
Cheap Apartments for Rent in the Five Corners Neighborhood of Mankato, MN from $300 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Corners area of Mankato.


Lewis Lofts

Village Place Apartments

Glenwood Terrace

Valley View Apartments

Total Monthly Price
717 N 2nd St, Unit 4

Total Monthly Price
157 E Welcome Ave, Unit 1
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Cherry Square

404 S 4th St

River Bluff Suites

315 E Cherry St

442 Belgrade Ave

Commerce Apartments

Village Court Apartments
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Five Corners, Mankato, MN Local Guide

How much does it cost to rent an apartment in Five Corners?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Corners Studio Apartments | $1,104 | $750 | $1,295 |
| Five Corners 1 Bedroom Apartments | $1,460 | $451 | $2,146 |
| Five Corners 2 Bedroom Apartments | $1,614 | $538 | $2,396 |
| Five Corners 3 Bedroom Apartments | $1,804 | $450 | $2,830 |
| Five Corners 4 Bedroom Apartments | $1,531 | $445 | $1,828 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Five Corners Neighborhood of Mankato, MN.
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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 Lewis Lofts priced from $451. Village Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable Five Corners apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lewis Lofts | 1a1t | 1BR,1BA | $451 |
| Village Place Apartments | Studio | Studio,1BA | $835 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Five Corners, MN
As of January 27, 2026 the best value apartment in the Five Corners 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 Five Corners apartment is the Three Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,795 with a $1.16 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| Sibley Village Townhomes | Three Bedroom One Half Bathroom | 3BR,1.5BA | $1.16 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.17 |
| 1104 N 5th St, Unit 3 Bed | 1104 N 5th St | 3BR,1BA | $1.08 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $0.92 |
| 608 N 4th St, Unit 1 | 608 N 4th St | 2BR,1BA | $1.24 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Lewis Lofts | 1a1t | 1BR,1BA | $0.73 |
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 Lewis Lofts which is listed at $451, while the average apartment in Five Corners costs $2,305.
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 19 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 $566 which is $1,739 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

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.

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.

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.

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.