Cherry Square Apartments

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500 S 2nd St, Mankato, MN 56001
(507) 418-7898
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Cherry Square

500 S 2nd St
Mankato, MN 56001
(507) 418-7898
Cherry Square in Mankato, MN - Building Photo
  • 1–2 Bedrooms
  • $995-$1,295Plus Fees
  • 526–750Square Feet

About Cherry Square

Cherry Square is located in the heart of the downtown entertainment district in Mankato. This one bedroom, one bath apartment has been fully remodeled. Complete with new vinyl flooring, kitchen cabinets, fixtures, and granite countertops, new bathroom vanities, shower surrounds and fixtures, along with new heaters, lighting and ceiling fans in all units. Security building with elevator access and assigned parking. Tenants pay electric (including heat). Water/sewer/garbage, internet and basic cable included in rent. One pet (cat or small dog under 20 pounds) considered with additional deposit and monthly pet fee. 12 month lease preferred, but would consider 6 or 9 month option. Background and credit check, and rental references required, application fee per adult tenant.

Cherry Square is located in the Downtown Mankato Neighborhood and 56001 Zip code of Mankato, MN.

Property Contact Info

Floorplan Pricing and Availability

Cherry Square offers 1 to 2 Bedroom apartments starting from $995 and having 526–750 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    1 Bedroom

    From $995

    1 Bed, 1 Bath, 526 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    From $995Available Now1 Bedroom526 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Security System
    • Smoke Free
    • Sprinkler System
    • Wi-Fi

    Kitchen

    • Freezer
    • Granite Countertops
    • Kitchen
    • Microwave
    • Oven
    • Range
    • Refrigerator

    Model Lease Information

    Model Price Range

    • $995 - $1,025
  • 2 Bedrooms

    2 Bedroom

    $1,295

    2 Beds, 1 Bath, 750 sq ft
    Plus Fees
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,295Available Now2 Bedroom750 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Cable Ready
    • Ceiling Fans
    • Heating
    • High Speed Internet Access
    • Security System
    • Smoke Free
    • Sprinkler System
    • Wi-Fi

    Kitchen

    • Freezer
    • Granite Countertops
    • Kitchen
    • Microwave
    • Oven
    • Range
    • Refrigerator

    Model Lease Information

    Model Price

    • $1,295
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (507) 418-7898 to schedule a tour.

Property Information

  • 3838 Units
  • 3 Stories
  • Built in 1950

Lease Terms

  • 6, 9, or 12 months

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the calculator to add these fees to the base rent.

Required Fees

One-Time Move-In Fees

Due at Application
Application Fee Per Applicant$30

Pet Policy and Fees

Dogs

  • $30 Monthly Pet Rent
  • 20 Lb Weight Limit

2 pets

Cats

  • $30 Monthly Pet Rent
  • 20 Lb Weight Limit

2 pets

Parking Info and Fees

Covered
  • Assigned Parking
Surface Lot
  • Assigned Parking

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

On-Site Services

  • Community Wide Wi Fi
  • Renters Insurance Program
  • Key Fob Entry
  • Laundry Facilities

Community Features

  • Elevator

Outdoor Features

  • Controlled Access

Interior Features

  • Cable Ready
  • Security System
  • Heating
  • Sprinkler System
  • Ceiling Fans
  • High Speed Internet Access
  • Air Conditioning
  • Wi Fi
  • Smoke Free

Kitchen Amenities

  • Range
  • Refrigerator
  • Freezer
  • Oven
  • Microwave
  • Kitchen
  • Granite Countertops

Living Area Features

  • Vinyl Flooring
Google Map

Map

500 S 2nd St, Mankato, MN 56001

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
Monday9:00 am–5:00 pm
Tuesday9:00 am–5:00 pm
Wednesday9:00 am–5:00 pm
Thursday9:00 am–5:00 pm
Friday9:00 am–5:00 pm
SaturdayBy Appointment
SundayBy Appointment

Getting Around

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Frequently Asked Questions about Cherry Square

Where is Cherry Square located?

Cherry Square is located at 500 S 2nd St near the Downtown Mankato area of Mankato, MN

What is the current rent range at Cherry Square?

1 Bedroom to 2 Bedroom Apartments at Cherry Square currently range from $995 to $1,295

When is the leasing office open?

