335 Bradley St, Unit Right side
335 Bradley St
MankatoMN56001
Cheap Homes for Rent in Mankato, MN from $675 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Mankato.
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$7251 Bedroom Apartments Available Sep 1
138 N Agency St, Unit 4
138 N Agency StEagle Lake, MN 56024
410 Cross St
North MankatoMN56003
315 Belgrade Ave, Unit 3
315 Belgrade Ave
North MankatoMN56003
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$9002 Bedroom Apartments Available Oct 1
426 N 5th St, Unit 1
426 N 5th StMankato, MN 56001
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,0001 Bedroom Apartments Available Aug 31
527 Jefferson Ave, Unit 1
527 Jefferson AveNorth Mankato, MN 56003
325.5 McKinley Ave
North MankatoMN56003
1611 5th Ave
MankatoMN56001
815 N 4th St
MankatoMN56001
1738-1740 Colette Dr
North MankatoMN56003
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
216 Van Brunt St, Unit 216
216 Van Brunt St
MankatoMN56001
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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 | $1,585 | $1,100 | $1,998 |
| Mankato 3 Bedroom Homes for Rent | $1,855 | $1,150 | $2,500 |
| Mankato 4 Bedroom Homes for Rent | $1,987 | $1,434 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Mankato, MN Local Guide
- Mankato Neighborhoods
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Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 08/26/2026Current apartment rentals in the Mankato, MN area range in price from $722 to $2,415 with an overall median price of $1,265. The three Mankato neighborhoods with the lowest median rent pricing are West Mankato at $1,095, Downtown Mankato at $1,171, and Sibley Park at $1,204. 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 | $1,095 | $724 | 65 |
| Downtown Mankato | $1,171 | $750 | 11 |
| Sibley Park | $1,204 | $722 | 112 |
| University | $1,204 | $722 | 104 |
| City Center Mankato | $1,265 | $722 | 136 |
| Lincoln Park | $1,265 | $722 | 138 |
| Riverfront Park | $1,265 | $722 | 130 |
| Five Corners | $1,267 | $722 | 132 |
| Washington Park | $1,270 | $722 | 130 |
| East Mankato | $1,300 | $722 | 124 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at Glenwood Terrace in the University neighborhood priced from $880. Village Court Apartments in the North Mankato neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $928. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Parkway Apartments | 1 Bed, 1 Bath | 1BR,1BA | $974 |
| Key City Group, LLC (BT) | 2BR/1.0BA | 2BR,1BA | $995 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
Best Value Apartments for Rent in Mankato, MN
As of August 26, 2026 the best value apartment in the Mankato area is the $0.80 price per square foot 101 S Broad St Model at 101 S Broad St, Unit 1 in the in the University neighborhood starting from $1,200. The second greatest value Mankato apartment is the 214 Heather Ln Model at 214 Heather Ln, Unit 3 starting at $1,250 with a $0.96 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. |
|---|---|---|---|
| 101 S Broad St, Unit 1 | 101 S Broad St | 2BR,1BA | $0.80 |
| 214 Heather Ln, Unit 3 | 214 Heather Ln | 3BR,2BA | $0.96 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.19 |
| 422 Commodore Dr, Unit Unit 426 | 422 Commodore Dr | 2BR,1BA | $1.05 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| Key City Group, LLC (BT) | 2BR/1.0BA | 2BR,1BA | $1.12 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1.17 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.19 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.73 |
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.
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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.
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Best Local Schools in Mankato, MN
Mankato West Senior High School
Mankato Public School District
Public School - Grades 9-12 (1232)
8 out of 10
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!
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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 $722 to $2,415. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $675 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 $675 to $2,500 with an average monthly rent of $1,674.
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 $1,199 to $2,415, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,434 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.