Metro FMR area · MN · HUD FY 2027

Mankato, MN Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Mankato, MN area is $1,230 a month, 18% below the Minnesota average and 30% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 30 ZIP codes range from $1,060 to $1,670.

$1,2302-bedroom FMR+$59 (+5.0%) vs FY 2026
$1,0231-bedroom FMRU.S.: $1,478
$49,200Income for a 2-bedroomat 30% of income
104,282Residents2 counties

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,230/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Mankato, MN FMR	$1,230	$49,200	–
Minnesota average	$1,507	$60,295	–
U.S. average	$1,761	$70,432	–

Mankato, MN Fair Market Rents, FY 2027 vs FY 2026
Unit	Mankato, MN FY 2027	FY 2026	Change	Minnesota avg	U.S. avg	Income needed
Studio	$1,016	$971	+$45 (+4.6%)	$1,102	$1,379	$40,640
1 bedroom	$1,023	$977	+$46 (+4.7%)	$1,231	$1,478	$40,920
2 bedrooms	$1,230	$1,171	+$59 (+5.0%)	$1,507	$1,761	$49,200
3 bedrooms	$1,703	$1,629	+$74 (+4.5%)	$1,980	$2,266	$68,120
4 bedrooms	$1,744	$1,916	−$172 (−9.0%)	$2,243	$2,607	$69,760

Counties in this FMR area

Counties in the Mankato, MN FMR area
County	Residents in area
Blue Earth County, MN	69,871
Nicollet County, MN	34,411

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,070.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Mankato, MN
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
55332	$880	$880	$1,090	$1,470	$1,790	+$30 (+2.8%)	11% below
55334	$880	$880	$1,060	$1,470	$1,730	no change	14% below
55335	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56001	$1,120	$1,120	$1,350	$1,870	$1,910	+$60 (+4.7%)	10% above
56002	$1,070	$1,080	$1,300	$1,800	$1,840	+$70 (+5.7%)	6% above
56003	$880	$890	$1,070	$1,480	$1,730	+$10 (+0.9%)	13% below
56010	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56021	$880	$880	$1,070	$1,470	$1,730	−$80 (−7.0%)	13% below
56024	$1,350	$1,360	$1,630	$2,260	$2,310	+$70 (+4.5%)	33% above
56025	$910	$1,070	$1,320	$1,780	$1,790	−$140 (−9.6%)	7% above
56034	$880	$890	$1,070	$1,480	$1,730	+$10 (+0.9%)	13% below
56037	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56041	$880	$920	$1,200	$1,470	$1,920	+$60 (+5.3%)	2% below
56048	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56050	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56054	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56055	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56058	$880	$880	$1,100	$1,520	$1,730	+$30 (+2.8%)	11% below
56060	$880	$930	$1,120	$1,470	$1,730	+$60 (+5.7%)	9% below
56062	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56063	$880	$880	$1,070	$1,470	$1,730	−$110 (−9.3%)	13% below
56065	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56068	$880	$990	$1,180	$1,610	$1,730	+$120 (+11.3%)	4% below
56073	$880	$880	$1,110	$1,470	$1,760	+$50 (+4.7%)	10% below
56074	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56078	$1,320	$1,360	$1,670	$2,280	$2,320	+$130 (+8.4%)	36% above
56080	$880	$880	$1,060	$1,470	$1,730	no change	14% below
56082	$920	$930	$1,120	$1,550	$1,730	+$10 (+0.9%)	9% below
56088	$880	$1,030	$1,240	$1,610	$1,730	+$180 (+17.0%)	1% above
56090	$980	$990	$1,190	$1,650	$1,770	−$10 (−0.8%)	3% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.