Cheap Homes for Rent in Five Corners Neighborhood of Mankato, MN from $1,200 (3 Rentals)

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

property at 122 Parsons St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Apr 17

122 Parsons St

MankatoMN56001

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.

property at 108 Malin St

$1,995

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

5 Bedroom, 2.5 Bath Home for Rent

Available Aug 1

108 Malin St

MankatoMN56001

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.

property at 3130 Scotch Ln

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

3 Bedroom, 2.5 Bath Home for Rent

Available Now

3130 Scotch Ln

MankatoMN56001

Best Value Apartments for Rent in Five Corners, MN

As of April 15, 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 3 Bedroom 1.5 Bath Affordable Model at Dublin Road Townhomes starting at $1,633 with a $1.28 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
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.28
225 Belgrade Ave, Unit B225 Belgrade Ave2BR,1BA$1.09
313 E Rock St, Unit 2313 E Rock St2BR,1BA$1.09
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
305 1/2 Elm St, Unit 305.5305 1/2 Elm St1BR,1BA$1.02
Rita Road2 Bed 1 Bath2BR,1BA$1.29
Huntington Hills Apartments & Townhomes2 Bedroom Apartment2BR,1BA$1.37
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Glenwood Terrace1 BR/1 BA1BR,1BA$1.38

Frequently Asked Questions about Five Corners

What type of rentals are currently available in Five Corners?

There are currently 62 Apartments for Rent in Five Corners, MN with pricing that ranges from $750 to $13,395. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Corners ranging from $1,250 to $2,300.

What is the current price range for Rental Homes in Five Corners?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Corners ranges from $1,250 to $2,300 with an average monthly rent of $1,848.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.