323 Warren St, Unit 3
323 Warren St
MankatoMN56001
Cheap Homes for Rent in Mankato, MN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Mankato.
close
View Me
$795Studio Apartments Available Aug 1
301 N Riverfront Dr, Unit 304
301 N Riverfront DrMankato, MN 56001
222 1/2 W 6th St.
222 1/2 W 6th St
MankatoMN56001
1711 Northway Dr
North MankatoMN56003
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.
409 Sherman St, Unit 409 Sherman
409 Sherman St
North MankatoMN56003
325 E Washington St
MankatoMN56001
414 Nicollet Ave, Unit 1
414 Nicollet Ave
North MankatoMN56003
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.
Showing Results 1-8, Page 1 of 1
Mankato, MN Local Guide
How much does it cost to rent a home in Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mankato 2 Bedroom Homes for Rent | $1,403 | $995 | $1,750 |
| Mankato 3 Bedroom Homes for Rent | $1,842 | $1,150 | $2,395 |
| Mankato 4 Bedroom Homes for Rent | $2,115 | $1,425 | $2,679 |
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 07/12/2026Current apartment rentals in the Mankato, MN area range in price from $750 to $2,350 with an overall median price of $2,192. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $750, Downtown Mankato at $800, and The Prairie 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 |
|---|---|---|---|
| North Industrial Mankato | $1,600 | $750 | 32 |
| Downtown Mankato | $2,080 | $800 | 8 |
| The Prairie | $2,135 | $750 | 54 |
| City Center Mankato | $2,242 | $750 | 117 |
| East Mankato | $2,242 | $750 | 106 |
| Erlandson Park | $2,242 | $750 | 113 |
| Five Corners | $2,242 | $750 | 116 |
| Indian Lake | $2,242 | $800 | 123 |
| Lincoln Park | $2,242 | $750 | 119 |
| Riverfront Park | $2,242 | $750 | 114 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at 442 Belgrade Ave in the North Mankato neighborhood priced from $835. Lewis Lofts in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
Best Value Apartments for Rent in Mankato, MN
As of July 12, 2026 the best value apartment in the Mankato area is the $1.23 price per square foot New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes in the in the University neighborhood starting from $1,850. The second greatest value Mankato apartment is the 120 Locust St Model at 120 Locust St starting at $1,150 with a $0.88 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. |
|---|---|---|---|
| Willow Cascades Townhomes | New 3Br, 2.5 Bath @ Willow Cascades! | 3BR,2.5BA | $1.23 |
| 120 Locust St | 120 Locust St | 3BR,1BA | $0.88 |
| 909 S Front St, Unit 3 | 909 S Front St | 3BR,1BA | $0.83 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.02 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $0.94 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| 1740 Lee Blvd, Unit 3 | 1740 Lee Blvd | 2BR,1BA | $1.33 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.12 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1.17 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
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
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Mankato area?
If you’re an expert on all things Mankato, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 168 Apartments for Rent in Mankato, MN with pricing that ranges from $750 to $2,350. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $750 to $2,679.
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 $750 to $2,679 with an average monthly rent of $1,618.
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 $990 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $1,780.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.