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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 (39 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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$825
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$825
Total Monthly Price
$825
528 N 6th St, Unit .5
528 N 6th StMankato, MN 56001
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$875
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$875
Total Monthly Price
$875
107 E Liberty St, Unit 3
107 E Liberty StMankato, MN 56001
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$875
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$875
Total Monthly Price
$875
210 Thompson St, Unit #2
210 Thompson StMankato, MN 56001
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$900
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$900
Total Monthly Price
$900
1101 N 6th St, Unit 2
1101 N 6th StMankato, MN 56001
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$900 - $950
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Dec 1Valley View Apartments
450-470 James AveMankato, MN 56001
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$900 - $1,125
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Place Apartments
100-104 Thomas DrMankato, MN 56001
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Rent Specials
$931 - $2,135
Plus Fees12 Month Lease Term
1 to 5 Bedroom Apartments Available NowCollege Station
1341 Pohl RdMankato, MN 56001
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$950
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowGlenwood Terrace
107-115 Parkway AveMankato, MN 56001
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$995 - $1,045
Plus Fees
2 Bedroom Apartments Available NowKnollcrest
120-122 Knollcrest DrMankato, MN 56001
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$995
Plus Fees
1 Bedroom Apartments Available Now301 N Riverfront Dr
301 N Riverfront DrMankato, MN 56001
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$1,000 - $1,250
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowHuntington Hills Apartments & Townhomes
744 James AveMankato, MN 56001
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$1,020 - $1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowGray Hawk Apartments
160-180 Homestead RdMankato, MN 56001
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$1,025 - $1,295
Plus Fees
1 to 2 Bedroom Apartments Available NowCherry Square
500 S 2nd StMankato, MN 56001
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$1,050 - $1,899
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowAugusta Park Estates
1690 Premier DrMankato, MN 56001
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$1,055 - $1,675
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowWoodside Apartments
161-351 E Roosevelt CirMankato, MN 56001
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$1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowRita Road
188-192 Rita RdMankato, MN 56001
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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 Nov 1Total Monthly Price
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$1,100
Total Monthly Price
$1,100
429 State St, Unit 203
429 State StMankato, MN 56001
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524 Jefferson Ave
North MankatoMN56003
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$875 - $1,000
Plus Fees
1 to 2 Bedroom Apartments Available NowCommerce Apartments
1621-1633 Commerce DrNorth Mankato, MN 56003
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$999 - $1,099
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Court Apartments
1620 Village CtNorth Mankato, MN 56003
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$1,065
Total Monthly Price
2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,050
Required Monthly Fees
$15
Total Monthly Price
$1,065
Hoover Estates
1866 Lee BlvdNorth Mankato, MN 56003
Showing Results 1-39, 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 | $1,001 | $750 | $1,100 |
| Cheap Mankato 1 Bedroom Apartments | $1,449 | $750 | $2,146 |
| Cheap Mankato 2 Bedroom Apartments | $1,599 | $825 | $2,396 |
| Cheap Mankato 3 Bedroom Apartments | $1,851 | $1,299 | $2,830 |
| Cheap Mankato 4 Bedroom Apartments | $1,711 | $1,279 | $2,000 |
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: 10/26/2025Current apartment rentals in the Mankato, MN area range in price from $750 to $2,830 with an overall median price of $2,066. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $750, West Mankato at $875, and Downtown Mankato at $875. 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 | $1,625 | $750 | 89 |
| West Mankato | $1,639 | $875 | 16 |
| Downtown Mankato | $2,000 | $875 | 11 |
| City Center Mankato | $2,135 | $750 | 112 |
| East Mankato | $2,135 | $750 | 137 |
| Erlandson Park | $2,135 | $750 | 147 |
| Five Corners | $2,135 | $750 | 140 |
| Lincoln Park | $2,135 | $750 | 112 |
| Riverfront Park | $2,135 | $750 | 140 |
| The Prairie | $2,135 | $750 | 116 |
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 |
| College Station | 1 Bedroom | 1BR,1BA | $931 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
| Village Place Apartments | 1 BR Large W/Den | 1BR,1BA | $975 |
| Knollcrest | 2 bed | 2BR,1BA | $995 |
Best Value Apartments for Rent in Mankato, MN
As of October 26, 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 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.14 |
| 1104 N 5th St, Unit 3 Bed | 1104 N 5th St | 3BR,1BA | $1.08 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $0.89 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.27 |
| 1101 N 6th St, Unit 2 | 1101 N 6th St | 1BR,1BA | $1.13 |
| 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 Highland Hills Apartments which is listed at $830, while the average apartment in Mankato costs $2,066.
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 234 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 $793 which is $1,273 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.
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.
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.