
Cheap Apartments for Rent in the Five Corners Neighborhood of Mankato, MN from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Corners area of Mankato.


Lewis Lofts

Total Monthly Price
326 E Vine St

318 E Walnut St

Glenwood Terrace

Total Monthly Price
612 N 4th St

Valley View Apartments

Total Monthly Price
505 S 4th St, Unit 2
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.

Total Monthly Price
113 E Spring St, Unit 1

Total Monthly Price
111 E Cherry St, Unit 121

Cherry Square

Village Place Apartments

River Bluff Apartments

Gray Hawk Apartments

Total Monthly Price
608 N 4th St, Unit 1

Skyway Property Holdings, LLC - (Studio 5)
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.

Rita Road

Total Monthly Price
429 State St, Unit 203

Southwood Flats

Riverfront Court

Total Monthly Price
The Alma

Huntington Hills Apartments & Townhomes

Augusta Park Estates

Total Monthly Price
119 S 6th St, Unit 1
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404 S 4th St

River Bluff Suites

107 S 5th St

Cherry Ridge Apartments

Commerce Apartments

Village Court Apartments

Total Monthly Price
329 Belgrade Ave, Unit 1

Hoover Estates
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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 | $1,115 | $750 | $1,295 |
| Five Corners 1 Bedroom Apartments | $1,342 | $784 | $2,150 |
| Five Corners 2 Bedroom Apartments | $1,556 | $925 | $2,396 |
| Five Corners 3 Bedroom Apartments | $1,859 | $1,349 | $2,830 |
| Five Corners 4 Bedroom Apartments | $2,140 | $1,780 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 32 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 Lewis Lofts priced from $784. Glenwood Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. 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 | $784 |
| 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 | $1,011 |
| Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $1,028 |
Best Value Apartments for Rent in Five Corners, MN
As of March 14, 2026 the best value apartment in the Five Corners area is the $1.04 price per square foot 508 S 4th St Model at 508 S 4th St, Unit #1 in the in the University neighborhood starting from $2,600. The second greatest value Five Corners apartment is the 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes starting at $2,095 with a $1.19 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. |
|---|---|---|---|
| 508 S 4th St, Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| 229 Center St, Unit 1 | 229 Center St | 3BR,1BA | $1.04 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| 225 Belgrade Ave, Unit B | 225 Belgrade Ave | 2BR,1BA | $1.09 |
| 119 S 6th St, Unit 1 | 119 S 6th St | 2BR,1BA | $1.20 |
| 113 E Spring St, Unit 1 | 113 E Spring St | 2BR,1BA | $0.93 |
| 608 N 4th St, Unit 1 | 608 N 4th St | 2BR,1BA | $1.24 |
| 326 E Vine St | 326 E Vine St | 1BR,1BA | $1.00 |
| 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 Lewis Lofts which is listed at $784, while the average apartment in Five Corners costs $2,367.
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 20 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 $488 which is $1,879 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

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.

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.