
Cheap Apartments for Rent in the Erlandson Park Neighborhood of Mankato, MN from $500 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Erlandson Park area of Mankato.


Highland Hills Apartments

Glenwood Terrace

Valley View Apartments

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305 1/2 Elm St, Unit 305.5, Unit 305.5

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717 N 2nd St, Unit 4, Unit 4

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141 E Welcome Ave, Unit M Hanson Prop., Unit M Hanson Prop.

Cherry Square
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.

Village Place Apartments of Mankato

Huntington Hills Apartments & Townhomes

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612 N 4th St

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500 Belle Ave

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River Bluff Apartments

Gray Hawk Apartments

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Woodside Apartments

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The Edge 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.

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407 Glenwood Ave, Unit 2, Unit 2

Cherry Ridge Apartments

Skyway Properties LLC

Rita Road

Southwood Flats

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Augusta Park Estates

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The Alma

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1325 Fair Street, Unit Unit #4, Unit Unit #4
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.

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320 E Hickory St, Unit 1, Unit 1

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313 E Rock St, Unit 2, Unit 2

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Legacy Park Estates

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1428 N 4th St, Unit #1, Unit #1

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422 Commodore Dr, Unit 424, Unit 424

Riverfront Court

Cardinal Creek Apartments

Parkway
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

River Bluff Suites

326 E Washington St

Knollcrest

325 E Washington St

107 S 5th St

Echo Rivers

442 Belgrade Ave

Commerce Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Erlandson Park, Mankato, MN Local Guide

How much does it cost to rent an apartment in Erlandson Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Erlandson Park Studio Apartments | $1,045 | $500 | $1,315 |
| Erlandson Park 1 Bedroom Apartments | $1,357 | $855 | $2,120 |
| Erlandson Park 2 Bedroom Apartments | $1,554 | $950 | $2,370 |
| Erlandson Park 3 Bedroom Apartments | $1,843 | $1,200 | $2,794 |
| Erlandson Park 4 Bedroom Apartments | $2,065 | $1,780 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Erlandson Park Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
Erlandson Park, Mankato, MN Local Guide
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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 442 Belgrade Ave priced from $835. Glenwood Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Erlandson Park apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,030 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1,095 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1,100 |
Best Value Apartments for Rent in Erlandson Park, MN
As of April 25, 2026 the best value apartment in the Erlandson Park 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 Erlandson Park apartment is the 3 Bedroom 1.5 Bath Affordable Model at Dublin Road Townhomes starting at $1,633 with a $1.28 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.28 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.09 |
| 320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.20 |
| 305 1/2 Elm St, Unit 305.5 | 305 1/2 Elm St | 1BR,1BA | $1.02 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.12 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
| 612 N 4th St | 612 N 4th St | 2BR,1BA | $1.28 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
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 ArticleDon'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 ArticleThe 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 ArticleCash 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 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 LifestyleErlandson Park, Mankato, MN
Ranked #3
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
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 442 Belgrade Ave which is listed at $835, 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 21 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 $713 which is $1,422 cheaper than the average rent for all rentals in Erlandson Park.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

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.

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.