  • The office Hours for Cherry Square are
  • Monday 9:00 am–5:00 pm
  • Tuesday 9:00 am–5:00 pm
  • Wednesday 9:00 am–5:00 pm
  • Thursday 9:00 am–5:00 pm
  • Friday 9:00 am–5:00 pm
  • Saturday By Appointment
  • Sunday By Appointment

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Lifestyle Ratings

  • Affordability Nice Value3.2

    The Cherry Square Apartments are 24.6% cheaper than the average apartment in the Downtown Mankato area, and 24.9% cheaper than the average apartment city-wide.

    Rent Comparison to the Downtown Mankato Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    1 Bedroom$995$1,440-$445-30.9%
    2 Bedroom$1,295$1,586-$291-18.3%

    Rent Comparison to the city of Mankato

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$995$1,452-$457-31.5%
    2 Bedroom$1,295$1,586-$291-18.3%

    Methodology: On 11/16/2025, ApartmentHomeLiving.com compared current rents by floorplan to 47 other apartment communities in the immediate area around Cherry Square (Downtown Mankato), and 172 other apartment communities in Mankato using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 11/16/2025

Learn more about Lifestyle Search

Renters Reviews and Ratings

3.0
1 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
  • Complete Shame!

    October 13, 2019
    My brother just moved into a unit here and I am appalled at the condition! He had to move out of his old place because the building was closing. Due to his work schedule and commute being the bus line, his options were limited. The building itself is an old motel that was converted to apartments. His unit was so filthy dirty upon move it that he couldn't even unpack anything for the kitchen because the cabinets were so nasty. The trim around the door was falling off, the screen for the window ...
    isn't secure, the chain for the front door is barely attached, It appears it was recently painted and there is paint drips all over the flooring, and the previous tenant couldn't disconnect their cable so they just cut the cable so my brother can't even get cable without paying for repairs. And that is just a few of the issues! How is this even legal to rent to someone!!!! This is literally one step away from living on the street! I HAVE to find him some place else to live.
    Read More
    Review from Apartments.com

Nearby Schools

Mankato East Senior High

Mankato Public
2600 Hoffman Road
Public School - Grades 9-12 (1293 Students)
In Attendance Zone4 minute drive / 2.3 miles away
6/10

Prairie Winds Middle School

Mankato Public
1200 Prairie Winds Drive
Public School - Grades 6-8 (954 Students)
In Attendance Zone6 minute drive / 2.9 miles away
5/10

Washington Elementary

Mankato Public
1100 Anderson Drive
Public School - Grades K-5 (376 Students)
In Attendance Zone3 minute drive / 1.3 miles away
9/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Cherry Square.

Big Box and Retail

Walgreens

1705 Commerce Dr
5 minute drive / 1.76 miles away

Autozone

1821 E Madison Ave
6 minute drive / 2.84 miles away

Jcpenney

1850 Adams St
6 minute drive / 2.91 miles away

Colleges and Universities

Minnesota State University - Mankato Campus

South Rd and Ellis Ave
3 minute drive / 1.23 miles away

Groceries

Cub Foods

1800 E Madison Ave
5 minute drive / 2.7 miles away

Hospitals

Mayo Clinic Health System - Mankato

1025 Marsh Street
4 minute drive / 1.35 miles away

Shopping Centers

Riverfront Center

1100-1200 S Riverfront Dr
1 minute drive / 0.36 miles away

Mankato Place

12 Civic Center Plz
1 minute drive / 0.4 miles away

Madison Square

301-313 Madison Ave
3 minute drive / 1.25 miles away

Cherry Square has 5 shopping centers within 1.9 miles.

Nearby Neighborhoods

Studio to 6 Bedroom Apartments from $745
View Rentals
Studio to 6 Bedroom Apartments from $745
View Rentals
Studio to 6 Bedroom Apartments from $745
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Mankato Studio Apartments $941$745$1,215
Mankato 1 Bedroom Apartments $1,452$750$2,146
Mankato 2 Bedroom Apartments $1,586$950$2,396
Mankato 3 Bedroom Apartments $1,841$885$2,830
Mankato 4 Bedroom Apartments $1,689$1,279$1,880

Browse Top Apartments in Mankato

Viewing: Cherry Square | Desktop Version | Listing Updated: 11/10/2025 | AHLSLV