
Cheap Apartments for Rent in the Lincoln Park Neighborhood of Mankato, MN from $500 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincoln Park area of Mankato.


Glenwood Terrace

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107 E Liberty St, Unit 2, Unit 2

Valley View Apartments

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305 1/2 Elm St, Unit 305.5, Unit 305.5

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717 N 2nd St, Unit 4, Unit 4

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141 E Welcome Ave, Unit M Hanson Prop., Unit M Hanson Prop.

Cherry Square

Huntington Hills Apartments & Townhomes

Village Place Apartments of Mankato
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.

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612 N 4th St

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River Bluff Apartments

Gray Hawk Apartments

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The Edge Apartments

Cherry Ridge Apartments

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407 Glenwood Ave, Unit 2, Unit 2

Skyway Properties LLC

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429 State St, Unit 203, Unit 203

Rita Road

Southwood Flats
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.

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The Alma

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320 E Hickory St, Unit 1, Unit 1

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220 State St

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313 E Rock St, Unit 2, Unit 2

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1325 Fair Street, Unit #4, Unit #4

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Legacy Park Estates

109 Florence St

Cardinal Creek Apartments

Riverfront Court

Cedar Meadow Apartments
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.

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Silos Apartments

Westview Heights

Dublin Road Townhomes

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Axis Lofts

314 E Cherry St, Unit 3

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513 N Riverfront Dr

Tartan Glen

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Pond View Heights Apartments

Sibley Village Townhomes

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M² Lofts
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Stadium Commons

Lewis Lofts

404 S 4th St

633 S 2nd St

Sinclair Flats

410 S Front Street

442 Belgrade Ave

Commerce Apartments

Village Court Apartments

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Hoover Estates
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Lincoln Park, Mankato, MN Local Guide

How much does it cost to rent an apartment in Lincoln Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lincoln Park Studio Apartments | $925 | $750 | $1,100 |
| Lincoln Park 1 Bedroom Apartments | $1,320 | $855 | $2,120 |
| Lincoln Park 2 Bedroom Apartments | $1,548 | $950 | $2,370 |
| Lincoln Park 3 Bedroom Apartments | $1,810 | $1,050 | $2,794 |
| Lincoln Park 4 Bedroom Apartments | $2,065 | $1,780 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Lincoln Park Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
Lincoln Park, Mankato, MN Local Guide
- Nearby Mankato neighborhoods
- Nearby Cities
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- School Districts
Cheapest Available Lincoln Park Apartments for Rent
 The cheapest available apartment rental in the Lincoln Park area of Mankato, MN is a 2 Beds unit found at Sinclair Flats priced from $839. Lewis Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here are the most affordable Lincoln Park apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $839 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,030 |
Best Value Apartments for Rent in Lincoln Park, MN
As of April 29, 2026 the best value apartment in the Lincoln Park area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Lincoln Park apartment is the Three Bedroom Model at 442 Belgrade Ave starting at $1,050 with a $0.66 price per square foot in the City Center Mankato neighborhood. Here is today’s list of the best values for Lincoln Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.66 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.28 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.09 |
| 320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.20 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $0.89 |
| 305 1/2 Elm St, Unit 305.5 | 305 1/2 Elm St | 1BR,1BA | $1.02 |
| 612 N 4th St | 612 N 4th St | 2BR,1BA | $1.28 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
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 ArticleDon'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.
Pet Friendly LifestyleLincoln Park, Mankato, MN
Ranked #8
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Lincoln Park Apartments
What is the price of a cheap apartment in Lincoln Park?
The cheapest apartment in Lincoln Park is Lewis Lofts which is listed at $855, while the average apartment in Lincoln Park costs $2,135.
What types of apartments are the cheapest in Lincoln Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in Lincoln Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lincoln Park?
Cheap apartments in Lincoln Park have an average cost of $720 which is $1,415 cheaper than the average rent for all rentals in Lincoln Park.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.