
Cheap Homes for Rent in the East Mankato Neighborhood of Mankato, MN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the East Mankato area of Mankato.


301 N Riverfront Dr, Unit 304

325 E Washington St

114 Lynn Ln

525 S 5th St
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.

815 N 4th St

121 Lynn Ln

122 Terri Ln

136 Lynn Ln

730 N Broad St
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 a home in East Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Mankato 2 Bedroom Homes for Rent | $1,542 | $1,025 | $1,750 |
| East Mankato 3 Bedroom Homes for Rent | $1,825 | $1,150 | $2,395 |
| East Mankato 4 Bedroom Homes for Rent | $2,108 | $1,425 | $2,679 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the East Mankato Neighborhood of Mankato, MN.
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East Mankato, Mankato, MN Local Guide
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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 |
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
Frequently Asked Questions about East Mankato
What type of rentals are currently available in East Mankato?
There are currently 133 Apartments for Rent in East Mankato, MN with pricing that ranges from $750 to $2,350. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Mankato ranging from $750 to $2,679.
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 $750 to $2,679 with an average monthly rent of $1,657.
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 $1,065 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $1,780.
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.