860$1130$1502$1918
24818$774$870$1130$1502$1918
24813$820$910$1190$1590$2030
24811$774$860$1130$1502$1918

Zip Code:

24815

Studio Rent:

$870

1 Bedroom Rent:

$970

2 Bedroom Rent:

$1270

3 Bedroom Rent:

$1690

4 Bedroom Rent:

$2160

Zip Code:

24801

Studio Rent:

$820

1 Bedroom Rent:

$940

2 Bedroom Rent:

$1200

3 Bedroom Rent:

$1600

4 Bedroom Rent:

$2040

Zip Code:

24816

Studio Rent:

$780

1 Bedroom Rent:

$870

2 Bedroom Rent:

$1140

3 Bedroom Rent:

$1520

4 Bedroom Rent:

$1940

Zip Code:

24808

Studio Rent:

$774

1 Bedroom Rent:

$860

2 Bedroom Rent:

$1130

3 Bedroom Rent:

$1502

4 Bedroom Rent:

$1918

Zip Code:

24747

Studio Rent:

$850

1 Bedroom Rent:

$950

2 Bedroom Rent:

$1240

3 Bedroom Rent:

$1650

4 Bedroom Rent:

$2110

Zip Code:

24817

Studio Rent:

$774

1 Bedroom Rent:

$860

2 Bedroom Rent:

$1130

3 Bedroom Rent:

$1502

4 Bedroom Rent:

$1918

Zip Code:

24818

Studio Rent:

$774

1 Bedroom Rent:

$870

2 Bedroom Rent:

$1130

3 Bedroom Rent:

$1502

4 Bedroom Rent:

$1918

Zip Code:

24813

Studio Rent:

$820

1 Bedroom Rent:

$910

2 Bedroom Rent:

$1190

3 Bedroom Rent:

$1590

4 Bedroom Rent:

$2030

Zip Code:

24811

Studio Rent:

$774

1 Bedroom Rent:

$860

2 Bedroom Rent:

$1130

3 Bedroom Rent:

$1502

4 Bedroom Rent:

$1918

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.