The 2 bedroom fair market rent in Long Prairie (Todd County) is $1,040 for FY2026. Rents here moved +8.3 percent year over year. ZIP 56347 sits in the Todd 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 | $790 | +3.9% | |
| 1 bedroom | $790 | +3.9% | |
| 2 bedroom | $1,040 | +8.3% | |
| 3 bedroom | $1,410 | +6.0% | |
| 4 bedroom | $1,660 | +19.4% |
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 10 Todd County ZIP codes with a HUD rent estimate, 56347 ranks number 3 of 10 on 2 bedroom fair market rent. That is $65 above the county median of $975. The county runs from $970 in Eagle Bend 56446 to $1,170 in Staples 56479. Statewide the median 2 bedroom fair market rent is $1,090, which puts Long Prairie 5 percent below the Minnesota median. Zillow does not publish a rent index for 56347, 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, Grey Eagle 56336 carries the highest 2 bedroom fair market rent at $1,040 and Browerville 56438 the lowest at $970, against $1,040 here.
The HUD fair market rent for a 2 bedroom in ZIP 56347 is $1,040 for FY2026. Actual rents vary by unit size, condition, and location within the ZIP.
The 2 bedroom fair market rent rose 8.3 percent from FY2025 to FY2026, moving from $960 to $1,040.
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 $1,040 for a 2 bedroom, a deal in Long Prairie 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.
