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$750 - $1,880
Plus Fees12 Month Lease Term
Studio to 4 Bedroom Apartments Available NowHighland Hills Apartments
1340 Warren StMankato, MN 56001
Cheap Apartments for Rent in the Downtown Mankato Neighborhood of Mankato, MN from $500 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Mankato area of Mankato.
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$750
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jan 1, 2026Total Monthly Price
Base Rent
$750
Total Monthly Price
$750
930 N 5th St, Unit 3
930 N 5th StMankato, MN 56001
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$800
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$800
Total Monthly Price
$800
112 S 5th St, Unit Upper
112 S 5th StMankato, MN 56001
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$825
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$825
Total Monthly Price
$825
528 N 6th St, Unit .5
528 N 6th StMankato, MN 56001
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$875
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$875
Total Monthly Price
$875
107 E Liberty St, Unit 3
107 E Liberty StMankato, MN 56001
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$875 - $1,125
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Nov 7Village Place Apartments
100-104 Thomas DrMankato, MN 56001
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$900
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$900
Total Monthly Price
$900
1101 N 6th St, Unit 2
1101 N 6th StMankato, MN 56001
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$900 - $950
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Dec 1Valley View Apartments
450-470 James AveMankato, MN 56001
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.
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Rent Specials
$931 - $2,135
Total Monthly Price12 Month Lease Term
1 to 5 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$931 - $2,135
Total Monthly Price
$931 - $2,135
College Station
1341 Pohl RdMankato, MN 56001
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Rent Specials
$950
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowGlenwood Terrace
107-115 Parkway AveMankato, MN 56001
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$950
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$950
Total Monthly Price
$950
525 S Broad St, Unit 4
525 S Broad StMankato, MN 56001
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$995
Plus Fees
1 Bedroom Apartments Available Now301 N Riverfront Dr
301 N Riverfront DrMankato, MN 56001
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$995 - $1,045
Plus Fees
2 Bedroom Apartments Available NowKnollcrest
120-122 Knollcrest DrMankato, MN 56001
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$1,000 - $1,250
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowHuntington Hills Apartments & Townhomes
744 James AveMankato, MN 56001
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$1,020 - $1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowGray Hawk Apartments
160-180 Homestead RdMankato, MN 56001
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$1,025 - $1,295
Plus Fees
1 to 2 Bedroom Apartments Available NowCherry Square
500 S 2nd StMankato, MN 56001
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.
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$1,057 - $1,174
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowSouthwood Flats
520 James AveMankato, MN 56001
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$1,061 - $1,311
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,050 - $1,300
Required Monthly Fees
$11
Total Monthly Price
$1,061 - $1,311
The Edge Apartments
1902 Warren StMankato, MN 56001
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$1,086 - $1,511
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,075 - $1,500
Required Monthly Fees
$11
Total Monthly Price
$1,086 - $1,511
River Bluff Apartments
405 N 5th StMankato, MN 56001
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$1,100
Plus Fees12 Month Lease Term
Studio Apartments Contact Us For AvailabilitySkyway Property Holdings, LLC - (Studio 5)
507 N Riverfront DrMankato, MN 56001
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$1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowRita Road
188-192 Rita RdMankato, MN 56001
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$1,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Nov 1Total Monthly Price
Base Rent
$1,100
Total Monthly Price
$1,100
429 State St, Unit 203
429 State StMankato, MN 56001
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$1,120 - $1,850
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiverfront Court
115 S Riverfront DrMankato, MN 56001
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$1,140 - $1,450
Plus Fees
2 to 3 Bedroom Apartments Available NowDublin Road Townhomes
304-306 Dublin CtMankato, MN 56001
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.
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$1,200
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
1325 Fair Street, Unit Unit #1
1325 Fair StreetMankato, MN 56001
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633 S 2nd St
MankatoMN56001
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$875 - $1,000
Plus Fees
1 to 2 Bedroom Apartments Available NowCommerce Apartments
1621-1633 Commerce DrNorth Mankato, MN 56003
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$999 - $1,099
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Court Apartments
1620 Village CtNorth Mankato, MN 56003
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.
209 1/2 Cross Street
209 Cross St
North MankatoMN56003
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$1,065
Total Monthly Price
2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,050
Required Monthly Fees
$15
Total Monthly Price
$1,065
Hoover Estates
1866 Lee BlvdNorth Mankato, MN 56003
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Rent Specials
$1,195 - $1,495
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Forde
1111 Range StNorth Mankato, MN 56003
Showing Results 1-35, Page 1 of 1
Downtown Mankato, Mankato, MN Local Guide
Bison cooling off at Minneopa State Park by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent an apartment in Downtown Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mankato Studio Apartments | $925 | $750 | $1,100 |
| Downtown Mankato 1 Bedroom Apartments | $1,427 | $750 | $2,136 |
| Downtown Mankato 2 Bedroom Apartments | $1,539 | $825 | $2,396 |
| Downtown Mankato 3 Bedroom Apartments | $1,765 | $1,299 | $2,820 |
| Downtown Mankato 4 Bedroom Apartments | $1,856 | $1,600 | $2,000 |
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 35 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Mankato Apartments for Rent
The cheapest available apartment rental in the Downtown Mankato area of Mankato, MN is a Studio unit found at Highland Hills Apartments priced from $750. Glenwood Terrace has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Downtown Mankato apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Hills Apartments | Studio | Studio,1BA | $750 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
| Knollcrest | 2 bed | 2BR,1BA | $995 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1,000 |
Best Value Apartments for Rent in Downtown Mankato, MN
As of October 20, 2025 the best value apartment in the Downtown Mankato area is the $0.94 price per square foot Three Bedroom Model at 442 Belgrade Ave in the in the City Center Mankato neighborhood starting from $1,500. The second greatest value Downtown Mankato apartment is the 3 Bedroom 1.5 Bath Affordable Model at Dublin Road Townhomes starting at $1,450 with a $1.14 price per square foot in the City Center Mankato 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. |
|---|---|---|---|
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.94 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.14 |
| 1104 N 5th St, Unit 3 Bed | 1104 N 5th St | 3BR,1BA | $1.08 |
| 320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.09 |
| Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.16 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| 1101 N 6th St, Unit 2 | 1101 N 6th St | 1BR,1BA | $1.13 |
| Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
| 112 S 5th St, Unit Upper | 112 S 5th St | 1BR,1BA | $1.14 |
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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The 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.
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Pet Friendly LifestyleDowntown 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 Downtown Mankato Neighborhood in Mankato, MN
Walk Score®
87 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
82 / 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 Downtown Mankato Apartments
What is the price of a cheap apartment in Downtown Mankato?
The cheapest apartment in Downtown Mankato is Highland Hills Apartments which is listed at $830, while the average apartment in Downtown Mankato costs $2,135.
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 25 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 $877 which is $1,258 cheaper than the average rent for all rentals in Downtown Mankato.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.