
Cheap Apartments for Rent in the Five Corners Neighborhood of Mankato, MN from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Corners area of Mankato.


Glenwood Terrace

Valley View Apartments

Village Place Apartments of Mankato

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505 S 4th St, Unit 2

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403 Riverfront N Dr

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214 Van Brunt St

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909 S Front St, Unit 3
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.

Cherry Ridge Apartments

120 S 4th St

Gray Hawk Apartments

Cherry Square

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The Edge Apartments

325 E Plum St

Skyway Properties LLC

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River Bluff 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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118 Van Brunt St, Unit 2

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Pfau Reed Apartments

Southwood Flats

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Augusta Park Estates

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The Alma

Huntington Hills Apartments & Townhomes

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328 N 6th St, Unit 328 N 6th St. 2

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120 Locust St, Unit 5 Upper
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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101 S Broad St, Unit 1

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Legacy Park Estates

Dublin Road Townhomes

Village Place Flats

622 S 4th St, Unit 2

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516 N Broad St, Unit 2

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313 E Rock St, Unit 2

Cedar Meadow Apartments
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.

Cardinal Creek Apartments

Riverfront Court

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Axis Lofts

404 S 4th St

River Bluff Suites

107 S 5th St

319 E Main St

442 Belgrade Ave
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 Court Apartments

Commerce 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 | $1,055 | $750 | $1,315 |
| Five Corners 1 Bedroom Apartments | $1,339 | $855 | $2,120 |
| Five Corners 2 Bedroom Apartments | $1,531 | $925 | $2,370 |
| Five Corners 3 Bedroom Apartments | $1,780 | $990 | $2,794 |
| Five Corners 4 Bedroom Apartments | $1,980 | $1,780 | $2,080 |
Browse Apartments in this Neighborhood
There are currently 44 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 442 Belgrade Ave priced from $835. Village Place Apartments of Mankato has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Five Corners apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $900 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Hoover Estates | 2/1 | 2BR,1BA | $1,065 |
| The Edge Apartments | One Bedroom | 1BR,1BA | $1,080 |
| River Bluff Apartments | Two Bedroom | 2BR,1BA | $1,100 |
Best Value Apartments for Rent in Five Corners, MN
As of June 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 Fox Run Townhomes Model at Fox Run Townhomes starting at $1,995 with a $1.13 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 | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.04 |
| 328 N 6th St, Unit 328 N 6th St. Unit 2 | 328 N 6th St | 3BR,1BA | $1.06 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| 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 442 Belgrade Ave which is listed at $835, while the average apartment in Five Corners costs $2,400.
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 14 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 $478 which is $1,922 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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.