Cheap Homes for Rent in East Mankato Neighborhood of Mankato, MN from $1,000 (11 Rentals)

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

property at 203 Valley St

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

203 Valley St

MankatoMN56001
property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001
property at 312 Belgrade Ave

$1,200 - $1,450

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,450

Total Monthly Price
$1,200 - $1,450

3 To 4 Bedroom Homes for Rent

Available Now

312 Belgrade Ave

North MankatoMN56003

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 103 Lincoln St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Condo for Rent

Available Jul 11

103 Lincoln St

MankatoMN56001
property at 1611 5th Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

1611 5th Ave

MankatoMN56001
property at 34 Wood Dr

$1,364

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,364

Total Monthly Price
$1,364

3 Bedroom, 2 Bath Home for Rent

Available Now

34 Wood Dr

MankatoMN56001
property at 127 Laurinda Ln

$1,399

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,399

Total Monthly Price
$1,399

2 Bedroom, 2 Bath Home for Rent

Available Now

127 Laurinda Ln

MankatoMN56001
property at 306 Louva Ln

$1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 2 Bath Home for Rent

Available Now

306 Louva Ln

MankatoMN56001

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.

property at 121 Lynn Ln

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

121 Lynn Ln

MankatoMN56001

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. Cherry Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. 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
Cherry Square1 Bedroom1BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
River Bluff ApartmentsOne Bedroom1BR,1BA$1,011
Ohana ApartmentsStudio (Phase III - Type 7)Studio,1BA$1,084

Best Value Apartments for Rent in East Mankato, MN

As of April 12, 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 528 N 5th St Model at 528 N 5th St starting at $1,200 with a $0.86 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
528 N 5th St528 N 5th St3BR,1BA$0.86
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.11
225 Belgrade Ave, Unit B225 Belgrade Ave2BR,1BA$1.09
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
Rita Road2 Bed 1 Bath2BR,1BA$1.29
Huntington Hills Apartments & Townhomes2 Bedroom Apartment2BR,1BA$1.37
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
612 N 4th St612 N 4th St1BR,1BA$1.42
Glenwood Terrace1 BR/1 BA1BR,1BA$1.38

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
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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.

Read Article
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
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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.

Read Article
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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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Frequently Asked Questions about East Mankato

What type of rentals are currently available in East Mankato?

There are currently 139 Apartments for Rent in East Mankato, MN with pricing that ranges from $750 to $2,794. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Mankato ranging from $1,000 to $2,495.

What is the current price range for Rental Homes in East Mankato?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Mankato ranges from $1,000 to $2,495 with an average monthly rent of $1,717.

How much are larger Three and Four Bedroom Rentals in East Mankato?

For those who are looking for larger living arrangements, Three Bedroom Apartments in East Mankato range from $1,200 to $2,794, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,500.

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 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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.