702 E Main St
Albert LeaMN56007
Cheap Homes for Rent in Mankato, MN from $900 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Mankato.
1711 Northway Dr
North MankatoMN56003
218 Van Brunt St
MankatoMN56001
209 1/2 Cross Street
209 Cross St
North MankatoMN56003
10248 Bixby Pl
Blooming PrairieMN55917
525 S 5th 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.
122 Lynn Ln
MankatoMN56001
327 E Walnut St
MankatoMN56001
418 Allan Ave
North MankatoMN56003
121 Laurinda Ln
MankatoMN56001
201 E 7th St
Albert LeaMN56007
145 Lynn Ln
MankatoMN56001
123 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.
960 N 3rd St
St. PeterMN56082
Showing Results 1-14, 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 | $1,478 | $991 | $2,500 |
| Mankato 3 Bedroom Homes for Rent | $1,892 | $1,295 | $2,600 |
| Mankato 4 Bedroom Homes for Rent | $2,044 | $1,795 | $2,180 |
| Mankato 5 Bedroom Homes for Rent | $1,645 | $1,645 | $1,645 |
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: 09/17/2025Current apartment rentals in the Mankato, MN area range in price from $750 to $2,135 with an overall median price of $2,065. The three Mankato neighborhoods with the lowest median rent pricing are West Mankato at $850, North Industrial Mankato at $750, and Sibley Park 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 |
|---|---|---|---|
| West Mankato | $1,475 | $850 | 16 |
| North Industrial Mankato | $2,100 | $750 | 78 |
| Sibley Park | $2,100 | $750 | 74 |
| City Center Mankato | $2,117 | $750 | 99 |
| Downtown Mankato | $2,117 | $750 | 98 |
| East Mankato | $2,117 | $750 | 115 |
| Erlandson Park | $2,117 | $750 | 127 |
| Five Corners | $2,117 | $750 | 125 |
| Lincoln Park | $2,117 | $750 | 98 |
| Riverfront Park | $2,117 | $750 | 125 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a Studio unit found at Highland Hills Apartments in the University neighborhood priced from $750. Sinclair Flats in the University neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $838. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Hills Apartments | Studio | Studio,1BA | $750 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $838 |
| Valley View Apartments | One Bedroom | 1BR,1BA | $900 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
| Knollcrest | 2 bed | 2BR,1BA | $995 |
Best Value Apartments for Rent in Mankato, MN
As of September 17, 2025 the best value apartment in the Mankato area is the $0.95 price per square foot 2 bedrooms & 1 loft Model at Sibley Parkway Crossing in the in the University neighborhood starting from $1,900. The second greatest value Mankato apartment is the 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes starting at $2,095 with a $1.19 price per square foot in the City Center Mankato 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. |
|---|---|---|---|
| Sibley Parkway Crossing | 2 bedrooms & 1 loft | 2BR,2.5BA | $0.95 |
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
| 704 N 2nd St, Unit 1 | 704 N 2nd St | 2BR,1BA | $0.76 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.16 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $0.89 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
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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 153 Apartments for Rent in Mankato, MN with pricing that ranges from $750 to $2,135. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $991 to $2,600.
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 $991 to $2,600 with an average monthly rent of $1,642.
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 $1,250 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,379.
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.