Rent in Mankato, MN
Across Mankato's 3 ZIP codes, a 2-bedroom typically rents for about $1,215 a month, with figures from $993–$1,230. The highest typical rent is in 56002 ($1,230) and the lowest in 56003 ($993). 2 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Blue Earth County pay about 0.98% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $934 | $821–$1,016 | 3 |
| 1 bed | $901 | $789–$1,023 | 3 |
| 2 beds | $1,215 | $993–$1,230 | 3 |
| 3 beds | $1,556 | $1,455–$1,703 | 3 |
| 4 beds | $1,225 | $1,135–$1,744 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Mankato ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Mankato, MN?
- About $1,215 a month: the median of the typical rents in 3 ZIP codes, which range from $993–$1,230. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Mankato, MN?
- About $901 a month: the median of the typical rents in 3 ZIP codes, which range from $789–$1,023. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Mankato, MN?
- About $1,556 a month: the median of the typical rents in 3 ZIP codes, which range from $1,455–$1,703. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Mankato, MN?
- About $934 a month: the median of the typical rents in 3 ZIP codes, which range from $821–$1,016. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Mankato, MN?
- About $1,225 a month: the median of the typical rents in 3 ZIP codes, which range from $1,135–$1,744. Figures are gross rent (rent plus tenant-paid utilities).
- Which Mankato ZIP code has the highest rent?
- For a 2-bedroom, 56002 has the highest typical rent at $1,230 a month, and 56003 the lowest at $993.
- What is the property tax rate in Mankato, MN?
- Owner-occupied homes in Blue Earth County pay a typical 0.98% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Mankato rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).