The young centre half had an outstanding season in his first campaign as a Premier League regular.
Mengi joined the newly promoted club after leaving Manchester United, but has not been able to help the club stay out of the relegation zone.
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Speaking about the season, per Luton Today, Mengi said: On a personal note, I'm just very grateful for what Luton have done for me which is even bringing me into this place as given my injury record, I genuinely thought that I wouldn't be given such a big opportunity as I have.
"To play nearly 30 games in the Premier League this season, I'm just so grateful for it.
I've had a very tough couple of years through injuries and just thank God that I've overcome that as there's not much more I can ask for really."