Logo Mankato-North Mankato Fair Market Rent FY 2017 Mankato-North Mankato, MN MSA Rental Data

Fair Market Rent Prices in Mankato-North Mankato, MN :
$610 $697 $853 $1,173 $1,503
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Mankato-North Mankato are high compared to the national average. This FMR area is more expensive than 87% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Mankato-North Mankato is $853 per month.

The previous year, rent for a two-bedroom home was $815 per month. This is a 4.66% increase year-over-year.

This FMR rate applies to Pemberton, MN, Lewisville, MN, Garden City, MN, Vernon Center, MN, Saint Clair, MN, Lafayette, MN, Courtland, MN, Minnesota Lake, MN, Hanska, MN, Amboy, MN and other cities within the region. The Metro Code or CBSA code for this region is METRO31860M31860.

Additionally, This Fair Market Rent (FMR) area Mankato-North Mankato, MN MSA spans two counties or cities in Minnesota which ares listed in the table below. Estimated population of Mankato-North Mankato, MN MSA FMR area is 96,740 people based on latest Census data.

Compared to the rest of Minnesota, the Mankato-North Mankato FMR area is more expensive than 95% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Mankato-North Mankato. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Mankato-North Mankato

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 650
1-BR 1-Bedroom $ 742
2-BR 2-Bedroom $ 908
3-BR 3-Bedroom $ 1249
4-BR 4-Bedroom $ 1600
Change Year:

The counties, cities, towns, and regions listed below fall into the Mankato-North Mankato, MN MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Minneapolis - St. Paul and Mankato.

County / Region Est. Population
Blue Earth County, MN Metro 64,013
Nicollet County, MN Metro 32,727
Zip Codes in Mankato-North Mankato, MN MSA

There are 25 unique zip codes in this Fair Market Rent (FMR) area:

55332, 55334, 56001, 56003, 56010, 56021, 56024, 56034, 56037, 56041, 56048, 56050, 56054, 56055, 56060, 56062, 56063, 56065, 56068, 56073, 56074, 56078, 56080, 56088 and 56090

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