Cheap Apartments for Rent in the East Mankato Neighborhood of Mankato, MN from $500 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the East 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.

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.

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404 S 4th St
Studio to 2 Bedroom Apartments

404 S 4th St

404 S 4th StMankato, MN 56001
  • Utilities Included
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Parkway
1 to 2 Bedroom Apartments

Parkway

101-103 Parkway AveMankato, MN 56001

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Rosa Place
1 to 3 Bedroom Apartments

Rosa Place

510 Timberwolf DrMankato, MN 56001
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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River Bluff Suites
1 Bedroom Apartments

River Bluff Suites

123 N 4th StMankato, MN 56001
  • Utilities Included
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The Preserve Apartments
1 to 3 Bedroom Apartments

The Preserve Apartments

240 Jaycee CtMankato, MN 56001
Student Housing
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Gray Hawk Apartments
1 to 3 Bedroom Apartments

Gray Hawk Apartments

160-180 Homestead RdMankato, MN 56001
  • Utilities Included

East Mankato, Mankato, MN Local Guide

Cheapest Available East Mankato Apartments for Rent

 

The cheapest available apartment rental in the East Mankato area of Mankato, MN is a 1 Bed unit found at Highland Hills Apartments priced from $775. Woodside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,045. Here are the most affordable East Mankato apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
Woodside ApartmentsStudioStudio,1BA$1,045
River Bluff ApartmentsTwo Bedroom2BR,1BA$1,070
Riverfront CourtTwo Bedroom/ One Bathroom w Balcony2BR,1BA$1,120
Huntington Hills Apartments & Townhomes2 Bedroom Apartment2BR,1BA$1,150

Best Value Apartments for Rent in East Mankato, MN

As of June 17, 2025 the best value apartment in the East Mankato area is the $1.32 price per square foot 2BR/2.0BA Model at Bridge Plaza Apartments in the in the University neighborhood starting from $2,700. The second greatest value East 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 East Mankato apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bridge Plaza Apartments2BR/2.0BA2BR,2BA$1.32
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
Cardinal Creek ApartmentsTwo Bedroom2BR,2BA$1.29
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
The Grove at MankatoB2C3BR,2BA$1.41
Cedar Meadow Apartments3BR3BR,1BA$1.35
612 N 4th St, Unit 1612 N 4th St2BR,1BA$1.22
River Bluff ApartmentsTwo Bedroom2BR,1BA$1.38
1104 N 5th St, Unit 1 Bed1104 N 5th St1BR,1BA$1.04

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
East Mankato, Mankato, MN

Ranked #1

Among neighborhoods in Mankato, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Central Mankato, MN. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the East Mankato Neighborhood in Mankato, MN

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap East Mankato Apartments

What is the price of a cheap apartment in East Mankato?

The cheapest apartment in East Mankato is Highland Hills Apartments which is listed at $775, while the average apartment in East Mankato costs $1,850.

What types of apartments are the cheapest in East 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 13 regular apartments in East 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 East Mankato?

Cheap apartments in East Mankato have an average cost of $986 which is $864 cheaper than the average rent for all rentals in East 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.

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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.