101 Parkway Ave, Unit Apt C
101 Parkway Ave
Eagle LakeMN56024
Cheap Homes for Rent in Mankato, MN from $1,000 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Mankato.
325 E Washington St
MankatoMN56001
418 Allan Ave
North MankatoMN56003
149 James Ave
MankatoMN56001
1715 Northway Dr
North MankatoMN56003
1611 5th Ave
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.
34 Wood Dr
MankatoMN56001
2085 Carlson Dr
North MankatoMN56003
127 Laurinda Ln
MankatoMN56001
121 Lynn Ln
MankatoMN56001
306 Louva Ln
MankatoMN56001
147 James Ave
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.
Showing Results 1-12, 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 | $1,491 | $1,025 | $2,500 |
| Mankato 3 Bedroom Homes for Rent | $1,747 | $1,364 | $2,495 |
| Mankato 4 Bedroom Homes for Rent | $2,078 | $1,795 | $2,400 |
| Mankato 5 Bedroom Homes for Rent | $2,048 | $1,800 | $2,300 |
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: 03/23/2026Current apartment rentals in the Mankato, MN area range in price from $740 to $2,820 with an overall median price of $2,354. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $740, City Center Mankato at $740, and Downtown Mankato at $740. 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 | $1,661 | $740 | 86 |
| City Center Mankato | $2,367 | $740 | 103 |
| Downtown Mankato | $2,367 | $740 | 104 |
| East Mankato | $2,367 | $740 | 131 |
| Erlandson Park | $2,367 | $740 | 145 |
| Five Corners | $2,367 | $740 | 128 |
| Lincoln Park | $2,367 | $740 | 104 |
| Riverfront Park | $2,367 | $740 | 127 |
| The Prairie | $2,367 | $740 | 112 |
| University | $2,367 | $740 | 59 |
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. Glenwood Terrace in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. 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 |
| 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 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,011 |
Best Value Apartments for Rent in Mankato, MN
As of March 23, 2026 the best value apartment in the Mankato area is the $1.04 price per square foot 508 S 4th St Model at 508 S 4th St, Unit #1 in the in the University neighborhood starting from $2,600. The second greatest value Mankato apartment is the 3 Bedrooms + 1 Lofts Model at Sibley Parkway Crossing starting at $1,950 with a $0.89 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. |
|---|---|---|---|
| 508 S 4th St, Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| Sibley Parkway Crossing | 3 Bedrooms + 1 Lofts | 3BR,1.5BA | $0.89 |
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| 225 Belgrade Ave, Unit B | 225 Belgrade Ave | 2BR,1BA | $1.09 |
| 711 Grant Ave | 711 Grant Ave | 2BR,1BA | $1.07 |
| 608 N 4th St, Unit 1 | 608 N 4th St | 2BR,1BA | $1.24 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Lewis Lofts | 1a1t | 1BR,1BA | $1.27 |
| 315 Washington Ct, Unit 315.5 | 315 Washington Ct | 1BR,1BA | $1.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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
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
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 172 Apartments for Rent in Mankato, MN with pricing that ranges from $740 to $2,820. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $1,025 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 $1,025 to $2,500 with an average monthly rent of $1,751.
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 $1,349 to $2,820, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,364 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,795 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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.