235 Belgrade Ave
North MankatoMN56003
Cheap Homes for Rent in Downtown Mankato Neighborhood of Mankato, MN from $1,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Mankato area of Mankato.
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.
526 N 2nd St
MankatoMN56001
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.
526 N 2nd St
MankatoMN56001
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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 a home in Downtown Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Mankato 2 Bedroom Homes for Rent | $1,550 | $1,550 | $1,550 |
| Downtown Mankato 4 Bedroom Homes for Rent | $2,180 | $2,180 | $2,180 |
| Downtown Mankato 5 Bedroom Homes for Rent | $1,695 | $1,695 | $1,695 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Mankato Neighborhood of Mankato, MN.
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Downtown Mankato, Mankato, MN Local Guide
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Best Value Apartments for Rent in Downtown Mankato, MN
As of July 25, 2025 the best value apartment in the Downtown Mankato area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Downtown Mankato apartment is the 220 State St Model at 220 State St, Unit #2 2nd Floor 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. |
|---|---|---|---|
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| 220 State St, Unit #2 2nd Floor | 220 State St | 3BR,1BA | $0.80 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $0.69 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.13 |
| Gray Hawk Apartments | Large Two Bedroom | 2BR,1BA | $1.21 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Bunting Lane Apartments | Three Bed | 3BR,1.5BA | $0.63 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.27 |
| 105 Hanover St, Unit #2 | 105 Hanover St | 1BR,1BA | $1.23 |
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Frequently Asked Questions about Downtown Mankato
What type of rentals are currently available in Downtown Mankato?
There are currently 64 Apartments for Rent in Downtown Mankato, MN with pricing that ranges from $675 to $2,500. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Mankato ranging from $1,550 to $2,180.
What is the current price range for Rental Homes in Downtown Mankato?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Mankato ranges from $1,550 to $2,180 with an average monthly rent of $1,808.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.