
Cheap Apartments for Rent in the City Center Mankato Neighborhood of Mankato, MN from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the City Center Mankato area of Mankato.


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930 N 5th St

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609 S Broad St, Unit 1

Glenwood Terrace

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605 E Main St, Unit 3
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Valley View Apartments

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112 Grove St, Unit 3

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403 Riverfront N Dr

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The Grove at Mankato

Village Place Apartments of Mankato
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909 S Front St, Unit 3

Cherry Ridge Apartments

Lewis Lofts

Sinclair Flats

442 Belgrade Ave
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Village Court Apartments

Commerce Apartments
City Center Mankato, Mankato, MN Local Guide

How much does it cost to rent an apartment in City Center Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| City Center Mankato Studio Apartments | $925 | $750 | $1,100 |
| City Center Mankato 1 Bedroom Apartments | $1,224 | $750 | $1,850 |
| City Center Mankato 2 Bedroom Apartments | $1,362 | $900 | $2,150 |
| City Center Mankato 3 Bedroom Apartments | $1,584 | $990 | $2,415 |
| City Center Mankato 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the City Center Mankato Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
Cheapest Available City Center Mankato Apartments for Rent
 The cheapest available apartment rental in the City Center Mankato area of Mankato, MN is a 1 Bed unit found at 442 Belgrade Ave priced from $835. Lewis Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here are the most affordable City Center Mankato apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $975 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
Best Value Apartments for Rent in City Center Mankato, MN
As of June 26, 2026 the best value apartment in the City Center Mankato area is the $1.04 price per square foot 508 S 4th St Model at 508 S 4th St, Unit #1 in the in the University neighborhood starting from $2,600. The second greatest value City Center Mankato apartment is the Fox Run Townhomes Model at Fox Run Townhomes starting at $1,995 with a $1.13 price per square foot in the City Center Mankato neighborhood. Here is today’s list of the best values for City Center Mankato apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 508 S 4th St, Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| Fox Run Townhomes | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.02 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $0.94 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $1.34 |
| 1740 Lee Blvd, Unit 3 | 1740 Lee Blvd | 2BR,1BA | $1.33 |
| Village Court Apartments | 2 Bed, 1 Bath (renovated) | 2BR,1BA | $1.33 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
Frequently Asked Questions about Cheap City Center Mankato Apartments
What is the price of a cheap apartment in City Center Mankato?
The cheapest apartment in City Center Mankato is 442 Belgrade Ave which is listed at $835, while the average apartment in City Center Mankato costs $2,350.
What types of apartments are the cheapest in City Center 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 12 regular apartments in City Center 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 City Center Mankato?
Cheap apartments in City Center Mankato have an average cost of $352 which is $1,998 cheaper than the average rent for all rentals in City Center 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.

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.