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$685 - $975
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Jul 31Village Place Apartments of Mankato
100-104 Thomas DrMankato, MN 56001
Cheap Apartments for Rent in Mankato, MN from $500 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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Rent Specials
$750 - $1,980
Total Monthly Price12 Month Lease Term
Studio to 5 Bedroom Apartments Available Jun 15Total Monthly Price
Base Rent
$750 - $1,980
Total Monthly Price
$750 - $1,980
Highland Hills Apartments
1340 Warren StMankato, MN 56001
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$800
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jul 8Total Monthly Price
Base Rent
$800
Total Monthly Price
$800
609 S Broad St, Unit 1
609 S Broad StMankato, MN 56001
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Rent Specials
$880 - $985
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Aug 1Glenwood Terrace
107-115 Parkway AveMankato, MN 56001
222 1/2 W 6th St.
222 1/2 W 6th St
MankatoMN56001
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$900 - $1,000
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowValley View Apartments
450-470 James AveMankato, MN 56001
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$925
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$925
Total Monthly Price
$925
505 S 4th St, Unit 2
505 S 4th StMankato, MN 56001
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$935 - $1,145
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$935 - $1,145
Total Monthly Price
$935 - $1,145
403 Riverfront N Dr
403 Riverfront N DrMankato, MN 56001
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$975
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Aug 15Total Monthly Price
Base Rent
$975
Total Monthly Price
$975
214 Van Brunt St
214 Van Brunt StMankato, MN 56001
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$990
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$990
Total Monthly Price
$990
909 S Front St, Unit 3
909 S Front StMankato, MN 56001
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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$995 - $1,195
Plus Fees
1 to 2 Bedroom Apartments Available Jun 11Cherry Square
500 S 2nd StMankato, MN 56001
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$995
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCherry Ridge Apartments
101 Glenwood AveMankato, MN 56001
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$1,000 - $2,400
Plus Fees12 Month Lease Term
1 to 5 Bedroom Apartments Available NowHuntington Hills Apartments & Townhomes
744 James AveMankato, MN 56001
120 S 4th St
MankatoMN56001
224 Carroll St
MankatoMN56001
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$1,045 - $1,125
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityGray Hawk Apartments
160-180 Homestead RdMankato, MN 56001
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$1,070 - $1,690
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,055 - $1,675
Required Monthly Fees
$15
Total Monthly Price
$1,070 - $1,690
Woodside Apartments
161-351 E Roosevelt CirMankato, MN 56001
325 E Plum St
MankatoMN56001
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$1,100
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$1,100
Total Monthly Price
$1,100
118 Van Brunt St, Unit 2
118 Van Brunt StMankato, MN 56001
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$1,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,100
Total Monthly Price
$1,100
Pfau Reed Apartments
610-620 Reed StMankato, MN 56001
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Rent Specials
$1,100 - $1,330
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,070 - $1,300
Required Monthly Fees
Varies
Total Monthly Price
Varies
River Bluff Apartments
405 N 5th StMankato, MN 56001
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$1,100
Plus Fees12 Month Lease Term
Studio Apartments Contact Us For AvailabilitySkyway Properties LLC
507 N Riverfront DrMankato, MN 56001
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$1,114 - $1,364
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowSouthwood Flats
520 James AveMankato, MN 56001
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$1,120 - $1,899
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,120 - $1,899
Total Monthly Price
$1,120 - $1,899
Augusta Park Estates
1690 Premier DrMankato, MN 56001
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Rent Specials
$1,130 - $1,330
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,100 - $1,300
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Edge Apartments
1902 Warren StMankato, MN 56001
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$1,131 - $1,167
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,101 - $1,137
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Alma
105 E Walnut StMankato, MN 56001
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$1,1373 Bedroom Apartments Available Jun 15
121 Ahlstrom Rd, Unit #2
121 Ahlstrom RdMankato, MN 56001
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$1,175
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,175
Total Monthly Price
$1,175
500 Belle Ave, Unit 1
500 Belle AveMankato, MN 56001
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$1,195
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,195
Total Monthly Price
$1,195
328 N 6th St, Unit 328 N 6th St. 2
328 N 6th StMankato, MN 56001
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$1,200
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
101 S Broad St, Unit 1
101 S Broad StMankato, MN 56001
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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$1,200
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
120 Locust St, Unit 5 Upper
120 Locust StMankato, MN 56001
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$1,200
