
Cheap Apartments for Rent in the East Mankato Neighborhood of Mankato, MN from $575 (73 Rentals)
Search the lowest-cost Apartments available for rent right now in the East Mankato area of Mankato.


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200 E Elm St, Unit Apt 4

322 E Walnut St

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609 S Broad St, Unit 4

107 E Liberty St

Glenwood Terrace

Valley View Apartments

100 Glenwood Ave

426 N 5th St, Unit 1

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The Grove at Mankato
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

525 S Broad St

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Highland Hills Apartments

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930 N 5th St, Unit 2

Southwood Flats

224 Carroll St

Gray Hawk Apartments

Skyway Properties LLC

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500 Belle Ave, Unit 1

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501 N 5th St, Unit Upper Level 1/2

Cherry Square
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Edge Apartments

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River Bluff Apartments

Victory Ridge Apartments

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Augusta Park Estates

Huntington Hills Apartments & Townhomes

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The Alma

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116 Van Brunt St, Unit 1

Cedar Meadow Apartments

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1325 Fair Street

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101 S Broad St, Unit 1
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Legacy Park Estates

Dublin Road Townhomes

Village Place Apartments of Mankato

Village Place Flats

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214 Heather Ln, Unit 3

931 Madison Ave

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422 Commodore Dr, Unit 426

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Woodside Apartments

Cardinal Creek Apartments

Riverfront Court
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.

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Pond View Heights Apartments

Ohana Apartments

404 S 4th St

Eastport Apartments

River Bluff Suites

Rosa Place Apartments II

Rosa Place

The Preserve Apartments

Hilltop Lane Apartments

Colette Townhomes
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.
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 | $1,141 | $900 | $1,315 |
| East Mankato 1 Bedroom Apartments | $1,249 | $724 | $2,155 |
| East Mankato 2 Bedroom Apartments | $1,373 | $722 | $2,150 |
| East Mankato 3 Bedroom Apartments | $1,580 | $1,199 | $2,415 |
| East Mankato 4 Bedroom Apartments | $1,980 | $1,780 | $2,080 |
Browse Apartments in this Neighborhood
There are currently 73 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. Parkway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $974. 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 |
| Parkway Apartments | 1 Bed, 1 Bath | 1BR,1BA | $974 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Highland Hills Apartments | Evergreen Terrace | 2BR,1BA | $1,000 |
| Southwood Flats | 1 Bed, 1 Bath (Phase 1) | 1BR,1BA | $1,004 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1,025 |
| Skyway Properties LLC | 0BR/1.0BA | Studio,1BA | $1,050 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $1,075 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1,191 |
Best Value Apartments for Rent in East Mankato, MN
As of August 27, 2026 the best value apartment in the East Mankato area is the $0.80 price per square foot 101 S Broad St Model at 101 S Broad St, Unit 1 in the in the University neighborhood starting from $1,200. The second greatest value East Mankato apartment is the 214 Heather Ln Model at 214 Heather Ln, Unit 3 starting at $1,250 with a $0.96 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. |
|---|---|---|---|
| 101 S Broad St, Unit 1 | 101 S Broad St | 2BR,1BA | $0.80 |
| 214 Heather Ln, Unit 3 | 214 Heather Ln | 3BR,2BA | $0.96 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.19 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.26 |
| 422 Commodore Dr, Unit 426 | 422 Commodore Dr | 2BR,1BA | $1.05 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.21 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.30 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1.17 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.73 |
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 #3
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
Mankato East Senior High School
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 $1,300.
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 20 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 $354 which is $946 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.