Cheap Homes for Rent in Downtown Mankato Neighborhood of Mankato, MN from $1,500 (3 Rentals)

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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.

property at 526 N 2nd St

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.

Downtown Mankato, Mankato, MN Local Guide

Best Value Apartments for Rent in Downtown Mankato, MN

As of July 23, 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 2 Bedroom 1 Bath Model at Tartan Glen starting at $1,550 with a $1.22 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
The Edge ApartmentsTwo Bedroom2BR,1BA$0.69
Cedar Meadow Apartments3BR3BR,1BA$1.35
Gray Hawk ApartmentsLarge Two Bedroom2BR,1BA$1.21
500 Belle Ave, Unit 1500 Belle Ave2BR,1BA$1.32
Glenwood Terrace2 BR/ 1 BA2BR,1BA$1.14
Bunting Lane ApartmentsThree Bed3BR,1.5BA$0.63
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.27
105 Hanover St, Unit #2105 Hanover St1BR,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 66 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.

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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.

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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.

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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.

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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.