Rent in Mankato, MN MSA
The Fair Market Rent (FMR) for a two-bedroom home in Mankato, MN MSA is $1,171/month for HUD fiscal year 2026 — HUD's estimate of the 40th-percentile gross rent for standard-quality rentals in this market.
Quick answer: A two-bedroom in Mankato, MN MSA has an FMR of $1,171/month (FY2026). That is 20% above the national median of $974. Mankato, MN MSA ranks #652 of 2,622 HUD FMR areas by two-bedroom rent (1 = most expensive).
Fair Market Rent by bedroom size, Mankato, MN MSA
| Unit size | Fair Market Rent / month |
|---|---|
| Studio / efficiency | $971 |
| 1 bedroom | $977 |
| 2 bedrooms | $1,171 |
| 3 bedrooms | $1,629 |
| 4 bedrooms | $1,916 |
Nearby on the rent ranking
- Matagorda County, TX$1,173/mo
- Pocatello, ID MSA$1,173/mo
- Utica-Rome, NY MSA$1,172/mo
- Dallam County, TX$1,170/mo
- Lincoln County, MT$1,170/mo
- Seneca County, NY$1,169/mo
Frequently asked questions
- How much is rent in Mankato, MN MSA?
- The Fair Market Rent (FMR) for a two-bedroom unit in Mankato, MN MSA is $1,171 per month for HUD fiscal year 2026. A one-bedroom is $977 and a three-bedroom is $1,629 per month.
- What is the studio and one-bedroom Fair Market Rent in Mankato, MN MSA?
- For FY2026, HUD's efficiency/studio FMR in Mankato, MN MSA is $971 per month and the one-bedroom FMR is $977 per month.
- How is the Fair Market Rent for Mankato, MN MSA calculated?
- HUD's Fair Market Rent is an estimate of the 40th-percentile gross rent — rent plus tenant-paid utilities, excluding telephone, cable, satellite and internet — for standard-quality rental units in the local housing market. Figures are set per HUD FMR area and apply to every county within that area.
- What are Fair Market Rents used for in Mankato, MN MSA?
- FMRs set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD rental-assistance programs in Mankato, MN MSA. They cap the subsidy a voucher can pay toward rent and are also widely used as a benchmark for typical local rents.
- How does rent in Mankato, MN MSA compare nationally?
- Mankato, MN MSA ranks #652 of 2,622 HUD FMR areas by two-bedroom FMR (1 = most expensive). The national median two-bedroom FMR is $974 per month.
Source: U.S. Department of Housing and Urban Development (HUD USER), FY2026 Fair Market Rents. Public domain (17 U.S.C. § 105). Figures effective 1 October 2025. Last updated 2025-10-01.