What is the median rent in North Mankato, MN?

Name: Median rent in North Mankato, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in North Mankato, MN is $973 (±$35) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 1,736 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In North Mankato, the median gross rent went from $818 in 2015–2019 to $973 in 2020–2024 (+18.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $973 (±$35)
Rented homes: 1,736 (±257)
$2,000 or more: 2.9%
Since 2015–2019: +18.9%

How much rent costs in North Mankato

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	North Mankato	Nicollet County	Minnesota	United States
Less than $500	5.1% (±2.7 points)	6.2%	8.4%	6.3%
$500 to $999	51.7% (±9.0 points)	50.3%	21.5%	20.2%
$1,000 to $1,499	34.0% (±7.8 points)	33.7%	33.6%	28.1%
$1,500 to $1,999	6.3% (±4.6 points)	6.0%	21.4%	21.1%
$2,000 to $2,499	1.6% (±2.1 points)	2.0%	9.2%	12.0%
$2,500 to $2,999	1.3% (±2.2 points)	1.9%	3.0%	5.5%
$3,000 or more	0.0% (±1.3 points)	0.0%	3.0%	6.8%

The most common range is $500 to $999, paid by 51.7% of renting households.

2.9% of rented homes in North Mankato cost $2,000 or more a month.

North Mankato against Nicollet County, its state and the nation

Estimate (90% margin of error)
	North Mankato	Nicollet County	Minnesota	United States
Median gross rent	$973 (±$35)	$970 (±$26)	$1,280 (±$7)	$1,413
Rented homes paying rent	1,736 (±257)	3,473 (±284)	614,257 (±4,397)	42,849,984

In North Mankato, median gross rent is not measurably different from Nicollet County ($970).

It is also lower than in Minnesota ($1,280).

It is lower than the national figure ($1,413).

In Nicollet County, North Mankato ranks 8 of 11 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 656 of 1,347.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in North Mankato has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$818 (±$42)	$973 (±$35)	+18.9%	No measurable change after inflation
Households that rent	28.1% (±2.5 points)	30.3% (±4.2 points)	+2.2 percentage points	Not a measurable change
Rental vacancy rate	8.6% (±5.3 points)	4.6% (±5.2 points)	−4.0 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near North Mankato

Nearest places with a published estimate, compared with North Mankato
Place	Distance	Median gross rent	Compared with this place
North Mankato	—	$973 (±$35)	—
Belgrade Township	2.7 mi	$1,393 (±$50)	Higher
Mankato	3.3 mi	$1,132 (±$57)	Higher
South Bend Township	3.9 mi	$1,155 (±$185)	Not measurably different
Lime Township	5.0 mi	$1,033 (±$379)	Not measurably different
Mankato Township	6.5 mi	$1,317 (±$187)	Higher
Eagle Lake	8.0 mi	$1,403 (±$63)	Higher
Kasota	8.4 mi	$692 (±$141)	Lower
Rapidan Township	8.8 mi	$906 (±$64)	Not measurably different

Nearby places with a measurably lower figure: Kasota, MN ($692).

Nearby places with a measurably higher figure: Belgrade Township, MN ($1,393), Mankato, MN ($1,132), Mankato Township, MN ($1,317).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Nicollet County, place by place

Rank	Place	Median gross rent
2	New Sweden Township	$1,646 (±$663)
3	Belgrade Township	$1,393 (±$50)
4	West Newton Township	$1,125 (±$1,024)
5	Courtland	$1,066 (±$570)
6	Lafayette	$980 (±$158)
7	Lake Prairie Township	$975 (±$580)
8	North Mankato	$973 (±$35)
9	St. Peter	$961 (±$46)
10	Nicollet	$855 (±$67)
11	Lafayette Township	$814 (±$128)

Showing 10 of 11 places in Nicollet County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in North Mankato

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near North Mankato, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for North Mankato beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near North Mankato, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about North Mankato

What is the average rent in North Mankato, MN?

The Census Bureau publishes the median rather than the average: the median gross rent in North Mankato is $973 (±$35) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in North Mankato?

In North Mankato, the median gross rent went from $818 in 2015–2019 to $973 in 2020–2024 (+18.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in North Mankato cost more than $2,000 a month?

2.9% of rented homes in North Mankato have a gross rent of $2,000 or more a month, and 5.1% cost less than $500.

Is rent in North Mankato higher than in Nicollet County?

In North Mankato, median gross rent is not measurably different from Nicollet County ($970).

It is also lower than in Minnesota ($1,280).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for North Mankato city, Minnesota (place:47068, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.