Average Rent in Mankato, MN (2026)
The average 1-bedroom rent in Mankato, MN is $1,055/month as of 2026, based on HUD data across 2 ZIP codes. Rents have changed +11.0% year over year. Rents range from $1,030 to $1,080.
Average Rent · 1-Bedroom
$1,055/mo
Source: HUD Fair Market Rent · 2 zip codes
Year-over-Year
↑ +11.0%
Source: Zillow ZORI, HUD Fair Market Rent
Data through
The average 1-bedroom rent in Mankato, MN is $1,055/month according to HUD FY2026 Fair Market Rent data, covering 2 ZIP codes. Rents have increased 11.0% year-over-year. The average 1-bedroom rent in Mankato is 12% below the national average of $1,196/month.
Average rent in Mankato, MN ranges from $1,030 to $1,080 across 2 ZIP codes.
Based on local market data, a fair rent increase in Mankato, MN is approximately 11.0% for 2026. An increase above 11.0% exceeds the local market trend and may be worth negotiating.
Key Facts
Sources: Zillow ZORI, HUD Fair Market Rent, HUD SAFMR, Rentcast. Updated February 2026.
How much is rent in Mankato, MN?
The average 1-bedroom rent in Mankato, MN is $1,055/month as of 2026, based on HUD data across 2 ZIP codes. Rents across Mankato are relatively uniform, clustering around $1,055/month. To afford this at the 30% rule, a household would need approximately $42,200/year.
Is rent going up in Mankato?
Rents in Mankato have increased 11.0% year over year based on local market data. This is a notably high rate of increase, indicating strong upward rent pressure in Mankato.
What is a fair rent increase in Mankato?
Based on local market data, a rent increase around 11.0% is in line with the Mankato market for 2026. An increase above that level exceeds the local trend and may be worth pushing back on. Check your specific increase with RenewalReply's free rent analysis tool.
Rent Trends in Mankato
+11.0%
Rents in Mankato are rising at +11.0% year-over-year.
− Estimated trend
Market sources range from +3.5% to +13.5%
Sources: Zillow ZORI, HUD Fair Market Rent
What Should Rent Cost in Mankato?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in Mankato typically rents for $1,045 – $1,129.
Rents above $1,298 are in the top 25% for this area.
A 1-bedroom in Mankato typically rents for $1,055 – $1,139.
Rents above $1,310 are in the top 25% for this area.
A 2-bedroom in Mankato typically rents for $1,260 – $1,361.
Rents above $1,565 are in the top 25% for this area.
A 3-bedroom in Mankato typically rents for $1,750 – $1,890.
Rents above $2,174 are in the top 25% for this area.
A 4-bedroom in Mankato typically rents for $2,060 – $2,225.
Rents above $2,559 are in the top 25% for this area.
Federal Rent Benchmarks for Mankato
HUD Fair Market Rents are federal rent benchmarks published annually by HUD. They provide a consistent baseline for comparing rents across areas.
Studio
$1,045
HUD Fair Market Rent
1-Bedroom
$1,055
HUD Fair Market Rent
2-Bedroom
$1,260
HUD Fair Market Rent
3-Bedroom
$1,750
HUD Fair Market Rent
4-Bedroom
$2,060
HUD Fair Market Rent
Source: HUD SAFMR FY2026 · Updated
Zip Codes in Mankato
Click any zip code for detailed rent data including zip-specific SAFMR rates, nearby comparables, and a free rent increase check.
SAFMR rates are zip-specific.
How Does Mankato Compare?
Questions about rent in Mankato
What is the average 1-bedroom rent in Mankato, MN?
The average 1-bedroom fair market rent in Mankato, MN is $1,055/month as of 2026, based on HUD rent data across 2 ZIP codes in the city. This is 12% below the national average of $1,196/month. Rents range from $1,030 to $1,080 depending on ZIP code.
What is a fair rent increase in Mankato?
A rent increase up to about 11.0% is broadly in line with the recent market trend in Mankato. Increases above that level are above trend and should be tested against neighborhood-level pricing and comparable rentals. The current average 1-BR rent is $1,055/month.
Are rents going up or down in Mankato?
Rents in Mankato have increased 11.0% year over year based on local market data. This reflects local market conditions across 2 ZIP codes in the Mankato, MN MSA area.
How much do rents vary across Mankato?
1-bedroom rents across Mankato range from $1,030 to $1,080 on this page, a $50/month spread. This shows that rent can vary materially across ZIP codes within the same city, reflecting neighborhood-level differences in housing stock and demand.
Can my landlord raise my rent in Mankato?
We could not identify a city-specific rent cap for Mankato. Landlords must still follow applicable state and local notice rules before raising rent at lease renewal. Requirements vary — check your state's landlord-tenant statute for specifics on notice periods and timing.
How much should I spend on rent in Mankato?
The general guideline is to spend no more than 30% of your gross income on rent. With average 1-bedroom rent in Mankato at $1,055/month, a household would need approximately $42,200/year in gross income to afford this comfortably. Many renters in high-cost areas spend above this threshold — our free tool can help you assess whether your specific rent is fair for your ZIP code.
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Renter Tools
Browse Mankato ZIP Codes
See rent data by ZIP code in this city.
Renter Guides
- How to Negotiate a Rent Increase →
A data-driven guide with free email templates for pushing back on your landlord.
- Rent Increase Laws in Minnesota →
See notice rules, caps, and tenant protections in Minnesota.
- What Should I Pay for Rent? →
How to compare rent prices and know if you're getting a fair deal.
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →