Cheap Apartments for Rent in Mankato, MN from $500 with Washer/Dryer (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mankato.

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Highland Hills Apartments
Rent Specials
$750 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750 - $1,980

Total Monthly Price
$750 - $1,980
Studio to 5 Bedroom Apartments Available Jun 15

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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  • Customer Reviewed
  • Utilities Included
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403 Riverfront N Dr
$935 - $1,145
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$935 - $1,145

Total Monthly Price
$935 - $1,145
1 to 2 Bedroom Apartment Available Now

403 Riverfront N Dr

403 Riverfront N DrMankato, MN 56001
Affordability
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Woodside Apartments
$1,070 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,675
Required Monthly Fees
$15

Total Monthly Price
$1,070 - $1,690
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
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  • Utilities Included
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Augusta Park Estates
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Preserve Apartments
1 to 3 Bedroom Apartments

The Preserve Apartments

240 Jaycee CtMankato, MN 56001
Student Housing
  • Utilities Included
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107 S 5th St
Studio to 2 Bedroom Apartments

107 S 5th St

107 S 5th StMankato, MN 56001
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1916 Haughton Ave, Unit 4
$1,175
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175
2 Bedroom Apartment Available Aug 1

1916 Haughton Ave, Unit 4

1916 Haughton AveNorth Mankato, MN 56003
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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.

Mankato, MN Local Guide

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Mankato Apartments

What is the price of a cheap apartment in Mankato?

The cheapest apartment in Mankato is 442 Belgrade Ave which is listed at $835, while the average apartment in Mankato costs $2,345.

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 198 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 $499 which is $1,846 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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.