ZIP Code · MN

ZIP 56093

Part of Waseca, MN

Pop. 12,672·Waseca County·121st most expensive ZIP in Minnesota

Median rent (all units)

$1,060/mo

Year-over-Year

-2.8%

Month-over-Month

-2.8%

vs US Median

-$872

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 56093 · $1,060

More affordable than 94% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$810

1 BR

$810

2 BR

$1,060

3 BR

$1,410

4 BR+

$1,750

Research median

$1,060/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: April 19, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($73,038) is $1,826 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,750).

From Zillow's monthly rent index (ZORI) for ZIP 56093. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,720/yr

At $1,060/mo median

Location

CityWaseca

StateMN

CountyWaseca County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 2.8% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-2.8% YoY, -2.8% MoM), not inventory.

Demographics

Who lives here

ZIP 56093 (Waseca, MN) is majority owner-occupied, 19.6% of residents hold a bachelor's degree or higher.

Population

12,672

Median income

$73,038

Median age

39.7

Renters

22.5%

Age distribution

23.7%

19.6%

27.5%

17.5%

Under 1823.7%

18–3419.6%

35–5427.5%

55–6411.7%

65+17.5%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

90.6%

White90.6%

Black1.3%

Hispanic8.7%

Asian2.4%

Education (25+)

36.4%

36.8%

19.6%

No HS diploma7.2%

HS diploma36.4%

Some college36.8%

Bachelor's+19.6%

Housing tenure

77.5%

22.5%

Owner77.5%

Renter22.5%

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

2021 vs 2026

How ZIP 56093 in Waseca, MN has changed in 5 years

Income

$66,125 → $73,038

up 10.5%

Population

12,740 → 12,672

down 0.5%

Renter share

21.6% → 22.5%

+0.9 pts

Bachelor's+

21.5% → 19.6%

-1.9 pts

Census figures show median household income at $73,038 today, compared with $66,125 five years earlier.

Community

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Local insights

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About renting in ZIP 56093

Last updated: April 19, 2026

ZIP code 56093 covers Waseca, MN. The median rent here is $1,060/mo as of April 2026. A 1-bedroom rents for a median of $810/mo. A 2-bedroom rents for a median of $1,060/mo.

At 17% of local median household income ($73,038/yr), ZIP 56093 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 56093?

To keep rent at or below 30% of gross income, you would need to earn at least $42,000/year (about $20/hour full-time) to afford the median rent of $1,060/mo in ZIP 56093. The local median household income is $73,038/yr, so the typical household meets that bar.