MANKATO, MN
CitySAFMR
Nicollet County
Found 3 ZIPs
BRFMR
Eff. Rent
0 BR$870 – $1,070$970 – $1,020
1 BR$880 – $1,080$980 – $1,030
2 BR$1,060 – $1,290$1,230 – $1,290
3 BR$1,490 – $1,790$1,680 – $1,710
4 BR$1,780 – $2,110$1,770 – $1,980
5 BR$2,312
6 BR$2,658
7 BR$3,057
8 BR$3,516

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 1 ZIP
0.62ratio
FMR$870
Market$1,400
vs market-$530

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 1 ZIP
1.10ratio
FMR$1,070
Market$970
vs market+$100

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1
0.62–1.10
1 BR
1 BR· 1 ZIP
0.62ratio
FMR$880
Market$1,430
vs market-$550

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
1 BR· 1 ZIP
1.10ratio
FMR$1,080
Market$980
vs market+$100

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1
0.62–1.10
2 BR
2 BR· 1 ZIP
0.59ratio
FMR$1,060
Market$1,790
vs market-$730

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
2 BR· 1 ZIP
0.84ratio
FMR$1,290
Market$1,540
vs market-$250

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
0.59–0.84
3 BR
3 BR· 1 ZIP
0.81ratio
FMR$1,490
Market$1,840
vs market-$350

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
3 BR· 1 ZIP
1.07ratio
FMR$1,790
Market$1,680
vs market+$110

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.81–1.07
4 BR
4 BR· 1 ZIP
0.90ratio
FMR$1,780
Market$1,980
vs market-$200

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
4 BR· 1 ZIP
1.19ratio
FMR$2,110
Market$1,770
vs market+$340

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1
0.90–1.19
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by Investment Score (vs area median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for MANKATO, MN (MN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

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