325 E Washington St
MankatoMN56001
Cheap Homes for Rent in Downtown Mankato Neighborhood of Mankato, MN from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Mankato area of Mankato.
235 Belgrade Ave
North MankatoMN56003
218 N 4th St
MankatoMN56001
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.
418 S 4th St
MankatoMN56001
245 Wheeler Ave
North MankatoMN56003
123 N Broad 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.
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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 | $1,448 | $1,050 | $1,700 |
| Downtown Mankato 3 Bedroom Homes for Rent | $1,575 | $1,575 | $1,575 |
| Downtown Mankato 4 Bedroom Homes for Rent | $1,920 | $1,540 | $2,300 |
| Downtown Mankato 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
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 6 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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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 Village Place Apartments priced from $735. Lewis Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here are the most affordable Downtown Mankato apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Place Apartments | Studio | Studio,1BA | $735 |
| Lewis Lofts | 1a1t | 1BR,1BA | $784 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
Best Value Apartments for Rent in Downtown Mankato, MN
As of March 08, 2026 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 One Half Bathroom Model at Sibley Village Townhomes starting at $1,795 with a $1.16 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 |
| Sibley Village Townhomes | Three Bedroom One Half Bathroom | 3BR,1.5BA | $1.16 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.17 |
| 225 Belgrade Ave, Unit B | 225 Belgrade Ave | 2BR,1BA | $1.09 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| 119 S 6th St, Unit 1 | 119 S 6th St | 2BR,1BA | $1.20 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Lewis Lofts | 1a1t | 1BR,1BA | $1.27 |
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.
Read Article
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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 70 Apartments for Rent in Downtown Mankato, MN with pricing that ranges from $735 to $2,830. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Mankato ranging from $1,050 to $2,300.
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 $1,050 to $2,300 with an average monthly rent of $1,648.
How much are larger Three and Four Bedroom Rentals in Downtown Mankato?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Mankato range from $1,349 to $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $1,575. Four Bedroom Single-Family rentals are also available starting from $1,540 and Four Bedroom Apartments start at $1,780.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.