The 2 bedroom fair market rent in Saint Paul (Ramsey County) is $1,580 for FY2026. Rents here moved +1.9 percent year over year. ZIP 55155 sits in the Minneapolis-St. Paul-Bloomington, MN-WI area.
See how this ZIP compares for Section 8 vouchers, fair market rent against market asking rent for every tracked Minnesota ZIP.
| Unit size | FY2026 FMR | Vs FY2025 | ACS median |
|---|---|---|---|
| Studio | $1,150 | +2.7% | |
| 1 bedroom | $1,300 | +2.4% | |
| 2 bedroom | $1,580 | +1.9% | |
| 3 bedroom | $2,090 | +1.5% | |
| 4 bedroom | $2,340 | +1.3% |
FMR is the HUD Fair Market Rent for this ZIP, the 40th percentile of gross rents. It anchors Section 8 payment standards and runs below top of market. ACS median is the Census survey estimate where available.
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Among the 20 Ramsey County ZIP codes with a HUD rent estimate, 55155 ranks number 14 of 20 on 2 bedroom fair market rent. That is $50 below the county median of $1,630. The county runs from $1,520 in Saint Paul 55130 to $2,040 in Saint Paul 55101. Statewide the median 2 bedroom fair market rent is $1,090, which puts Saint Paul 45 percent above the Minnesota median. The largest single year move since FY2021 came in FY2024, +15.4 percent, and the 2 bedroom estimate has gone from $1,210 to $1,580 over 5 fiscal years. Zillow does not publish a rent index for 55155, so the fair market rent is the only published rent benchmark here. The landlord voucher check compares an asking rent against it. Voucher competitiveness for every Ramsey County ZIP code with both signals is on the Ramsey County Section 8 page.
Of the 6 nearest ZIP codes with an estimate, Saint Paul 55101 carries the highest 2 bedroom fair market rent at $2,040 and Saint Paul 55103 the lowest at $1,520, against $1,580 here.
The HUD fair market rent for a 2 bedroom in ZIP 55155 is $1,580 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 1.9 percent from FY2025 to FY2026, moving from $1,550 to $1,580.
Fair Market Rent is HUD's estimate of the 40th percentile gross rent for a ZIP. It sets Section 8 payment standards, so it is the rent a voucher will support here. Investors use it as a conservative floor when underwriting rental income.
Rent level is only one input. Run the numbers: at $1,580 for a 2 bedroom, a deal in Saint Paul pencils or it does not based on price, taxes, insurance, and financing. Pencilwrite computes cap rate, cash-on-cash, DSCR, and true ROE from a few inputs.
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