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
1325 Fair Street, Unit #4
1325 Fair StreetMankato, MN 56001
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1 to 2 Bedroom Apartments
Lewis Lofts
209 Dewey StMankato, MN 56001
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Studio to 2 Bedroom Apartments
404 S 4th St
404 S 4th StMankato, MN 56001
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1 to 3 Bedroom Apartments
Eastport Apartments
1001 Eastport DrMankato, MN 56001
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1 to 2 Bedroom Apartments
Parkway
101-103 Parkway AveMankato, MN 56001
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Studio to 2 Bedroom Apartments
River Bluff Suites
123 N 4th StMankato, MN 56001
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1 to 3 Bedroom Apartments
Sinclair Flats
210 Dewey LnMankato, MN 56001
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1 to 3 Bedroom Apartments
Rosa Place Apartments II
875 Heron drMankato, MN 56001
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1 to 3 Bedroom Apartments
Rosa Place
510 Timberwolf DrMankato, MN 56001
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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1 to 3 Bedroom Apartments
The Preserve Apartments
240 Jaycee CtMankato, MN 56001
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1 to 2 Bedroom Apartments
Hilltop Lane Apartments
50 Hilltop LnMankato, MN 56001
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2 to 3 Bedroom Apartments
Colette Townhomes
428 Commodore DrMankato, MN 56001
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2 Bedroom Apartments
Knollcrest
120-122 Knollcrest DrMankato, MN 56001
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1 to 2 Bedroom Apartments
Meadow Rivers Apartments
1251-1261 Pohl RdMankato, MN 56001
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1 to 2 Bedroom Apartments
Echo Rivers
115 Echo StMankato, MN 56001
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Studio to 2 Bedroom Apartments
107 S 5th St
107 S 5th StMankato, MN 56001
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2 Bedroom Apartments
Rita Road
188-192 Rita RdMankato, MN 56001
815 N 4th St
MankatoMN56001
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4 Bedroom Apartments
Maverick Heights
1522 Warren StMankato, MN 56001
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.
Mankato, MN Local Guide
How much does it cost to rent an apartment in Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Mankato Studio Apartments | $1,086 | $750 | $1,315 |
| Cheap Mankato 1 Bedroom Apartments | $1,342 | $800 | $2,120 |
| Cheap Mankato 2 Bedroom Apartments | $1,486 | $925 | $2,370 |
| Cheap Mankato 3 Bedroom Apartments | $1,770 | $1,080 | $2,794 |
| Cheap Mankato 4 Bedroom Apartments | $1,980 | $1,780 | $2,080 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Mankato
See all Apartments in MankatoExplore Mankato
Mankato, MN Local Guide
- Mankato Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 06/10/2026Current apartment rentals in the Mankato, MN area range in price from $750 to $2,794 with an overall median price of $2,345. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $875, The Prairie at $800, and City Center Mankato at $750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Mankato Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North Industrial Mankato | $1,530 | $875 | 46 |
| The Prairie | $2,367 | $800 | 75 |
| City Center Mankato | $2,400 | $750 | 123 |
| East Mankato | $2,400 | $750 | 136 |
| Erlandson Park | $2,400 | $750 | 142 |
| Five Corners | $2,400 | $750 | 130 |
| Lincoln Park | $2,400 | $750 | 125 |
| Riverfront Park | $2,400 | $750 | 128 |
| Sibley Park | $2,400 | $750 | 102 |
| University | $2,400 | $750 | 96 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at 442 Belgrade Ave in the City Center Mankato neighborhood priced from $835. Lewis Lofts in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Hoover Estates | 2/1 | 2BR,1BA | $1,065 |
| River Bluff Apartments | Two Bedroom | 2BR,1BA | $1,100 |
Best Value Apartments for Rent in Mankato, MN
As of June 10, 2026 the best value apartment in the Mankato area is the $1.04 price per square foot 508 S 4th St Model at 508 S 4th St, Unit Unit #1 in the in the University neighborhood starting from $2,600. The second greatest value Mankato apartment is the Fox Run Townhomes Model at Fox Run Townhomes starting at $1,995 with a $1.13 price per square foot in the City Center Mankato neighborhood. Here is today’s list of the best values for Mankato apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 508 S 4th St, Unit Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| Fox Run Townhomes | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| 328 N 6th St, Unit 328 N 6th St. Unit 2 | 328 N 6th St | 3BR,1BA | $1.06 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
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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Best Local Schools in Mankato, MN
Prairie Winds Middle School
Mankato Public School District
Public School - Grades 6-8 (954)
5 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mankato, MN Rentals by Map
See the most popular apartments and homes in Mankato, MN
Frequently Asked Questions about Cheap Mankato Apartments
What is the price of a cheap apartment in Mankato?
The cheapest apartment in Mankato is 442 Belgrade Ave which is listed at $835, while the average apartment in Mankato costs $2,345.
What types of apartments are the cheapest in Mankato?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 198 regular apartments in Mankato that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Mankato?
Cheap apartments in Mankato have an average cost of $499 which is $1,846 cheaper than the average rent for all rentals in Mankato.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.