322 E Walnut St
MankatoMN56001
Cheap Apartments for Rent in the Downtown Mankato Neighborhood of Mankato, MN from $575 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mankato area of Mankato.
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$800
Total 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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$800
Total Monthly Price
Base Rent$800
Total Monthly Price$800
315 E Walnut St, Unit #2
315 E Walnut StMankato, MN 56001
107 E Liberty St
MankatoMN56001
100 Glenwood Ave
MankatoMN56001
525 S Broad St
MankatoMN56001
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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$1,0751 Bedroom Apartments Available Now
Plus Fees
Cherry Square
500 S 2nd StMankato, MN 56001
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$1,150Studio Apartments Available Now
Plus Fees12 Month Lease Term
Skyway Properties LLC
507 N Riverfront DrMankato, MN 56001
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$1,150
Total Monthly Price
Base Rent$1,150
Total Monthly Price$1,150
120 Locust St, Unit 7 Lower
120 Locust StMankato, MN 56001
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$1,167
Total Monthly Price
Base Rent$1,137
Required Monthly FeesVaries
Total Monthly PriceVaries
The Alma
105 E Walnut StMankato, MN 56001
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$1,175
Total Monthly Price
Base Rent$1,175
Total Monthly Price$1,175
116 Van Brunt St, Unit 1
116 Van Brunt StMankato, MN 56001
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$1,200
Total Monthly Price
Base Rent$1,200
Total Monthly Price$1,200
101 S Broad St, Unit 1
101 S Broad StMankato, MN 56001
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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$1,300 - $1,8001 to 3 Bedroom Apartments Available Now
Plus Fees12 Month Lease Term
Riverfront Court
115 S Riverfront DrMankato, 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
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1 to 3 Bedroom Apartments
Cherry Ridge Apartments
101 Glenwood AveMankato, MN 56001
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1 to 3 Bedroom Apartments
Wesley Place
319 E Washington StMankato, MN 56001
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Studio to 2 Bedroom Apartments
107 S 5th St
107 S 5th 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.
103 Locust St
MankatoMN56001
315 Belgrade Ave, Unit 3
315 Belgrade Ave
North MankatoMN56003
Showing Results 1-20, 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 | $1,066 | $900 | $1,150 |
| Downtown Mankato 1 Bedroom Apartments | $1,153 | $774 | $1,754 |
| Downtown Mankato 2 Bedroom Apartments | $1,320 | $960 | $1,800 |
| Downtown Mankato 3 Bedroom Apartments | $1,522 | $1,150 | $1,800 |
| Downtown Mankato 4 Bedroom Apartments | $2,080 | $2,080 | $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 20 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
- Nearby Mankato neighborhoods
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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 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $1,075 |
| Skyway Properties LLC | 0BR/1.0BA | Studio,1BA | $1,150 |
| The Alma | 1 Bedroom | 1BR,1BA | $1,167 |
Best Value Apartments for Rent in Downtown Mankato, MN
As of September 08, 2026 the best value apartment in the Downtown Mankato area is the $1.96 price per square foot 2BR/2.0BA Model at Bridge Plaza Apartments in the in the University neighborhood starting from $4,000. The second greatest value Downtown Mankato apartment is the 101 S Broad St Model at 101 S Broad St, Unit 1 starting at $1,200 with a $0.80 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. |
|---|---|---|---|
| Bridge Plaza Apartments | 2BR/2.0BA | 2BR,2BA | $1.96 |
| 101 S Broad St, Unit 1 | 101 S Broad St | 2BR,1BA | $0.80 |
| 120 Locust St, Unit 7 Lower | 120 Locust St | 3BR,2BA | $0.88 |
| Riverfront Court | New Three Bedroom/ Two Bath | 3BR,2BA | $1.68 |
| 117 Cherry St | 3BR/1.0BA | 3BR,1BA | $1.73 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1.17 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| 315 E Walnut St, Unit #2 | 315 E Walnut St | 1BR,1BA | $1.00 |
| Skyway Properties LLC | 0BR/1.0BA | Studio ,1BA | $2.17 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $2.04 |
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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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.
Read ArticleReal 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 #13
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 is the Cheapest Studio apartment in Downtown Mankato?
Currently the most affordable Cheap Studio Apartment in Downtown Mankato is at Skyway Properties LLC listed at $1,150.
How much is rent for a Cheap One Bedroom Downtown Mankato Apartment?
The lowest price for a Cheap One Bedroom Downtown Mankato Apartment is $1,075 at Cherry Square.
What is the lowest price for a Cheap Two Bedroom Downtown Mankato Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Mankato is starting from $995 at Cherry Ridge Apartments.
What is the most affordable Downtown Mankato Three Bedroom Apartment?
The best deal on a cheap Downtown Mankato Three Bedroom Apartment rental is at Riverfront Court and starts from $1,450.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.