323 Warren St, Unit 3
323 Warren St
MankatoMN56001
Cheap Apartments for Rent in the Downtown Mankato Neighborhood of Mankato, MN from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mankato area of Mankato.
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$795Studio Apartments Available Aug 1
301 N Riverfront Dr, Unit 304
301 N Riverfront DrMankato, MN 56001
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$800
Total Monthly Price6 Month Lease Term
1 Bedroom Apartment Available Sep 1Total Monthly Price
Base Rent
$800
Total Monthly Price
$800
315 E Walnut St, Unit #2
315 E Walnut StMankato, MN 56001
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$800
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Sep 15Total Monthly Price
Base Rent
$800
Total Monthly Price
$800
609 S Broad St, Unit 4
609 S Broad StMankato, MN 56001
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$925 - $1,095
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowCherry Ridge Apartments
101 Glenwood AveMankato, MN 56001
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$950
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$950
Total Monthly Price
$950
125 N Broad St, Unit 125 N Broad St Apt 1
125 N Broad StMankato, MN 56001
525 S Broad St
MankatoMN56001
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$990
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$990
Total Monthly Price
$990
909 S Front St, Unit 3
909 S Front StMankato, MN 56001
120 S 4th St
MankatoMN56001
325 E Plum St
MankatoMN56001
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$1,075
Plus Fees
1 Bedroom Apartments Available Aug 1Cherry Square
500 S 2nd StMankato, MN 56001
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Studio to 2 Bedroom Apartments
404 S 4th St
404 S 4th StMankato, MN 56001
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Studio to 2 Bedroom Apartments
River Bluff Suites
123 N 4th StMankato, MN 56001
325 E Washington St
MankatoMN56001
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1 to 3 Bedroom Apartments
Wesley Place
319 E Washington StMankato, MN 56001
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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Studio to 2 Bedroom Apartments
107 S 5th St
107 S 5th StMankato, MN 56001
Showing Results 1-16, Page 1 of 1
Downtown Mankato, Mankato, MN Local Guide
How much does it cost to rent an apartment in Downtown Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mankato Studio Apartments | $1,061 | $795 | $1,150 |
| Downtown Mankato 1 Bedroom Apartments | $1,067 | $800 | $1,654 |
| Downtown Mankato 2 Bedroom Apartments | $1,061 | $985 | $1,200 |
| Downtown Mankato 3 Bedroom Apartments | $1,355 | $990 | $1,800 |
| Downtown Mankato 4 Bedroom Apartments | $1,940 | $1,800 | $2,080 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Downtown Mankato Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
Downtown Mankato, Mankato, MN Local Guide
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Cheapest Available Downtown Mankato Apartments for Rent
The cheapest available apartment rental in the Downtown Mankato area of Mankato, MN is a 2 Beds unit found at Cherry Ridge Apartments priced from $995. Wesley Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here are the most affordable Downtown Mankato apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1,025 |
| Riverfront Court | Two Bedroom/ One Bathroom w Balcony | 2BR,1BA | $1,140 |
Best Value Apartments for Rent in Downtown Mankato, MN
As of July 21, 2026 the best value apartment in the Downtown Mankato area is the $0.88 price per square foot 120 Locust St Model at 120 Locust St in the in the University neighborhood starting from $1,150. The second greatest value Downtown Mankato apartment is the 909 S Front St Model at 909 S Front St, Unit 3 starting at $990 with a $0.83 price per square foot in the University neighborhood. Here is today’s list of the best values for Downtown Mankato apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 120 Locust St | 120 Locust St | 3BR,1BA | $0.88 |
| 909 S Front St, Unit 3 | 909 S Front St | 3BR,1BA | $0.83 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| 125 N Broad St, Unit 125 N Broad St Apt 1 | 125 N Broad St | 1BR,1BA | $0.95 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1.17 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
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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Pet Friendly LifestyleDowntown Mankato, Mankato, MN
Ranked #14
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Mankato Apartments
What types of apartments are the cheapest in Downtown 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 2 regular apartments in Downtown 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 Downtown Mankato?
Cheap apartments in Downtown Mankato have an average cost of $223 which is $1,717 cheaper than the average rent for all rentals in Downtown 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.