
Cheap Apartments for Rent in the City Center Mankato Neighborhood of Mankato, MN from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the City Center Mankato area of Mankato.


Total Monthly Price
640 Timberwolf Dr, Unit 104

Total Monthly Price
505 S 4th St, Unit 3

Highland Hills Apartments

Total Monthly Price
930 N 5th St, Unit 3

Glenwood Terrace
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.

Valley View Apartments

Total Monthly Price
107 E Liberty St, Unit 1

Village Place Apartments

Total Monthly Price
329 N Riverfront Dr, Unit 1

Total Monthly Price
157 E Welcome Ave, Unit 1

Total Monthly Price
404 James Ave, Unit 101
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.

Cherry Square

Gray Hawk Apartments

Total Monthly Price
612 N 4th St, Unit 1

Total Monthly Price
608 N 4th St, Unit 1

Southwood Flats

Total Monthly Price
River Bluff Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Total Monthly Price
429 State St, Unit 203

442 Belgrade Ave

Commerce Apartments

209 1/2 Cross Street

Village Court Apartments
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.

Total Monthly Price
Hoover Estates
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 | $750 | $750 | $750 |
| City Center Mankato 1 Bedroom Apartments | $1,409 | $451 | $2,146 |
| City Center Mankato 2 Bedroom Apartments | $1,639 | $538 | $2,396 |
| City Center Mankato 3 Bedroom Apartments | $1,847 | $885 | $2,830 |
| City Center Mankato 4 Bedroom Apartments | $1,789 | $1,680 | $1,880 |
Browse Apartments in this Neighborhood
There are currently 25 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
City Center Mankato, Mankato, MN Local Guide
- Nearby Mankato neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Village Place Apartments priced from $975. Cherry Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable City Center Mankato apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Place Apartments | 1 Bedroom Large W/Den | 1BR,1BA | $975 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Village Court Apartments | 2 Bed, 1 Bath (renovated) | 2BR,1BA | $1,099 |
| Riverfront Court | Two Bedroom/ One Bathroom w Balcony | 2BR,1BA | $1,120 |
Best Value Apartments for Rent in City Center Mankato, MN
As of December 15, 2025 the best value apartment in the City Center 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 City Center Mankato apartment is the 640 Timberwolf Dr Model at 640 Timberwolf Dr, Unit 104 starting at $700 with a $0.44 price per square foot in the University 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. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| 640 Timberwolf Dr, Unit 104 | 640 Timberwolf Dr | 4BR,4BA | $0.44 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.94 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.18 |
| 1104 N 5th St, Unit 3 Bed | 1104 N 5th St | 3BR,1BA | $1.08 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.28 |
| 608 N 4th St, Unit 1 | 608 N 4th St | 2BR,1BA | $1.24 |
| 404 James Ave, Unit 101 | 404 James Ave | 1BR,1BA | $1.24 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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.
Pet Friendly LifestyleCity Center Mankato, Mankato, MN
Ranked #7
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the City Center Mankato Neighborhood in Mankato, MN
Walk Score®
78 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
86 / 100
Very Bikeable
Biking is convenient for most trips
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 City Center Mankato Apartments
What is the price of a cheap apartment in City Center Mankato?
The cheapest apartment in City Center Mankato is Village Place Apartments which is listed at $975, while the average apartment in City Center Mankato costs $2,135.
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 16 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 $703 which is $1,432 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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.
