
Cheap Apartments for Rent in the Five Corners Neighborhood of Mankato, MN from $500 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Corners area of Mankato.


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200 E Elm St, Unit Apt 4

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526 Carney Ave, Unit 526

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315 E Walnut St, Unit #2

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609 S Broad St, Unit 4

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Highland Hills Apartments

Glenwood Terrace

Valley View Apartments

Cherry Ridge Apartments
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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125 N Broad St, Unit 125 N Broad St Apt 1

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The Grove at Mankato

525 S Broad St

Huntington Hills Apartments & Townhomes

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930 N 5th St, Unit 2

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500 Belle Ave, Unit 1

Gray Hawk Apartments

Southwood Flats

Cherry Square
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

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501 N 5th St, Unit Upper Level 1/2

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429 State St, Unit 203

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Augusta Park Estates

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Pfau Reed Apartments

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River Bluff Apartments

Riverfront Court

525 S 5th St

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120 Locust St, Unit 7 Lower
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.

Village Place Flats

Skyway Properties LLC

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The Alma

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312 N 4th St

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939 E Main St, Unit 939 East Main Street

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1325 Fair Street

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Legacy Park Estates

Dublin Road Townhomes

Cedar Meadow Apartments
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.

Cardinal Creek Apartments

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Axis Lofts

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Silos Apartments

404 S 4th St

River Bluff Suites

107 S 5th St

210 S 4th

442 Belgrade Ave

Commerce 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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Village Court Apartments

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Hoover Estates

The Forde
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 | $1,216 | $1,150 | $1,315 |
| Five Corners 1 Bedroom Apartments | $1,238 | $775 | $2,155 |
| Five Corners 2 Bedroom Apartments | $1,348 | $985 | $2,150 |
| Five Corners 3 Bedroom Apartments | $1,553 | $1,150 | $2,095 |
| Five Corners 4 Bedroom Apartments | $1,920 | $1,780 | $2,080 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Five Corners Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $995 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Southwood Flats | 1 Bed, 1 Bath (Phase 1) | 1BR,1BA | $1,049 |
| Hoover Estates | 2/1 | 2BR,1BA | $1,065 |
| The Edge Apartments | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.02 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| 125 N Broad St, Unit 125 N Broad St Apt 1 | 125 N Broad St | 1BR,1BA | $0.95 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.12 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| 429 State St, Unit 203 | 429 State St | 2BR,1BA | $1.38 |
| The Edge Apartments | One Bedroom | 1BR,1BA | $1.39 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.66 |
| Commerce Apartments | Two Bedroom | 2BR,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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.