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$675 - $1,3501 to 2 Bedroom Apartments Available Now
The Edge Apartments
1902 Warren StMankato, MN 56001
Cheap Apartments for Rent in Mankato, MN from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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$720 - $1,880Studio to 5 Bedroom Apartments Available Now
Highland Hills Apartments
1340 Warren StMankato, MN 56001
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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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$900 - $9501 to 2 Bedroom Apartments Available Now
Valley View Apartments
450-470 James AveMankato, MN 56001
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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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$835 - $1,5001 to 3 Bedroom Apartments Available Now
442 Belgrade Ave
442 Belgrade AveNorth 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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$875 - $1,0001 to 2 Bedroom Apartments Available Now
Commerce Apartments
1621-1633 Commerce DrNorth Mankato, MN 56003
Showing Results 1-18, 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 | $1,090 | $720 | $1,265 |
| Cheap Mankato 1 Bedroom Apartments | $1,236 | $700 | $2,095 |
| Cheap Mankato 2 Bedroom Apartments | $1,403 | $675 | $2,500 |
| Cheap Mankato 3 Bedroom Apartments | $1,549 | $1,200 | $2,095 |
| Cheap Mankato 4 Bedroom Apartments | $1,590 | $1,379 | $1,880 |
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
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Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 2 Beds unit found at The Edge Apartments in the University neighborhood priced from $675. Highland Hills Apartments in the University neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $720. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Edge Apartments | Two Bedroom | 2BR,1BA | $675 |
| Highland Hills Apartments | Studio | Studio,1BA | $720 |
| Commerce Apartments | One Bedroom | 1BR,1BA | $875 |
| 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 July 27, 2025 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 220 State St Model at 220 State St, Unit #2 2nd Floor starting at $1,200 with a $0.80 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. |
|---|---|---|---|
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| 220 State St, Unit #2 2nd Floor | 220 State St | 3BR,1BA | $0.80 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $0.69 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.13 |
| Gray Hawk Apartments | Large Two Bedroom | 2BR,1BA | $1.21 |
| 2461 Northridge Dr, Unit 2 | 2461 Northridge Dr | 2BR,1BA | $1.13 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Bunting Lane Apartments | Three Bed | 3BR,1.5BA | $0.63 |
| 105 Hanover St, Unit #2 | 105 Hanover St | 1BR,1BA | $1.23 |
Quick 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)
4 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 Cheapest Studio apartment in Mankato?
Currently the most affordable Cheap Studio Apartment in Mankato is at Highland Hills Apartments listed at $720.
How much is rent for a Cheap One Bedroom Mankato Apartment?
The lowest price for a Cheap One Bedroom Mankato Apartment is $875 at Commerce Apartments.
What is the lowest price for a Cheap Two Bedroom Mankato Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mankato is starting from $675 at The Edge Apartments.
What is the most affordable Mankato Three Bedroom Apartment?
The best deal on a cheap Mankato Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,249.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.