Cheap Apartments for Rent in the Erlandson Park Neighborhood of Mankato, MN from $400 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Erlandson Park area of Mankato.

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930 N 5th St, Unit 3
$750
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750
1 Bedroom Apartment Available Jan 1, 2026

930 N 5th St, Unit 3

930 N 5th StMankato, MN 56001
Cost Per Sq.Ft.
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property at 204 N 5th St

204 N 5th St

MankatoMN56001

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107 E Liberty St, Unit 1
$915
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$915

Total Monthly Price
$915
1 Bedroom Apartment Available Jan 1, 2026

107 E Liberty St, Unit 1

107 E Liberty StMankato, MN 56001
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149 E Welcome Ave, Unit 4
$1,050
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050
2 Bedroom Apartment Available Aug 1, 2026

149 E Welcome Ave, Unit 4

149 E Welcome AveMankato, MN 56001
Affordability
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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
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Echo Rivers
1 to 2 Bedroom Apartments

Echo Rivers

115 Echo StMankato, MN 56001
  • Utilities Included
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107 S 5th St
Studio to 2 Bedroom Apartments

107 S 5th St

107 S 5th StMankato, MN 56001

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Erlandson Park, Mankato, MN Local Guide

Cheapest Available Erlandson Park Apartments for Rent

 

The cheapest available apartment rental in the Erlandson Park area of Mankato, MN is a 1 Bed unit found at Village Place Apartments priced from $900. Cherry Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Erlandson Park apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Village Place Apartments1 Bedroom - TIF Program1BR,1BA$900
Cherry Square1 Bedroom1BR,1BA$995
Knollcrest2 bed2BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Woodside ApartmentsStudioStudio,1BA$1,055
Riverfront CourtTwo Bedroom/ One Bathroom w Balcony2BR,1BA$1,120
Huntington Hills Apartments & TownhomesLarge 2BR2BR,1BA$1,200

Best Value Apartments for Rent in Erlandson Park, MN

As of December 04, 2025 the best value apartment in the Erlandson Park area is the $1.19 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Erlandson Park apartment is the Three Bedroom Model at 442 Belgrade Ave starting at $1,500 with a $0.94 price per square foot in the City Center Mankato neighborhood. Here is today’s list of the best values for Erlandson Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run TownhomesFox Run Townhomes3BR,2.5BA$1.19
442 Belgrade AveThree Bedroom3BR,2BA$0.94
Wolf Point TownhomesThree Bedroom3BR,2.5BA$1.28
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.14
1104 N 5th St, Unit 3 Bed1104 N 5th St3BR,1BA$1.08
The Edge ApartmentsTwo Bedroom2BR,1BA$1.28
Knollcrest2 bed2BR,1BA$1.11
500 Belle Ave, Unit 1500 Belle Ave2BR,1BA$1.32
608 N 4th St, Unit 1608 N 4th St2BR,1BA$1.24
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92

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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
Erlandson Park, Mankato, MN

Ranked #4

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 compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Minnesota, including Mankato. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Erlandson Park Neighborhood in Mankato, MN

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Erlandson Park Apartments

What is the price of a cheap apartment in Erlandson Park?

The cheapest apartment in Erlandson Park is Cherry Square which is listed at $995, while the average apartment in Erlandson Park costs $2,135.

What types of apartments are the cheapest in Erlandson Park?

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 16 regular apartments in Erlandson Park 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 Erlandson Park?

Cheap apartments in Erlandson Park have an average cost of $644 which is $1,491 cheaper than the average rent for all rentals in Erlandson Park.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.