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$750 - $1,880
Plus Fees12 Month Lease Term
Studio to 4 Bedroom Apartments Available NowHighland Hills Apartments
1340 Warren StMankato, MN 56001
Cheap Apartments for Rent in Mankato, MN from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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$750
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jan 1, 2026Total Monthly Price
Base Rent
$750
Total Monthly Price
$750
930 N 5th St, Unit 3
930 N 5th StMankato, MN 56001
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$800
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$800
Total Monthly Price
$800
1027 N Broad St, Unit Apt 3
1027 N Broad 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.
318 E Walnut St
MankatoMN56001
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$845
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Oct 1Total Monthly Price
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$845
Total Monthly Price
$845
528 N 6th St, Unit .5
528 N 6th StMankato, MN 56001
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$874 - $1,174
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowSouthwood Flats
520 James AveMankato, MN 56001
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$895
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Oct 1Total Monthly Price
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$895
Total Monthly Price
$895
107 E Liberty St, Unit 3
107 E Liberty StMankato, MN 56001
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$900 - $950
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowValley View Apartments
450-470 James AveMankato, 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.
408 W 2nd St
MankatoMN56001
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The 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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$875 - $1,000
Plus Fees
1 to 2 Bedroom Apartments Available NowCommerce Apartments
1621-1633 Commerce DrNorth Mankato, MN 56003
Showing Results 1-20, Page 1 of 1
Mankato, MN Local Guide
Bison cooling off at Minneopa State Park by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent an apartment in Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Mankato Studio Apartments | $925 | $750 | $1,100 |
| Cheap Mankato 1 Bedroom Apartments | $1,273 | $750 | $2,095 |
| Cheap Mankato 2 Bedroom Apartments | $1,426 | $845 | $2,050 |
| Cheap Mankato 3 Bedroom Apartments | $1,567 | $1,250 | $2,095 |
| Cheap Mankato 4 Bedroom Apartments | $1,649 | $1,379 | $1,880 |
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: 09/10/2025Current apartment rentals in the Mankato, MN area range in price from $750 to $2,135 with an overall median price of $2,003. The three Mankato neighborhoods with the lowest median rent pricing are West Mankato at $824, Sibley Park at $750, and North Industrial 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 |
|---|---|---|---|
| West Mankato | $1,475 | $824 | 24 |
| Sibley Park | $1,600 | $750 | 80 |
| North Industrial Mankato | $1,625 | $750 | 74 |
| City Center Mankato | $2,135 | $750 | 107 |
| Downtown Mankato | $2,135 | $750 | 108 |
| East Mankato | $2,135 | $750 | 122 |
| Erlandson Park | $2,135 | $750 | 135 |
| Five Corners | $2,135 | $750 | 135 |
| Lincoln Park | $2,135 | $750 | 108 |
| Riverfront Park | $2,135 | $750 | 134 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a Studio unit found at Highland Hills Apartments in the University neighborhood priced from $750. Sinclair Flats in the University neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $838. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Hills Apartments | Studio | Studio,1BA | $750 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $838 |
| Southwood Flats | 1 Bed, 1 Bath (original) | 1BR,1BA | $874 |
| Valley View Apartments | One Bedroom | 1BR,1BA | $900 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
Best Value Apartments for Rent in Mankato, MN
As of September 11, 2025 the best value apartment in the Mankato area is the $0.95 price per square foot 2 bedrooms & 1 loft Model at Sibley Parkway Crossing in the in the University neighborhood starting from $1,900. The second greatest value Mankato apartment is the 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes starting at $2,095 with a $1.19 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. |
|---|---|---|---|
| Sibley Parkway Crossing | 2 bedrooms & 1 loft | 2BR,2.5BA | $0.95 |
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Timberwolf Townhomes | Three Bedroom | 3BR,2.5BA | $1.20 |
| Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
| 704 N 2nd St, Unit 1 | 704 N 2nd St | 2BR,1BA | $0.76 |
| 206 W 9th St, Unit Upper | 206 W 9th St | 2BR,1BA | $1.19 |
| 1027 N Broad St, Unit Apt 3 | 1027 N Broad St | 1BR,1BA | $0.80 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
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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
Getting Around Mankato, MN
Walk Score®
46 / 100
Car-Dependent
Most errands require a car
Bike Score®
57 / 100
Bikeable
Some bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Mankato Apartments
What is the price of a cheap apartment in Mankato?
The cheapest apartment in Mankato is Southwood Flats which is listed at $874, while the average apartment in Mankato costs $2,003.
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 252 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 $914 which is $1,089 cheaper than the average rent for all rentals in Mankato.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.