Rent by ZIP · Nicollet County
Rent in Mankato, MN 56003
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,070 (+0.9% vs FY2026). Renters in this ZIP code pay a median $975 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $880 | $870 | +1.1% | $792–968 | $934 ±$223 |
| 1 bedroom | $890 | $880 | +1.1% | $801–979 | $789 ±$145 |
| 2 bedrooms | $1,070 | $1,060 | +0.9% | $963–1,177 | $993 ±$77 |
| 3 bedrooms | $1,480 | $1,490 | -0.7% | $1,332–1,628 | $1,455 ±$290 |
| 4 bedrooms | $1,730 | $1,780 | -2.8% | $1,557–1,903 | $1,135 ±$51 |
Small Area FMRs for the Mankato, MN MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Mankato, MN MSA, 2 bedrooms: $1,230.
What renters pay in 56003
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 56001 | Mankato | $1,350 | $1,215 |
| 56007 | Albert Lea | $1,030 | $899 |
| 56009 | Alden | $1,300 | – |
| 56010 | Amboy | $1,060 | $725 |
| 56011 | Belle Plaine | $1,610 | $1,350 |
| 56013 | Blue Earth | $1,070 | $950 |
Fair Market Rents across Nicollet County, MN · All MN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.