
Cheap Apartments for Rent in the East Mankato Neighborhood of Mankato, MN from $500 (72 Rentals)
Search the lowest-cost Apartments available for rent right now in the East Mankato area of Mankato.


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609 S Broad St, Unit Unit 1

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522 S 4th St, Unit 522 South 4th St

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120 Locust St

Glenwood Terrace

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107 E Liberty St, Unit 2

Valley View Apartments

Village Place Apartments of Mankato

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505 S 4th St, Unit 2

Cherry Ridge Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Cherry Square

Huntington Hills Apartments & Townhomes

224 Carroll St

120 S 4th St

Gray Hawk Apartments

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The Edge Apartments

Skyway Properties LLC

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118 Van Brunt St, Unit 2

Rita Road

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River Bluff Apartments
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.

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Woodside Apartments

Southwood Flats

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Augusta Park Estates

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The Alma

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500 Belle Ave, Unit 1

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320 E Hickory St, Unit 1

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1325 Fair Street, Unit Unit #4

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Legacy Park Estates

Dublin Road Townhomes

Ohana Apartments
Cash 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.

Village Place Flats

Cedar Meadow Apartments

Cardinal Creek Apartments

Riverfront Court

314 E Cherry St

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513 N Riverfront Dr

418 S 4th St

Augusta Commons

725 N 6th St

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313 E Rock St, Unit 2
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.

404 S 4th St

Eastport Apartments

Parkway

River Bluff Suites

326 E Washington St

Rosa Place Apartments II

Rosa Place

The Preserve Apartments

Hilltop Lane Apartments

Colette Townhomes
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.
East Mankato, Mankato, MN Local Guide

How much does it cost to rent an apartment in East Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Mankato Studio Apartments | $1,087 | $750 | $1,315 |
| East Mankato 1 Bedroom Apartments | $1,359 | $800 | $2,120 |
| East Mankato 2 Bedroom Apartments | $1,522 | $925 | $2,370 |
| East Mankato 3 Bedroom Apartments | $1,791 | $1,200 | $2,794 |
| East Mankato 4 Bedroom Apartments | $2,032 | $1,600 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 72 rentals with your search options within a 2 mile radius of the East Mankato Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
East Mankato, Mankato, MN Local Guide
- Nearby Mankato neighborhoods
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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 Glenwood Terrace priced from $880. Village Place Apartments of Mankato has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable East Mankato apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $900 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1,100 |
| River Bluff Apartments | Two Bedroom | 2BR,1BA | $1,100 |
| Southwood Flats | 1 Bed, 1 Bath (Phase 1) | 1BR,1BA | $1,114 |
| Huntington Hills Apartments & Townhomes | 2 Bedroom Apartment | 2BR,1BA | $1,150 |
Best Value Apartments for Rent in East Mankato, MN
As of May 27, 2026 the best value apartment in the East 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 East Mankato apartment is the New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes starting at $1,850 with a $1.23 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Willow Cascades Townhomes | New 3Br, 2.5 Bath @ Willow Cascades! | 3BR,2.5BA | $1.23 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.25 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| 320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.20 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Village Place Apartments of Mankato | One Bedroom | 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleEast Mankato, Mankato, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in East Mankato, Mankato, MN
Prairie Winds Middle School
School data provided by Great Schools
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!
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 Glenwood Terrace which is listed at $880, while the average apartment in East Mankato costs $2,267.
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 19 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 $472 which is $1,795 cheaper than the average rent for all rentals in East Mankato.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.