Cheap Apartments for Rent in the Five Corners Neighborhood of Mankato, MN from $500 (48 Rentals)

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

property at 323 Warren St

$750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

323 Warren St, Unit 3

323 Warren St
MankatoMN56001
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315 E Walnut St, Unit #2
$800
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800
1 Bedroom Apartment Available Sep 1

315 E Walnut St, Unit #2

315 E Walnut StMankato, MN 56001
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Highland Hills Apartments
$855 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$855 - $1,980

Total Monthly Price
$855 - $1,980
1 to 5 Bedroom Apartments Available Aug 1

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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  • Customer Reviewed
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30

Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Aug 14

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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property at 525 S Broad St

$985

Total Monthly Price

Total Monthly Price

Base Rent
$985

Total Monthly Price
$985

2 Bedroom, 1 Bath Home for Rent

Available Sep 1

525 S Broad St

MankatoMN56001
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930 N 5th St, Unit 2
$1,000
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000
2 Bedroom Apartment Available Sep 1

930 N 5th St, Unit 2

930 N 5th StMankato, MN 56001
Cost Per Sq.Ft.
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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.

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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
$30

Total Monthly Price
$1,080 - $1,330
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
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Augusta Park Estates
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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River Bluff Apartments
Rent Specials
$1,130 - $1,530
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100 - $1,500
Required Monthly Fees
$30

Total Monthly Price
$1,130 - $1,530
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
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property at 525 S 5th St

$1,145

2 Bedroom, 1 Bath Rentals

Available Now

525 S 5th St

MankatoMN56001

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Alma
$1,167
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,137
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
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312 N 4th St
$1,200 - $1,800
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,800

Total Monthly Price
$1,200 - $1,800
2 to 4 Bedroom Apartment Available Aug 1

312 N 4th St

312 N 4th StMankato, MN 56001
Cost Per Sq.Ft.
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1325 Fair Street
$1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200
2 Bedroom Apartment Available Now

1325 Fair Street

1325 Fair StreetMankato, MN 56001
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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39

Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Aug 14

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
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  • 3D Tour

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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Axis Lofts
$1,370 - $1,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,745
Required Monthly Fees
$75

Total Monthly Price
$1,370 - $1,820
1 Bedroom Apartments Available Aug 1

Axis Lofts

1247 Range StMankato, MN 56001
Furnished
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Silos Apartments
$1,454
Total Monthly Price

Total Monthly Price

Base Rent
$1,399
Required Monthly Fees
$55

Total Monthly Price
$1,454
1 Bedroom Apartments Available Sep 1

Silos Apartments

302 N 2nd StMankato, MN 56001
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404 S 4th St
Studio to 2 Bedroom Apartments

404 S 4th St

404 S 4th StMankato, MN 56001
  • Utilities Included
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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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107 S 5th St
Studio to 2 Bedroom Apartments

107 S 5th St

107 S 5th StMankato, MN 56001
property at 210 S 4th

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

4 Bedroom, 1 Bath Condo for Rent

Available Aug 14

210 S 4th

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.

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Village Court Apartments
Rent Specials
$1,028 - $1,178
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,028 - $1,178

Total Monthly Price
$1,028 - $1,178
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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  • Utilities Included
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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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Cheapest Available Five Corners Apartments for Rent

 

The cheapest available apartment rental in the Five Corners area of Mankato, MN is a 1 Bed unit found at Village Court Apartments priced from $928. 442 Belgrade Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Five Corners apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
442 Belgrade AveTwo Bedroom2BR,1BA$995
Cherry Ridge ApartmentsTax Credit2BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Huntington Hills Apartments & Townhomes1BR Apartment1BR,1BA$1,000
Commerce ApartmentsTwo Bedroom2BR,1BA$1,000
Southwood Flats1 Bed, 1 Bath (Phase 1)1BR,1BA$1,049
Hoover Estates2/12BR,1BA$1,065
The Edge ApartmentsOne Bedroom1BR,1BA$1,080

Best Value Apartments for Rent in Five Corners, MN

As of July 29, 2026 the best value apartment in the Five Corners area is the $1.20 price per square foot 3 Bedroom 1.5 Bath Market Model at Dublin Road Townhomes in the in the City Center Mankato neighborhood starting from $1,525. The second greatest value Five Corners apartment is the 2 Beds, 1 bath Model at Pfau Reed Apartments starting at $1,120 with a $1.02 price per square foot in the University neighborhood. Here is today’s list of the best values for Five Corners apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.20
Pfau Reed Apartments2 Beds, 1 bath2BR,1BA$1.02
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
125 N Broad St, Unit 125 N Broad St Apt 1125 N Broad St1BR,1BA$0.95
442 Belgrade AveTwo Bedroom2BR,1BA$1.12
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
429 State St, Unit 203429 State St2BR,1BA$1.38
The Edge ApartmentsOne Bedroom1BR,1BA$1.39
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.66
Commerce ApartmentsTwo Bedroom2BR,1BA$1.36

Frequently Asked Questions about Cheap Five Corners Apartments

What is the price of a cheap apartment in Five Corners?

The cheapest apartment in Five Corners is Huntington Hills Apartments & Townhomes which is listed at $1,000, while the average apartment in Five Corners costs $2,242.

What types of apartments are the cheapest in Five Corners?

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 11 regular apartments in Five Corners 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 Five Corners?

Cheap apartments in Five Corners have an average cost of $452 which is $1,790 cheaper than the average rent for all rentals in Five Corners.

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

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Rent According to Income: A Look at Income-Restricted Rentals

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.