Cheap Apartments for Rent in the East Mankato Neighborhood of Mankato, MN from $500 (72 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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120 Locust St
$865 - $1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$865 - $1,200

Total Monthly Price
$865 - $1,200
1 to 3 Bedroom Apartment Available Jun 1

120 Locust St

120 Locust StMankato, MN 56001
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107 E Liberty St, Unit 2
$895
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895
1 Bedroom Apartment Available Jul 1

107 E Liberty St, Unit 2

107 E Liberty StMankato, MN 56001
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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.

property at 224 Carroll St

$1,024

Total Monthly Price

Total Monthly Price

Base Rent
$1,024

Total Monthly Price
$1,024

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

224 Carroll St

MankatoMN56001
property at 120 S 4th St

$1,024

Total Monthly Price

Total Monthly Price

Base Rent
$1,024

Total Monthly Price
$1,024

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

120 S 4th St

MankatoMN56001
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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
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  • Utilities Included
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River Bluff Apartments
Rent Specials
$1,100 - $1,630
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,070 - $1,600
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Outdoors
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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
$1,110 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095 - $1,675
Required Monthly Fees
$15

Total Monthly Price
$1,110 - $1,690
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
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  • Utilities Included
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Augusta Park Estates
Rent Specials
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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The Alma
$1,131
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,101
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
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320 E Hickory St, Unit 1
$1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200
3 Bedroom Apartment Available Now

320 E Hickory St, Unit 1

320 E Hickory StMankato, MN 56001
Cost Per Sq.Ft.
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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39

Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
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  • Utilities Included
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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.

property at 725 N 6th St

$1,495

Total Monthly Price13 Month Lease Term

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

725 N 6th 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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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
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River Bluff Suites
Studio to 2 Bedroom Apartments

River Bluff Suites

123 N 4th StMankato, MN 56001
  • Utilities Included
property at 326 E Washington St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Jun 5

326 E Washington St

MankatoMN56001
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Rosa Place
1 to 3 Bedroom Apartments

Rosa Place

510 Timberwolf DrMankato, 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
  • Utilities Included
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Colette Townhomes
2 to 3 Bedroom Apartments

Colette Townhomes

428 Commodore DrMankato, MN 56001

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

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 ListingModel NameBed/BathPriced From
Glenwood Terrace1 BR/1 BA1BR,1BA$880
Village Place Apartments of MankatoOne Bedroom1BR,1BA$900
Cherry Ridge ApartmentsTax Credit2BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Rita Road2 Bed 1 Bath2BR,1BA$1,100
River Bluff ApartmentsTwo Bedroom2BR,1BA$1,100
Southwood Flats1 Bed, 1 Bath (Phase 1)1BR,1BA$1,114
Huntington Hills Apartments & Townhomes2 Bedroom Apartment2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
Willow Cascades TownhomesNew 3Br, 2.5 Bath @ Willow Cascades!3BR,2.5BA$1.23
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.20
313 E Rock St, Unit 2313 E Rock St2BR,1BA$1.25
Augusta Commons3 Bedroom 2 Bath3BR,2BA$1.27
320 E Hickory St, Unit 1320 E Hickory St3BR,1BA$1.20
Rita Road2 Bed 1 Bath2BR,1BA$1.29
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Village Place Apartments of MankatoOne Bedroom1BR,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.

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Real 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.

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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 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!

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.