The 2 bedroom fair market rent in Chandler (Murray County) is $990 for FY2026. Rents here moved -1.0 percent year over year. ZIP 56122 sits in the Nobles County, MN 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 | $680 | +0.0% | |
| 1 bedroom | $860 | +3.6% | |
| 2 bedroom | $990 | -1.0% | |
| 3 bedroom | $1,260 | -9.4% | |
| 4 bedroom | $1,580 | -5.4% |
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 8 Murray County ZIP codes with a HUD rent estimate, 56122 ranks number 6 of 8 on 2 bedroom fair market rent. That is $70 below the county median of $1,060. The county runs from $970 in Slayton 56172 to $1,360 in Avoca 56114. Statewide the median 2 bedroom fair market rent is $1,090, which puts Chandler 9 percent below the Minnesota median. Zillow does not publish a rent index for 56122, so the fair market rent is the only published rent benchmark here. The landlord voucher check compares an asking rent against it.
Of the 6 nearest ZIP codes with an estimate, Lake Wilson 56151 carries the highest 2 bedroom fair market rent at $1,130 and Iona 56141 the lowest at $970, against $990 here.
The HUD fair market rent for a 2 bedroom in ZIP 56122 is $990 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent fell 1.0 percent from FY2025 to FY2026, moving from $1,000 to $990.
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 $990 for a 2 bedroom, a deal in Chandler 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.
Pencilwrite turns an address, a price, and these rents into a full underwrite, cap rate, cash-on-cash, DSCR, true ROE, taxes, and an offer you can send. Limited beta access spots open. Sign up for the beta, opening in the next two months. Free.
