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Typical Rent in 56001 — Mankato, MN
The typical 1-bedroom rent in 56001 (Mankato, MN) is $1,078/month as of 2026, based on 4 data sources. Rents have risen 11.4% year over year, so an increase above 11.4% exceeds the local market trend. Studio: $1,070. 2-bedroom: $1,290.
Rents in Mankato have changed approximately +4.9% – +13.5% over the past year based on local market data. A rent increase above 13.5% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,078/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 56001 (Mankato, MN) is $1,080 for FY2026.
Rents in 56001 have increased 11.4% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Mankato (56001) is approximately 11.4% for 2026. The typical 1-bedroom rent is $1,078/month. Any increase significantly above 11.4% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 56001 (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 56001 (Mankato) typically rents for $1,070 – $1,156.
Rents above $1,329 are in the top 25% for this area.
A 1-bedroom in 56001 (Mankato) typically rents for $1,080 – $1,166.
Rents above $1,341 are in the top 25% for this area.
A 2-bedroom in 56001 (Mankato) typically rents for $1,290 – $1,393.
Rents above $1,602 are in the top 25% for this area.
A 3-bedroom in 56001 (Mankato) typically rents for $1,790 – $1,933.
Rents above $2,223 are in the top 25% for this area.
A 4-bedroom in 56001 (Mankato) typically rents for $2,110 – $2,279.
Rents above $2,621 are in the top 25% for this area.
Current Asking Rents in 56001
What are apartments actually renting for near 56001? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Rent Trends in Mankato, MN
+11.4%
Rents in 56001 (Mankato) are rising at +11.4% year-over-year.
− Estimated trend
Market sources range from +4.9% to +13.5%
Sources: Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 56001
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Mankato, MN MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,070 | $1,072 |
| 1-Bedroom | $1,080 | $1,078 |
| 2-Bedroom | $1,290 | $1,292 |
| 3-Bedroom | $1,790 | $1,797 |
| 4-Bedroom | $2,110 | $2,114 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 56001
What is the average 1-bedroom rent in 56001?
The typical 1-bedroom rent in 56001 (Mankato, MN) is $1,078/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,070 and 2-bedroom rent at $1,290.
What is a fair rent increase in 56001?
A rent increase up to about 11.4% is in line with the recent local market trend in 56001. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 56001?
Rents in 56001 have risen 11.4% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 56001?
On this page, studio rent in 56001 is $1,070/month and 2-bedroom rent is $1,290/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 56001 ($1,080/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Mankato, MN
| Zip Code | Location | 1-BR Fair Market Rent |
|---|---|---|
| 56002 | Mankato, MN | $1,030 |
Nearby Areas
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 →