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$451 - $1,182
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityLewis Lofts
209 Dewey StMankato, MN 56001
Cheap Apartments for Rent in Mankato, MN from $400 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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$700
Total Monthly Price8 Month Lease Term
4 Bedroom Apartment Available Dec 12Total Monthly Price
Base Rent
$700
Total Monthly Price
$700
640 Timberwolf Dr, Unit 104
640 Timberwolf DrMankato, MN 56001
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$750
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Feb 1, 2026Total Monthly Price
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$750
Total Monthly Price
$750
505 S 4th St, Unit 3
505 S 4th StMankato, MN 56001
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$750
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jan 1, 2026Total Monthly Price
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$750
Total Monthly Price
$750
930 N 5th St, Unit 3
930 N 5th StMankato, MN 56001
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$750 - $1,880
Plus Fees12 Month Lease Term
Studio to 5 Bedroom Apartments Available Jan 2, 2026Highland Hills Apartments
1340 Warren StMankato, MN 56001
204 N 5th St
MankatoMN56001
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Rent Specials
$880 - $985
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Aug 1, 2026Glenwood Terrace
107-115 Parkway AveMankato, 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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$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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$915
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jan 1, 2026Total Monthly Price
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$915
Total Monthly Price
$915
107 E Liberty St, Unit 1
107 E Liberty StMankato, MN 56001
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$975
Total Monthly Price6 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$975
Total Monthly Price
$975
221 State St, Unit 1
221 State StMankato, MN 56001
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$975
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Aug 1, 2026Total Monthly Price
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$975
Total Monthly Price
$975
157 E Welcome Ave, Unit 1
157 E Welcome AveMankato, MN 56001
329 N Riverfront Dr
MankatoMN56001
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$975
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Feb 1, 2026Total Monthly Price
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$975
Total Monthly Price
$975
329 N Riverfront Dr, Unit 1
329 N Riverfront DrMankato, MN 56001
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$975 - $1,175
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Place Apartments
100-104 Thomas 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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$995 - $1,295
Plus Fees
1 to 2 Bedroom Apartments Available NowCherry Square
500 S 2nd StMankato, MN 56001
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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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$835 - $1,600
Plus Fees
1 to 3 Bedroom Apartments Available Now442 Belgrade Ave
442 Belgrade AveNorth Mankato, MN 56003
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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$875 - $1,000
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityCommerce Apartments
1621-1633 Commerce DrNorth Mankato, MN 56003
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$999 - $1,199
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Court Apartments
1620 Village CtNorth Mankato, MN 56003
Showing Results 1-30, 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 | $1,070 | $750 | $1,295 |
| Cheap Mankato 1 Bedroom Apartments | $1,414 | $451 | $2,146 |
| Cheap Mankato 2 Bedroom Apartments | $1,610 | $538 | $2,396 |
| Cheap Mankato 3 Bedroom Apartments | $1,864 | $885 | $2,830 |
| Cheap Mankato 4 Bedroom Apartments | $1,578 | $700 | $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: 12/11/2025Current apartment rentals in the Mankato, MN area range in price from $451 to $2,830 with an overall median price of $2,085. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $750, Downtown Mankato at $750, and West Mankato at $451. 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 | $1,760 | $750 | 78 |
| Downtown Mankato | $1,800 | $750 | 11 |
| West Mankato | $1,800 | $451 | 19 |
| City Center Mankato | $2,135 | $451 | 83 |
| East Mankato | $2,135 | $700 | 109 |
| Erlandson Park | $2,135 | $451 | 116 |
| Five Corners | $2,135 | $451 | 114 |
| Lincoln Park | $2,135 | $451 | 84 |
| Riverfront Park | $2,135 | $451 | 113 |
| University | $2,135 | $451 | 46 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at Village Place Apartments in the University neighborhood priced from $975. Cherry Square in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Place Apartments | 1 Bedroom Large W/Den | 1BR,1BA | $975 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Knollcrest | Two Bedroom | 2BR,1BA | $995 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1,000 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Woodside Apartments | Studio | Studio,1BA | $1,070 |
| Village Court Apartments | 2 Bed, 1 Bath (renovated) | 2BR,1BA | $1,099 |
Best Value Apartments for Rent in Mankato, MN
As of December 11, 2025 the best value apartment in the Mankato area is the $1.19 price per square foot Fox Run Townhomes 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 Three Bedroom Model at 442 Belgrade Ave starting at $1,500 with a $0.94 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. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.94 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.23 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.14 |
| 1104 N 5th St, Unit 3 Bed | 1104 N 5th St | 3BR,1BA | $1.08 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Knollcrest | Two Bedroom | 2BR,1BA | $1.11 |
| 608 N 4th St, Unit 1 | 608 N 4th St | 2BR,1BA | $1.24 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.18 |
| 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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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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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
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 a cheap apartment in Mankato?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mankato is under $1,099.
What is the price of a cheap apartment in Mankato?
The cheapest apartment in Mankato is Village Place Apartments which is listed at $975, while the average apartment in Mankato costs $2,085.
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 161 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 $623 which is $1,462 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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.