
Cheap Apartments for Rent in the East Mankato Neighborhood of Mankato, MN from $500 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in the East Mankato area of Mankato.


323 Warren St, Unit 3

301 N Riverfront Dr, Unit 304

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315 E Walnut St, Unit #2

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609 S Broad St, Unit 4

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Highland Hills Apartments

Glenwood Terrace

Valley View Apartments

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112 Grove St, Unit 3

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River Bluff 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.

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The Grove at Mankato

Village Place Apartments of Mankato

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141 E Welcome Ave, Unit M Hanson Prop.

525 S Broad St

Cherry Ridge Apartments

Huntington Hills Apartments & Townhomes

224 Carroll St

120 S 4th St

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500 Belle Ave, Unit 1

Gray Hawk 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.

Southwood Flats

325 E Plum St

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Woodside Apartments

Cherry Square

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The Edge Apartments

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

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Pfau Reed Apartments

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Augusta Park Estates

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The Alma

525 S 5th St
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.

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120 Locust St

Skyway Properties LLC

Village Place Flats

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1325 Fair Street

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312 N 4th St

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Legacy Park Estates

Dublin Road Townhomes

931 Madison Ave

Ohana Apartments

Cedar Meadow Apartments
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

Rosa Place

Rosa Place Apartments II

The Preserve Apartments

Hilltop Lane Apartments

Colette Townhomes

Knollcrest
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.
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 | $1,150 | $1,110 | $1,315 |
| East Mankato 1 Bedroom Apartments | $1,232 | $750 | $2,155 |
| East Mankato 2 Bedroom Apartments | $1,340 | $900 | $2,025 |
| East Mankato 3 Bedroom Apartments | $1,584 | $1,065 | $2,150 |
| East Mankato 4 Bedroom Apartments | $1,980 | $1,780 | $2,080 |
Browse Apartments in this Neighborhood
There are currently 68 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 $975. 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 | $975 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1,025 |
| Southwood Flats | 1 Bed, 1 Bath (Phase 1) | 1BR,1BA | $1,049 |
| Woodside Apartments | Studio | Studio,1BA | $1,070 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1,120 |
Best Value Apartments for Rent in East Mankato, MN
As of July 12, 2026 the best value apartment in the East Mankato area is the $1.23 price per square foot New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes in the in the University neighborhood starting from $1,850. The second greatest value East Mankato apartment is the 120 Locust St Model at 120 Locust St starting at $1,150 with a $0.88 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. |
|---|---|---|---|
| Willow Cascades Townhomes | New 3Br, 2.5 Bath @ Willow Cascades! | 3BR,2.5BA | $1.23 |
| 120 Locust St | 120 Locust St | 3BR,1BA | $0.88 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.02 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $0.94 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1.17 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $1.37 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $1.38 |
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 #2
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 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 $1,120.
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 $2,242.
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 12 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 $419 which is $1,823 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.