Cheap Apartments for Rent in the East Mankato Neighborhood of Mankato, MN from $500 (16 Rentals)

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

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930 N 5th St, Unit 3
$750
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750
1 Bedroom Apartment Available Jan 1, 2026

930 N 5th St, Unit 3

930 N 5th StMankato, MN 56001
Cost Per Sq.Ft.
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528 N 6th St, Unit .5
$825
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825
2 Bedroom Apartment Available Now

528 N 6th St, Unit .5

528 N 6th StMankato, MN 56001
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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.

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107 E Liberty St, Unit 3
$875
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875
1 Bedroom Apartment Available Now

107 E Liberty St, Unit 3

107 E Liberty StMankato, MN 56001
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1101 N 6th St, Unit 2
$900
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900
1 Bedroom Apartment Available Now

1101 N 6th St, Unit 2

1101 N 6th StMankato, MN 56001
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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

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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Parkway
1 to 2 Bedroom Apartments

Parkway

101-103 Parkway AveMankato, MN 56001
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River Bluff Suites
Studio to 2 Bedroom Apartments

River Bluff Suites

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

Rosa Place

510 Timberwolf DrMankato, MN 56001
  • Utilities Included

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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The Preserve Apartments
1 to 3 Bedroom Apartments

The Preserve Apartments

240 Jaycee CtMankato, MN 56001
Student Housing
  • 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 Studio unit found at Highland Hills Apartments priced from $750. Glenwood Terrace has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable East Mankato apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsStudioStudio,1BA$750
Glenwood Terrace2 BR/ 1 BA2BR,1BA$950
Knollcrest2 bed2BR,1BA$995
Huntington Hills Apartments & Townhomes1BR Apartment1BR,1BA$1,000
Cherry Square1 Bedroom1BR,1BA$1,025

Best Value Apartments for Rent in East Mankato, MN

As of October 12, 2025 the best value apartment in the East Mankato area is the $1.19 price per square foot Fox Run Townhomes 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 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 East Mankato apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run TownhomesFox Run Townhomes3BR,2.5BA$1.19
Timberwolf TownhomesThree Bedroom3BR,2.5BA$1.20
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.14
Southwood Flats2 Bed, 1 Bath (remodeled)2BR,1BA$1.16
505 S 4th St, Unit 1505 S 4th St1BR,1BA$0.83
Knollcrest2 bed2BR,1BA$1.11
Glenwood Terrace2 BR/ 1 BA2BR,1BA$1.14
1101 N 6th St, Unit 21101 N 6th St1BR,1BA$1.13
Bunting Lane ApartmentsTwo Bed2BR,1BA$0.82
112 S 5th St, Unit Upper112 S 5th St1BR,1BA$1.14

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Pet Friendly Lifestyle
East Mankato, Mankato, MN

Ranked #1

Among cities in Minnesota 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 a cheap apartment in East Mankato?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Mankato is under $1,025.

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 $830, while the average apartment in East Mankato costs $2,135.

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 15 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 $991 which is $1,144 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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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.