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$451 - $1,182
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowLewis Lofts
209 Dewey StMankato, MN 56001
Cheap Apartments for Rent in Mankato, MN from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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$740
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$740
Total Monthly Price
$740
517 Blue Earth St, Unit Side Door
517 Blue Earth StMankato, MN 56001
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$750 - $1,880
Plus Fees12 Month Lease Term
Studio to 5 Bedroom Apartments Available NowHighland Hills Apartments
1340 Warren StMankato, MN 56001
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$835 - $1,175
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowVillage Place Apartments
100-104 Thomas DrMankato, MN 56001
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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
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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$950
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Mar 1Total Monthly Price
Base Rent
$950
Total Monthly Price
$950
717 N 2nd St, Unit 4
717 N 2nd StMankato, MN 56001
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$975
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$975
Total Monthly Price
$975
157 E Welcome Ave, Unit 1
157 E Welcome AveMankato, MN 56001
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$995
Plus Fees
1 Bedroom Apartments Available Feb 1301 N Riverfront Dr
301 N Riverfront DrMankato, 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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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
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 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
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1 to 3 Bedroom Apartments
The Preserve Apartments
240 Jaycee CtMankato, 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 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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2 Bedroom Apartments
Rita Road
188-192 Rita RdMankato, MN 56001
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$835 - $1,600
Plus Fees
1 to 3 Bedroom Apartments Available Now442 Belgrade Ave
442 Belgrade AveNorth Mankato, MN 56003
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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
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.
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$928 - $1,199
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Court Apartments
1620 Village CtNorth Mankato, MN 56003
Showing Results 1-25, 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 | $1,102 | $750 | $1,295 |
| Cheap Mankato 1 Bedroom Apartments | $1,441 | $451 | $2,146 |
| Cheap Mankato 2 Bedroom Apartments | $1,594 | $538 | $2,396 |
| Cheap Mankato 3 Bedroom Apartments | $1,862 | $885 | $2,830 |
| Cheap Mankato 4 Bedroom Apartments | $1,713 | $1,500 | $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
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Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 01/25/2026Current apartment rentals in the Mankato, MN area range in price from $451 to $2,830 with an overall median price of $2,224. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $875, West Mankato at $451, and Riverfront Park 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 | $875 | 94 |
| West Mankato | $1,800 | $451 | 27 |
| Riverfront Park | $2,135 | $451 | 132 |
| City Center Mankato | $2,305 | $451 | 104 |
| Downtown Mankato | $2,305 | $451 | 105 |
| East Mankato | $2,305 | $750 | 136 |
| Erlandson Park | $2,305 | $451 | 149 |
| Five Corners | $2,305 | $451 | 132 |
| Lincoln Park | $2,305 | $451 | 105 |
| The Prairie | $2,305 | $451 | 120 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at Lewis Lofts in the University neighborhood priced from $451. Highland Hills Apartments in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lewis Lofts | 1a1t | 1BR,1BA | $451 |
| Highland Hills Apartments | Elm Tree Court | 1BR,1BA | $800 |
| Village Place Apartments | Studio | Studio,1BA | $835 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $839 |
Best Value Apartments for Rent in Mankato, MN
As of January 25, 2026 the best value apartment in the Mankato area is the $0.34 price per square foot 517 Blue Earth St Model at 517 Blue Earth St, Unit Side Door in the in the University neighborhood starting from $740. The second greatest value Mankato apartment is the Fox Run Townhomes 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. |
|---|---|---|---|
| 517 Blue Earth St, Unit Side Door | 517 Blue Earth St | 1BR,1BA | $0.34 |
| Fox Run Townhomes | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| Sibley Village Townhomes | Three Bedroom One Half Bathroom | 3BR,1.5BA | $1.16 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.17 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.17 |
| 1104 N 5th St, Unit 3 Bed | 1104 N 5th St | 3BR,1BA | $1.08 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $0.92 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Lewis Lofts | 1a1t | 1BR,1BA | $0.73 |
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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 Lewis Lofts which is listed at $451, while the average apartment in Mankato costs $2,224.
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 203 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 $569 which is $1,655 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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.