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ZIP Code · MN

ZIP 56001

Part of Mankato, MN
Pop. 51,585·Blue Earth County·115th most expensive ZIP in Minnesota
Median rent (all units)
$1,241/mo
Year-over-Year
-1.9%
Month-over-Month
-8.4%
vs US Median
-$724
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 56001 · $1,241
More affordable than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,070
1 BR
$1,080
2 BR
$1,290
3 BR
$1,790
4 BR+
$2,110
Research median
$1,290/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$14,892/yr
At $1,241/mo median
Location
StateMN
CountyBlue Earth County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 1.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-1.9% YoY, -8.4% MoM), not inventory.
Demographics

Who lives here

ZIP 56001 (Mankato, MN) is roughly split between renters and owners, skews toward younger working-age adults, 35.5% of residents hold a bachelor's degree or higher.

Population
51,585
Median income
$69,531
Median age
28.5
Renters
45.9%
Age distribution
17.7%
39.7%
20.2%
13.9%
Under 1817.7%
18–3439.7%
35–5420.2%
55–648.5%
65+13.9%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
83.3%
White83.3%
Black6.2%
Hispanic5%
Asian3%
Other2.4%
Education (25+)
23%
35.3%
35.5%
No HS diploma6.2%
HS diploma23%
Some college35.3%
Bachelor's+35.5%
Housing tenure
54.1%
45.9%
Owner54.1%
Renter45.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 56001 in Mankato, MN has changed in 5 years

Income
$59,759 → $69,531
up 16.4%
Population
50,206 → 51,585
up 2.7%
Renter share
43.5% → 45.9%
+2.4 pts
Bachelor's+
38.8% → 35.5%
-3.3 pts

On the earnings side, the typical household in ZIP 56001 in Mankato, MN now reports about $69,531, up from $59,759 in 2021. Census counts show ZIP 56001 in Mankato, MN adding about 1,379 residents over the five-year window, up 2.7% on net. The renter share has risen from 43.5% to 45.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 38.8% to 35.5% across the same window.

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Local insights

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About renting in ZIP 56001

Last updated: July 20, 2026

ZIP code 56001 covers Mankato, MN. The median rent here is $1,241/mo as of July 2026. A 1-bedroom rents for a median of $1,080/mo. A 2-bedroom rents for a median of $1,290/mo.

At 21% of local median household income ($69,531/yr), ZIP 56001 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 56001?

As of July 20, 2026, the median monthly rent in ZIP 56001 (Mankato, MN) is $1,241. This is based on aggregated data from public sources and community submissions.

How does ZIP 56001 rent compare to the US average?

ZIP 56001's median rent of $1,241/mo is $724 (37%) below the US national median of $1,965/mo.

How does ZIP 56001 compare to other ZIPs in Minnesota?

ZIP 56001 is among the more affordable ZIP codes in Minnesota, ranking #115 out of 123 ZIPs at $1,241/mo.

How much income do you need to rent in ZIP 56001?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,241/mo in ZIP 56001. The local median household income is $69,531/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 56001?

Rent in ZIP 56001 has decreased 1.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 56001 an affordable place to rent?

ZIP 56001 is considered very affordable for renters. At $1,241/mo, rent takes approximately 21% of the local median household income ($69,531/yr). The standard benchmark is 30%. ZIP 56001 falls comfortably within that range.

What percentage of ZIP 56001 residents rent vs. own?

According to Census data, approximately 45.9% of ZIP 56001 households are renters, while 54.1% are owner-occupied. ZIP 56001 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 56001 compare to the rest of Mankato?

ZIP 56001 is pricier than Mankato as a whole. At $1,241/mo, it's $9 above the Mankato citywide median of $1,232/mo.

When was rent data for ZIP 56001 last updated?

Rent data for ZIP 56001 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,241/mo, rent takes ~21% of ZIP 56001's median household income ($69,531/yr). The standard benchmark is 30%.

ZIP 56001 21%Benchmark 30%
State income tax5.35–9.85%
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Public schools near ZIP 56001 (Mankato, MN)

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