Rent Tracker
Rent Inflation in Mankato, MN
The average asking rent in Mankato, MN is $1,184/month as of 2026-08. That is +4.3% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,184/mo
as of 2026-08
Year-over-Year Change
+4.3%
24-Month Rent Trend
Monthly ZORI index values for Mankato, MN.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,184 | +2.25% |
| 2026-07 | $1,158 | -1.28% |
| 2026-06 | $1,173 | -1.01% |
| 2026-05 | $1,185 | -1.90% |
| 2026-04 | $1,208 | +1.09% |
| 2026-03 | $1,195 | -1.57% |
| 2026-02 | $1,214 | -0.82% |
| 2026-01 | $1,224 | +0.91% |
| 2025-12 | $1,213 | +4.21% |
| 2025-11 | $1,164 | +2.37% |
| 2025-10 | $1,137 | +0.00% |
| 2025-09 | $1,137 | +0.18% |
| 2025-08 | $1,135 | +0.62% |
| 2025-07 | $1,128 | +0.98% |
| 2025-06 | $1,117 | -0.27% |
| 2025-05 | $1,120 | +0.18% |
| 2025-04 | $1,118 | +0.36% |
| 2025-03 | $1,114 | +0.54% |
| 2025-02 | $1,108 | -0.45% |
| 2025-01 | $1,113 | +0.54% |
| 2024-12 | $1,107 | +0.64% |
| 2024-11 | $1,100 | +5.06% |
| 2024-10 | $1,047 | +0.48% |
| 2024-09 | $1,042 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices