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Cheap Homes for Rent in Mankato, MN from $900 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Mankato.
921 N Riverfront Dr, Unit 2
921 N Riverfront Dr
MankatoMN56001
1711 Northway Dr
North MankatoMN56003
410 Sherman Street, Unit Basement Unit
410 Sherman Street
North MankatoMN56003
218 Van Brunt St
MankatoMN56001
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.
730 N Broad St, Unit Lower
730 N Broad St
MankatoMN56001
224 W Pleasant St
MankatoMN56001
121 Laurinda Ln
MankatoMN56001
122 Lynn Ln
MankatoMN56001
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.
111 Maple Dr
MankatoMN56001
144 Lynn Ln
MankatoMN56001
112 Terri Ln
MankatoMN56001
102 Terri Ln
MankatoMN56001
708 Belgrade Ave, Unit 708.5 Upper Unit
708 Belgrade Ave
North MankatoMN56003
527 E Hickory St
MankatoMN56001
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.
819 1/2 Carney Ave
MankatoMN56001
112 S 5th St
MankatoMN56001
Showing Results 1-17, Page 1 of 1
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 | $1,386 | $900 | $1,850 |
| Mankato 3 Bedroom Homes for Rent | $1,606 | $1,200 | $2,395 |
| Mankato 4 Bedroom Homes for Rent | $1,878 | $1,500 | $2,396 |
| Mankato 5 Bedroom Homes for Rent | $2,165 | $2,100 | $2,295 |
| Mankato 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in Mankato
Explore Mankato
Mankato, MN Local Guide
- Mankato Neighborhoods
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Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 06/17/2025Current apartment rentals in the Mankato, MN area range in price from $595 to $3,725 with an overall median price of $1,838. The three Mankato neighborhoods with the lowest median rent pricing are The Prairie at $725, City Center Mankato at $775, and Downtown Mankato at $750. 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 |
|---|---|---|---|
| The Prairie | $1,780 | $725 | 52 |
| City Center Mankato | $1,812 | $775 | 72 |
| Downtown Mankato | $1,812 | $750 | 58 |
| Five Corners | $1,812 | $750 | 54 |
| Lincoln Park | $1,812 | $750 | 95 |
| Sibley Park | $1,812 | $775 | 77 |
| West Mankato | $1,812 | $750 | 80 |
| East Mankato | $1,850 | $595 | 87 |
| Erlandson Park | $1,850 | $725 | 48 |
| Riverfront Park | $1,850 | $775 | 46 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at Highland Hills Apartments in the University neighborhood priced from $775. 442 Belgrade Ave in the Sibley Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Hills Apartments | Elm Tree Court | 1BR,1BA | $775 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $875 |
| Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $949 |
| River Bluff Apartments | Two Bedroom | 2BR,1BA | $1,070 |
| Riverfront Court | Two Bedroom/ One Bathroom w Balcony | 2BR,1BA | $1,120 |
Best Value Apartments for Rent in Mankato, MN
As of June 17, 2025 the best value apartment in the Mankato area is the $1.32 price per square foot 2BR/2.0BA Model at Bridge Plaza Apartments in the in the University neighborhood starting from $2,700. The second greatest value Mankato apartment is the 220 State St Model at 220 State St, Unit #2 2nd Floor starting at $1,400 with a $0.93 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. |
|---|---|---|---|
| Bridge Plaza Apartments | 2BR/2.0BA | 2BR,2BA | $1.32 |
| 220 State St, Unit #2 2nd Floor | 220 State St | 3BR,1BA | $0.93 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.29 |
| Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.31 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.13 |
| 612 N 4th St, Unit 1 | 612 N 4th St | 2BR,1BA | $1.22 |
| 1104 N 5th St, Unit 1 Bed | 1104 N 5th St | 1BR,1BA | $1.04 |
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Frequently Asked Questions about Mankato
What type of rentals are currently available in Mankato?
There are currently 154 Apartments for Rent in Mankato, MN with pricing that ranges from $595 to $3,725. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $900 to $2,500.
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 $900 to $2,500 with an average monthly rent of $1,787.
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 $1,249 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $595.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.