
Cheap Apartments for Rent in the Five Corners Neighborhood of Mankato, MN from $500 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Corners area of Mankato.


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

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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The Edge Apartments

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407 Glenwood Ave, Unit 2, Unit 2

Cherry Ridge Apartments

Rita Road

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429 State St, Unit 203, Unit 203

Skyway Properties LLC

Southwood Flats
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Augusta Park Estates

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The Alma

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320 E Hickory St, Unit 1, Unit 1

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220 State St

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313 E Rock St, Unit 2, Unit 2

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

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Legacy Park Estates

Cardinal Creek Apartments

Riverfront Court

Cedar Meadow Apartments
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College Station

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Silos Apartments

Dublin Road Townhomes

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Axis Lofts

314 E Cherry St, Unit 3

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513 N Riverfront Dr

Tartan Glen

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Pond View Heights Apartments

Sibley Village Townhomes

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M² Lofts
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Stadium Commons

404 S 4th St

River Bluff Suites

107 S 5th St

319 E Main St

103 Locust St

410 S Front Street

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 | $1,098 | $750 | $1,315 |
| Five Corners 1 Bedroom Apartments | $1,329 | $855 | $2,120 |
| Five Corners 2 Bedroom Apartments | $1,547 | $950 | $2,370 |
| Five Corners 3 Bedroom Apartments | $1,809 | $1,050 | $2,794 |
| Five Corners 4 Bedroom Apartments | $2,065 | $1,780 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 52 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 Glenwood Terrace priced from $880. Cherry Square has the second lowest priced unit, which is a 1 Bed 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 |
|---|---|---|---|
| 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 |
| Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $1,028 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,030 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $1,050 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1,095 |
Best Value Apartments for Rent in Five Corners, MN
As of April 29, 2026 the best value apartment in the Five Corners 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 Five Corners apartment is the Three Bedroom Model at 442 Belgrade Ave starting at $1,050 with a $0.66 price per square foot in the City Center Mankato 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 | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.66 |
| 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 |
| 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 |
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 Glenwood Terrace which is listed at $880, while the average apartment in Five Corners costs $2,135.
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 21 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 $717 which is $1,418 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

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.