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$750 - $1,980
Plus Fees12 Month Lease Term
Studio to 5 Bedroom Apartments Contact Us For AvailabilityHighland Hills Apartments
1340 Warren StMankato, MN 56001
Cheap Apartments for Rent in Mankato, MN from $500 (71 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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Rent Specials
$880 - $985
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowGlenwood Terrace
107-115 Parkway AveMankato, MN 56001
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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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$920
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$920
Total Monthly Price
$920
305 1/2 Elm St, Unit 305.5, Unit 305.5
305 1/2 Elm StMankato, MN 56001
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$950
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$950
Total Monthly Price
$950
717 N 2nd St, Unit 4, Unit 4
717 N 2nd StMankato, MN 56001
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$975
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$975
Total Monthly Price
$975
141 E Welcome Ave, Unit M Hanson Prop., Unit M Hanson Prop.
141 E Welcome AveMankato, MN 56001
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$995 - $1,295
Plus Fees
1 to 2 Bedroom Apartments Available NowCherry Square
500 S 2nd StMankato, MN 56001
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$1,000 - $1,050
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Apr 30Village Place Apartments of Mankato
100-104 Thomas DrMankato, MN 56001
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$1,000 - $2,250
Plus Fees12 Month Lease Term
1 to 4 Bedroom Apartments Available NowHuntington Hills Apartments & Townhomes
744 James AveMankato, MN 56001
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$1,025
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,025
Total Monthly Price
$1,025
612 N 4th St
612 N 4th 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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$1,025 - $1,175
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartment Available May 1Total Monthly Price
Base Rent
$1,025 - $1,175
Total Monthly Price
$1,025 - $1,175
500 Belle Ave
500 Belle AveMankato, MN 56001
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$1,030 - $1,530
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,000 - $1,500
Required Monthly Fees
Varies
Total Monthly Price
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River Bluff Apartments
405 N 5th StMankato, MN 56001
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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
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$1,080 - $1,330
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Jun 5Total Monthly Price
Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Edge Apartments
1902 Warren StMankato, MN 56001
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$1,095
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCherry Ridge Apartments
101 Glenwood AveMankato, MN 56001
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$1,095
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$1,095
Total Monthly Price
$1,095
407 Glenwood Ave, Unit 2, Unit 2
407 Glenwood AveMankato, MN 56001
921 N Riverfront Dr, Unit 1, Unit 1
921 N Riverfront Dr
MankatoMN56001
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$1,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,100
Total Monthly Price
$1,100
429 State St, Unit 203, Unit 203
429 State 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
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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$1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowRita Road
188-192 Rita RdMankato, 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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$1,131
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,101
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Alma
105 E Walnut StMankato, MN 56001
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$1,200 - $1,400
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available May 1Total Monthly Price
Base Rent
$1,200 - $1,400
Total Monthly Price
$1,200 - $1,400
220 State St
220 State StMankato, MN 56001
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$1,200
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,200
Total Monthly Price
$1,200
313 E Rock St, Unit 2, Unit 2
313 E Rock StMankato, MN 56001
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$1,200
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
320 E Hickory St, Unit 1, Unit 1
320 E Hickory StMankato, MN 56001
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$1,200
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available May 1Total Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
1325 Fair Street, Unit #4, Unit #4
1325 Fair StreetMankato, MN 56001
142 Bunting Ln
MankatoMN56001
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Rent Specials
$1,214 - $1,689
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,175 - $1,650
Required Monthly Fees
$39
Total Monthly Price
$1,214 - $1,689
Legacy Park Estates
100 Dublin CtMankato, 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.
109 Florence St
MankatoMN56001
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$1,275
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$1,275
Total Monthly Price
$1,275
422 Commodore Dr, Unit 424, Unit 424
422 Commodore DrMankato, MN 56001
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$1,275
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$1,275
Total Monthly Price
$1,275
1428 N 4th St, Unit #1, Unit #1
1428 N 4th StMankato, MN 56001
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$1,300 - $1,800
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiverfront Court
115 S Riverfront DrMankato, MN 56001
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$1,300 - $1,500
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowCardinal Creek Apartments
111 Redtail CtMankato, 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
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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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
326 E Washington St
MankatoMN56001
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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
325 E Washington St
MankatoMN56001
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1 to 2 Bedroom Apartments
Meadow Rivers Apartments
1251-1261 Pohl RdMankato, MN 56001
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,105 | $750 | $1,315 |
| Cheap Mankato 1 Bedroom Apartments | $1,329 | $725 | $2,120 |
| Cheap Mankato 2 Bedroom Apartments | $1,530 | $950 | $2,370 |
| Cheap Mankato 3 Bedroom Apartments | $1,809 | $1,095 | $2,794 |
| Cheap Mankato 4 Bedroom Apartments | $2,176 | $1,780 | $2,400 |
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
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- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 04/26/2026Current apartment rentals in the Mankato, MN area range in price from $750 to $2,794 with an overall median price of $2,181. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $850, City Center Mankato at $750, and Erlandson Park 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 | $1,598 | $850 | 76 |
| City Center Mankato | $2,135 | $750 | 104 |
| Erlandson Park | $2,135 | $750 | 122 |
| Riverfront Park | $2,135 | $750 | 114 |
| Washington Park | $2,135 | $750 | 113 |
| Downtown Mankato | $2,250 | $750 | 103 |
| East Mankato | $2,250 | $750 | 114 |
| Five Corners | $2,250 | $750 | 114 |
| Lincoln Park | $2,250 | $750 | 103 |
| Sibley Park | $2,250 | $750 | 82 |
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. Sinclair Flats in the University neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $839. 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 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $839 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Mankato, MN
As of April 26, 2026 the best value apartment in the Mankato area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Mankato apartment is the 101 Eagle Path Model at 101 Eagle Path, Unit 1 starting at $1,275 with a $1.16 price per square foot . 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. |
|---|---|---|---|
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| 101 Eagle Path, Unit 1 | 101 Eagle Path | 2BR,1BA | $1.16 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.09 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| 320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.20 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $0.89 |
| 305 1/2 Elm St, Unit 305.5 | 305 1/2 Elm St | 1BR,1BA | $1.02 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.12 |
| 329 Belgrade Ave, Unit 2 | 329 Belgrade Ave | 1BR,1BA | $1.06 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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How much rent can you afford?
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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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 $2,181.
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 222 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 $718 which is $1,463 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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.