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Cheap Apartments for Rent in Mankato, MN from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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from $6822 to 3 Bedroom Apartments Available Now
Bunting Lane Apartments
311 Bunting LnMankato, MN 56001
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from $7751 to 5 Bedroom Apartments Available Now
Highland Hills Apartments
1340 Warren StMankato, MN 56001
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Rent Specials
from $8251 to 2 Bedroom Apartments Available Aug 15
Glenwood Terrace
107-115 Parkway AveMankato, MN 56001
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from $8731 to 5 Bedroom Apartments Available Now
College Station
1341 Pohl 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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Rent Specials
from $9251 to 3 Bedroom Apartments Available Now
River Bluff Apartments
405 N 5th StMankato, MN 56001
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from $9501 Bedroom Apartment Available Jul 1
1325 Fair Street, Unit #3
1325 Fair StreetMankato, MN 56001
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from $9752 Bedroom Apartment Available Aug 1
141 E Welcome Ave, Unit M Hanson Prop.
141 E Welcome AveMankato, MN 56001
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from $1,0001 to 2 Bedroom Apartments Available Jul 1
Huntington Hills Apartments & Townhomes
744 James AveMankato, MN 56001
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224 Carroll St
MankatoMN56001
120 S 4th St
MankatoMN56001
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from $1,045Studio to 2 Bedroom Apartments Available Now
Woodside Apartments
161-351 E Roosevelt CirMankato, MN 56001
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from $1,0501 Bedroom Apartment Available Jul 1
118 Van Brunt St, Unit 2
118 Van Brunt StMankato, MN 56001
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from $9251 to 3 Bedroom Apartments Available Now
The Grove at Mankato
200 Briargate RdMankato, MN 56001
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from $1,0751 to 2 Bedroom Apartments Available Now
The Edge Apartments
1902 Warren StMankato, 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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from $1,100Studio Apartments Available Aug 1
Skyway Property Holdings, LLC - (Studio 5)
507 N Riverfront DrMankato, MN 56001
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from $1,1002 Bedroom Apartment Available Aug 1
430 Willard St, Unit Apt 1
430 Willard StMankato, MN 56001
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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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from $8751 to 3 Bedroom Apartments Available Now
442 Belgrade Ave
442 Belgrade AveNorth Mankato, MN 56003
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from $8991 to 2 Bedroom Apartments Available Now
Village Court Apartments
1620 Village CtNorth 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.
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from $9752 Bedroom Apartment Available Jul 1
2461 Northridge Dr, Unit 2
2461 Northridge DrNorth Mankato, MN 56003
1711 Northway Dr
North MankatoMN56003
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from $1,0502 Bedroom Apartments Contact Us For Availability
Hoover Estates
1866 Lee BlvdNorth Mankato, MN 56003
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from $1,0752 Bedroom Apartment Available Jul 1
1740 Lee Blvd, Unit 3
1740 Lee BlvdNorth Mankato, MN 56003
Showing Results 1-44, 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 | $1,100 | $1,045 | $1,315 |
| Cheap Mankato 1 Bedroom Apartments | $1,224 | $650 | $2,000 |
| Cheap Mankato 2 Bedroom Apartments | $1,428 | $682 | $3,725 |
| Cheap Mankato 3 Bedroom Apartments | $1,605 | $1,249 | $2,200 |
| Cheap Mankato 4 Bedroom Apartments | $1,532 | $595 | $1,900 |
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: 06/10/2025Current apartment rentals in the Mankato, MN area range in price from $595 to $3,725 with an overall median price of $1,853. The three Mankato neighborhoods with the lowest median rent pricing are The Prairie at $875, City Center Mankato at $775, and Downtown Mankato at $682. 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 |
|---|---|---|---|
| The Prairie | $1,760 | $875 | 57 |
| City Center Mankato | $1,812 | $775 | 59 |
| Downtown Mankato | $1,812 | $682 | 65 |
| Five Corners | $1,812 | $682 | 60 |
| Sibley Park | $1,812 | $775 | 63 |
| Erlandson Park | $1,850 | $775 | 54 |
| Lincoln Park | $1,850 | $682 | 83 |
| Riverfront Park | $1,850 | $775 | 52 |
| Washington Park | $1,850 | $775 | 54 |
| West Mankato | $1,850 | $775 | 67 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 2 Beds unit found at Bunting Lane Apartments in the University neighborhood priced from $682. Highland Hills Apartments in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bunting Lane Apartments | Random Roommate Included! | 2BR,2BA | $682 |
| Highland Hills Apartments | Elm Tree Court | 1BR,1BA | $775 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $875 |
| Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $949 |
| Woodside Apartments | Studio | Studio,1BA | $1,045 |
| River Bluff Apartments | Two Bedroom | 2BR,1BA | $1,070 |
| Riverfront Court | Two Bedroom/ One Bathroom w Balcony | 2BR,1BA | $1,120 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Mankato, MN
As of June 10, 2025 the best value apartment in the Mankato area is the $1.32 price per square foot 2BR/2.0BA Model at Bridge Plaza Apartments in the in the University neighborhood starting from $2,700. The second greatest value Mankato apartment is the 220 State St Model at 220 State St, Unit #2 2nd Floor starting at $1,400 with a $0.93 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. |
|---|---|---|---|
| Bridge Plaza Apartments | 2BR/2.0BA | 2BR,2BA | $1.32 |
| 220 State St, Unit #2 2nd Floor | 220 State St | 3BR,1BA | $0.93 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.25 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.23 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.29 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.22 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.13 |
| 612 N 4th St, Unit 1 | 612 N 4th St | 2BR,1BA | $1.22 |
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
Mankato, MN Apartments MapMankato, MN Rental Homes MapGetting 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 $1,200.
What is the price of a cheap apartment in Mankato?
The cheapest apartment in Mankato is Highland Hills Apartments which is listed at $775, while the average apartment in Mankato costs $1,853.
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 71 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 $995 which is $858 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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.