Mankato-North Mankato Fair Market Rent FY 2022 Mankato-North Mankato, MN MSA Rental Data

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 $992 per month.

The previous year, rent for a two-bedroom home was $961 per month. This is a 3.23% increase year-over-year.

This FMR rate applies to Lewisville, MN, Pemberton, MN, Garden City, MN, Vernon Center, MN, Saint Clair, MN, Minnesota Lake, MN, Hanska, MN, Amboy, MN, Kasota, MN, Good Thunder, 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 one county or city in Minnesota which is listed in the table below. Estimated population of Mankato-North Mankato, MN MSA FMR area is 65,765 people based on latest Census data.

Compared to the rest of Minnesota, the Mankato-North Mankato FMR area is more expensive than 97% of the state.

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.

50^th Percentile Rental Prices: