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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 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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$784 - $1,182
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowLewis Lofts
209 Dewey StMankato, MN 56001
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$800
Total Monthly Price6 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$800
Total Monthly Price
$800
326 E Vine St
326 E Vine StMankato, MN 56001
318 E Walnut St
MankatoMN56001
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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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$925
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$925
Total Monthly Price
$925
113 E Spring St, Unit 1
113 E Spring 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
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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$995
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$995
Total Monthly Price
$995
111 E Cherry St, Unit 121
111 E Cherry StMankato, 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
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Apr 1Village Place Apartments
100-104 Thomas DrMankato, MN 56001
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$1,010 - $1,615
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowWoodside Apartments
161-351 E Roosevelt CirMankato, MN 56001
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$1,011 - $1,511
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiver Bluff Apartments
405 N 5th StMankato, MN 56001
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$1,020 - $1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityGray Hawk Apartments
160-180 Homestead RdMankato, MN 56001
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$1,084 - $1,384
Plus Fees
Studio to 2 Bedroom Apartments Available NowOhana Apartments-Rent Special!
2040 Prairie Rose DrMankato, MN 56001
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$1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowRita Road
188-192 Rita RdMankato, 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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$1,100
Plus Fees12 Month Lease Term
Studio Apartments Contact Us For AvailabilitySkyway Property Holdings, LLC - (Studio 5)
507 N Riverfront DrMankato, MN 56001
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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
429 State 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
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
Rosa Place
510 Timberwolf DrMankato, MN 56001
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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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1 to 3 Bedroom Apartments
Cherry Ridge Apartments
101 Glenwood AveMankato, 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.
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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
Pfau Reed Apartments
610-620 Reed StMankato, MN 56001
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$6351 Bedroom Apartments Available Apr 1
138 N Agency St
138 N Agency StEagle Lake, MN 56024
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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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$928 - $1,199
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Court Apartments
1620 Village CtNorth Mankato, MN 56003
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$1,000
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Apr 1Total Monthly Price
Base Rent
$1,000
Total Monthly Price
$1,000
329 Belgrade Ave, Unit 1
329 Belgrade AveNorth Mankato, MN 56003
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$1,065
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityHoover Estates
1866 Lee BlvdNorth Mankato, MN 56003
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1 to 3 Bedroom Apartments
442 Belgrade Ave
442 Belgrade AveNorth Mankato, MN 56003
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Showing Results 1-40, 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 | $1,097 | $750 | $1,295 |
| Cheap Mankato 1 Bedroom Apartments | $1,344 | $784 | $2,150 |
| Cheap Mankato 2 Bedroom Apartments | $1,543 | $925 | $2,396 |
| Cheap Mankato 3 Bedroom Apartments | $1,869 | $1,349 | $2,830 |
| Cheap Mankato 4 Bedroom Apartments | $1,902 | $1,500 | $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
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Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 03/11/2026Current apartment rentals in the Mankato, MN area range in price from $750 to $2,830 with an overall median price of $2,213. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $800, City Center Mankato at $750, and East 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 | $1,682 | $800 | 89 |
| City Center Mankato | $2,135 | $750 | 105 |
| East Mankato | $2,135 | $750 | 130 |
| Erlandson Park | $2,135 | $750 | 141 |
| Five Corners | $2,135 | $750 | 130 |
| Lincoln Park | $2,135 | $750 | 106 |
| Riverfront Park | $2,135 | $750 | 129 |
| The Prairie | $2,135 | $784 | 117 |
| University | $2,135 | $750 | 60 |
| Washington Park | $2,135 | $750 | 128 |
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 $784. Glenwood Terrace in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. 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 | $784 |
| 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 |
| Woodside Apartments | Studio | Studio,1BA | $1,010 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,011 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $1,025 |
| Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $1,028 |
Best Value Apartments for Rent in Mankato, MN
As of March 12, 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 229 Center St Model at 229 Center St, Unit 1 starting at $1,595 with a $1.04 price per square foot in the University 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 |
| 229 Center St, Unit 1 | 229 Center St | 3BR,1BA | $1.04 |
| 802 Le Hillier St, Unit 1 | 802 Le Hillier St | 4BR,2BA | $1.00 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.17 |
| 225 Belgrade Ave, Unit B | 225 Belgrade Ave | 2BR,1BA | $1.09 |
| 711 Grant Ave | 711 Grant Ave | 2BR,1BA | $1.07 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| 113 E Spring St, Unit 1 | 113 E Spring St | 2BR,1BA | $0.93 |
| 326 E Vine St | 326 E Vine St | 1BR,1BA | $1.00 |
| 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.
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.
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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!
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See the most popular apartments and homes in Mankato, MN
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 $1,028.
What is the price of a cheap apartment in Mankato?
The cheapest apartment in Mankato is Lewis Lofts which is listed at $784, while the average apartment in Mankato costs $2,213.
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 182 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 $604 which is $1,609 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
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.
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.