Cheap Apartments for Rent in the Five Corners Neighborhood of Mankato, MN from $500 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Five Corners area of Mankato.

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.

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500 Belle Ave
$1,025 - $1,175
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,025 - $1,175

Total Monthly Price
$1,025 - $1,175
1 to 2 Bedroom Apartment Available May 1

500 Belle Ave

500 Belle AveMankato, MN 56001
  • Smoke Free
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River Bluff Apartments
$1,030 - $1,580
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,550
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Edge Apartments
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 5

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Augusta Park Estates
Rent Specials
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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The Alma
$1,131
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,101
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
Transit Friendly
  • Verified
  • Low Income
  • 3D Tour
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220 State St
$1,200 - $1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,400

Total Monthly Price
$1,200 - $1,400
3 Bedroom Apartment Available May 1

220 State St

220 State StMankato, MN 56001
Cost Per Sq.Ft.
  • Smoke Free
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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39

Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour

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.

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Silos Apartments
$1,374 - $1,824
Total Monthly Price

Total Monthly Price

Base Rent
$1,319 - $1,769
Required Monthly Fees
$55

Total Monthly Price
$1,374 - $1,824
1 to 2 Bedroom Apartments Available Now

Silos Apartments

302 N 2nd StMankato, MN 56001
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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Axis Lofts
$1,420 - $1,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,745
Required Monthly Fees
$75

Total Monthly Price
$1,420 - $1,820
1 to 2 Bedroom Apartments Available Now

Axis Lofts

1247 Range StMankato, MN 56001
Furnished
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  • Utilities Included
  • 3D Tour
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Pond View Heights Apartments
Rent Specials
$1,550 - $2,025
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550 - $2,025

Total Monthly Price
$1,550 - $2,025
1 to 2 Bedroom Apartments Available Now

Pond View Heights Apartments

1015 Hope StMankato, MN 56001
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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M² Lofts
$1,580 - $2,415
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,525 - $2,360
Required Monthly Fees
$55

Total Monthly Price
$1,580 - $2,415
1 to 3 Bedroom Apartments Available Now

M² Lofts

1050 Marsh StMankato, MN 56001
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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404 S 4th St
Studio to 2 Bedroom Apartments

404 S 4th St

404 S 4th StMankato, MN 56001
  • Utilities Included
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River Bluff Suites
Studio to 2 Bedroom Apartments

River Bluff Suites

123 N 4th StMankato, MN 56001
  • Utilities Included
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107 S 5th St
Studio to 2 Bedroom Apartments

107 S 5th St

107 S 5th StMankato, MN 56001
property at 319 E Main St

$1,324

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,324

Total Monthly Price
$1,324

4 Bedroom, 2 Bath Home for Rent

Available May 11

319 E Main St

MankatoMN56001
property at 103 Locust St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

4 Bedroom, 1 Bath Condo for Rent

Available Jul 9

103 Locust St

MankatoMN56001
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410 S Front Street
1 to 4 Bedroom Apartments

410 S Front Street

410 S Front StMankato, MN 56001
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 ListingModel NameBed/BathPriced From
Glenwood Terrace1 BR/1 BA1BR,1BA$880
Cherry Square1 Bedroom1BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Village Court Apartments2 Bed, 1 Bath (original)2BR,1BA$1,028
River Bluff ApartmentsOne Bedroom1BR,1BA$1,030
442 Belgrade AveThree Bedroom3BR,2BA$1,050
Cherry Ridge ApartmentsTax Credit2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
442 Belgrade AveThree Bedroom3BR,2BA$0.66
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.28
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.22
313 E Rock St, Unit 2313 E Rock St2BR,1BA$1.09
320 E Hickory St, Unit 1320 E Hickory St3BR,1BA$1.20
305 1/2 Elm St, Unit 305.5305 1/2 Elm St1BR,1BA$1.02
Rita Road2 Bed 1 Bath2BR,1BA$1.29
612 N 4th St612 N 4th St2BR,1BA$1.28
Bunting Lane ApartmentsIndividual 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

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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.

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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.

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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.

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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.