Cheap Apartments for Rent near Mankato, KS from $500 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mankato.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Abilene Plaza
1 to 2 Bedroom Apartments

Abilene Plaza

510 NW 2nd StAbilene, KS 67410
  • Utilities Included
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Pony Run
1 to 3 Bedroom Apartments

Pony Run

211 S 17th StMarysville, KS 66508
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Golden Ridge
1 to 2 Bedroom Apartments

Golden Ridge

1708 NW 17th StAbilene, KS 67410
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Hickory Hills Residences
2 to 3 Bedroom Apartments

Hickory Hills Residences

2610 Strauss BlvdJunction City, KS 66441
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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611 Tri-Plex
2 to 4 Bedroom Apartments

611 Tri-Plex

611 W 25th StKearney, NE 68845
Student Housing
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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535 Flats
Studio to 4 Bedroom Apartments

535 Flats

535 N Minden AveMinden, NE 68959
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Iron Horse Flats
Studio to 3 Bedroom Apartments

Iron Horse Flats

201 West AveHoldrege, NE 68949
Corporate Housing
Showing Results 1-27, Page 1 of 1

Mankato, KS Local Guide

Cheapest Available Mankato Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mankato, KS is a 1 Bed unit found at The Residences at Liberty Campus priced from $700. Old Walnut has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here is today’s list of the most affordable Mankato apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Residences at Liberty Campus1/11BR,1BA$700
Old WalnutStudioStudio,1BA$745
The Bluffs (KS)StudioStudio,1BA$750
LongLeaf Apartments1 Bedroom1BR,1BA$750
Quinton Point ApartmentsThree Bedroom3BR,2BA$950
HANGAR 55 AT THEATRE DISTRICTTetonStudio,1BA$965
The Sterling Apartments at Grand IslandBristol Garden LevelStudio,1BA$1,049
Talon ApartmentsThe Phillips (Lakeside)1BR,1BA$1,049
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1,050
Pioneer Trail FlatsThe Napa1BR,1BA$1,075

Best Value Apartments for Rent in Mankato, KS and Nearby

As of July 29, 2026 the best value apartment in the Mankato area is the $1.15 price per square foot The Meadow Model at Patriot Pointe in the starting from $1,420. The second greatest value Mankato apartment is the Three Bedroom Model at Quinton Point Apartments starting at $950 with a $0.81 price per square foot . Here is today’s list of the best values for Mankato apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Patriot PointeThe Meadow2BR,2.5BA$1.15
Quinton Point ApartmentsThree Bedroom3BR,2BA$0.81
The Reserves at Prairie GlenThree Bedroom Two Bath3BR,2BA$1.10
Residences at Oak Pointe2 Bed, 2 Bath2BR,2BA$1.27
Heartland FlatsWillow2BR,2BA$1.19
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1.01
Cedar Ridge2 Bed 2 Bath2BR,2BA$1.20
The Residences at Liberty Campus2/12BR,1BA$1.13
LongLeaf Apartments1 Bedroom1BR,1BA$1.06
The Bluffs (KS)StudioStudio ,1BA$1.15

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Mankato, KS Rentals by Map

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See the most popular apartments and homes in Mankato, KS

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Frequently Asked Questions about Cheap Mankato Apartments

What is the Cheapest Studio apartment in Mankato?

Currently the most affordable Cheap Studio Apartment in Mankato is at Old Walnut listed at $745.

How much is rent for a Cheap One Bedroom Mankato Apartment?

The lowest price for a Cheap One Bedroom Mankato Apartment is $675 at Burlington Place.

What is the lowest price for a Cheap Two Bedroom Mankato Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mankato is starting from $900 at LongLeaf Apartments.

What is the most affordable Mankato Three Bedroom Apartment?

The best deal on a cheap Mankato Three Bedroom Apartment rental is at Quinton Point Apartments and starts from $950.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.