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$8251 Bedroom Apartments Available Apr 1
217.5 Willard St
217.5 Willard StMankato, MN 56001
Cheap Homes for Rent in Mankato, MN from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Mankato.
315 E Cherry St
MankatoMN56001
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$9951 Bedroom Apartments Available Now
301 N Riverfront Dr
301 N Riverfront DrMankato, MN 56001
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$9951 Bedroom Apartments Available Now
301 N Riverfront Dr
301 N Riverfront DrMankato, MN 56001
325 E Washington St
MankatoMN56001
114 Lynn Ln
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.
414 Nicollet Ave, Unit 1
414 Nicollet Ave
North MankatoMN56003
121 Lynn Ln
MankatoMN56001
152 Lynn Ln
MankatoMN56001
142 Lynn Ln
MankatoMN56001
127 Laurinda Ln
MankatoMN56001
1715 Northway Dr
North MankatoMN56003
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.
306 Louva Ln
MankatoMN56001
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Mankato, MN Local Guide
Bison cooling off at Minneopa State Park by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent a home in Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mankato 2 Bedroom Homes for Rent | $1,533 | $1,025 | $2,500 |
| Mankato 3 Bedroom Homes for Rent | $1,848 | $1,290 | $3,500 |
| Mankato 4 Bedroom Homes for Rent | $1,912 | $1,540 | $2,300 |
| Mankato 5 Bedroom Homes for Rent | $2,194 | $1,850 | $2,675 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Mankato
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Mankato, MN Local Guide
- Mankato Neighborhoods
- Nearby Cities
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- School Districts
Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 02/02/2026Current apartment rentals in the Mankato, MN area range in price from $370 to $2,830 with an overall median price of $2,218. The three Mankato neighborhoods with the lowest median rent pricing are West Mankato at $538, North Industrial Mankato at $800, and City Center Mankato at $370. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Mankato Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| West Mankato | $1,650 | $538 | 25 |
| North Industrial Mankato | $1,670 | $800 | 92 |
| City Center Mankato | $2,305 | $370 | 92 |
| Downtown Mankato | $2,305 | $370 | 93 |
| East Mankato | $2,305 | $370 | 126 |
| Erlandson Park | $2,305 | $370 | 138 |
| Five Corners | $2,305 | $370 | 120 |
| Lincoln Park | $2,305 | $370 | 92 |
| Riverfront Park | $2,305 | $370 | 121 |
| The Prairie | $2,305 | $538 | 115 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at Lewis Lofts in the University neighborhood priced from $784. Village Place Apartments in the University neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lewis Lofts | 1a1t | 1BR,1BA | $784 |
| Village Place Apartments | Studio | Studio,1BA | $835 |
| 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 |
Best Value Apartments for Rent in Mankato, MN
As of February 02, 2026 the best value apartment in the Mankato area is the $1.19 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Mankato apartment is the Three Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,795 with a $1.16 price per square foot in the University neighborhood. Here is today’s list of the best values for Mankato apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| Sibley Village Townhomes | Three Bedroom One Half Bathroom | 3BR,1.5BA | $1.16 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.17 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.17 |
| 1104 N 5th St, Unit 3 Bed | 1104 N 5th St | 3BR,1BA | $1.08 |
| Sinclair Flats | 3 Bedroom | 3BR,2BA | $1.21 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $0.92 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Lewis Lofts | 1a1t | 1BR,1BA | $1.27 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Mankato, MN
Prairie Winds Middle School
Mankato Public School District
Public School - Grades 6-8 (954)
5 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Mankato, MN
Frequently Asked Questions about Mankato
What type of rentals are currently available in Mankato?
There are currently 163 Apartments for Rent in Mankato, MN with pricing that ranges from $370 to $2,830. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $950 to $3,500.
What is the current price range for Rental Homes in Mankato?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mankato ranges from $950 to $3,500 with an average monthly rent of $1,709.
How much are larger Three and Four Bedroom Rentals in Mankato?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mankato range from $450 to $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,290 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,540 and Four Bedroom Apartments start at $445.
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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.