209 1/2 Cross Street
209 Cross St
North MankatoMN56003
Cheap Homes for Rent in Mankato, MN from $800 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Mankato.
325 E Washington St
MankatoMN56001
418 Allan Ave
North MankatoMN56003
114 Lynn Ln
MankatoMN56001
109 Maple Dr
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.
121 Lynn Ln
MankatoMN56001
121 Maple Dr
MankatoMN56001
152 Lynn Ln
MankatoMN56001
216 Van Brunt St, Unit 216
216 Van Brunt St
MankatoMN56001
141 Lynn Ln
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.
203 Karu Dr
MankatoMN56001
142 Lynn Ln
MankatoMN56001
103 Maple Dr
MankatoMN56001
121 Jaybee Ln
MankatoMN56001
127 Laurinda Ln
MankatoMN56001
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.
1715 Northway Dr
North MankatoMN56003
Showing Results 1-16, 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 | $1,465 | $895 | $2,500 |
| Mankato 3 Bedroom Homes for Rent | $1,649 | $1,275 | $2,600 |
| Mankato 4 Bedroom Homes for Rent | $1,952 | $1,595 | $2,300 |
| Mankato 5 Bedroom Homes for Rent | $2,570 | $1,850 | $3,050 |
| Mankato 6 Bedroom Homes for Rent | $2,640 | $2,640 | $2,640 |
| Mankato 7 Bedroom Homes for Rent | $2,975 | $2,975 | $2,975 |
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
Explore Mankato
Mankato, MN Local Guide
- Mankato Neighborhoods
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Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 12/17/2025Current apartment rentals in the Mankato, MN area range in price from $451 to $2,830 with an overall median price of $2,096. The three Mankato neighborhoods with the lowest median rent pricing are Downtown Mankato at $750, West Mankato at $451, and North Industrial 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 |
|---|---|---|---|
| Downtown Mankato | $1,800 | $750 | 10 |
| West Mankato | $1,800 | $451 | 20 |
| North Industrial Mankato | $1,895 | $750 | 85 |
| City Center Mankato | $2,135 | $451 | 83 |
| East Mankato | $2,135 | $700 | 128 |
| Erlandson Park | $2,135 | $451 | 132 |
| Five Corners | $2,135 | $451 | 114 |
| Lincoln Park | $2,135 | $451 | 84 |
| Riverfront Park | $2,135 | $451 | 113 |
| University | $2,135 | $451 | 47 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at Village Place Apartments in the University neighborhood priced from $975. Cherry Square in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Place Apartments | 1 Bedroom Large W/Den | 1BR,1BA | $975 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Knollcrest | Two Bedroom | 2BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Woodside Apartments | Studio | Studio,1BA | $1,070 |
Best Value Apartments for Rent in Mankato, MN
As of December 17, 2025 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 640 Timberwolf Dr Model at 640 Timberwolf Dr, Unit 104 starting at $700 with a $0.44 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 |
| 640 Timberwolf Dr, Unit 104 | 640 Timberwolf Dr | 4BR,4BA | $0.44 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.23 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.18 |
| 1104 N 5th St, Unit 3 Bed | 1104 N 5th St | 3BR,1BA | $1.08 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| Knollcrest | Two Bedroom | 2BR,1BA | $1.11 |
| 608 N 4th St, Unit 1 | 608 N 4th St | 2BR,1BA | $1.24 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.13 |
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.
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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!
Explore Mankato, MN Rentals by Map
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 167 Apartments for Rent in Mankato, MN with pricing that ranges from $451 to $2,830. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $895 to $3,050.
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 $895 to $3,050 with an average monthly rent of $2,060.
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 $885 to $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $700.
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
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.