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Cheap Homes for Rent in Downtown Mankato Neighborhood of Mankato, MN from $1,100 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Mankato area of Mankato.
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.
525 S 5th St
MankatoMN56001
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.
327 E Walnut 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 | $1,172 | $1,145 | $1,200 |
| Downtown Mankato 4 Bedroom Homes for Rent | $2,180 | $2,180 | $2,180 |
| Downtown Mankato 5 Bedroom Homes for Rent | $1,645 | $1,645 | $1,645 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 September 08, 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 Three Bedroom Model at Timberwolf Townhomes starting at $1,850 with a $1.20 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 |
| Timberwolf Townhomes | Three Bedroom | 3BR,2.5BA | $1.20 |
| Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
| 704 N 2nd St, Unit 1 | 704 N 2nd St | 2BR,1BA | $0.76 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| 206 W 9th St, Unit Upper | 206 W 9th St | 2BR,1BA | $1.19 |
| 1027 N Broad St, Unit Apt 3 | 1027 N Broad St | 1BR,1BA | $0.80 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
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Pet Friendly LifestyleDowntown Mankato, Mankato, MN
Ranked #6
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Mankato
What type of rentals are currently available in Downtown Mankato?
There are currently 69 Apartments for Rent in Downtown Mankato, MN with pricing that ranges from $800 to $2,095. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Mankato ranging from $1,145 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 $1,145 to $2,180 with an average monthly rent of $1,665.
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.
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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.