
Cheap Apartments for Rent in the Lincoln Park Neighborhood of Mankato, MN from $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincoln Park area of Mankato.


Lewis Lofts

318 E Walnut St

Glenwood Terrace

Valley View Apartments

Total Monthly Price
612 N 4th St

Total Monthly Price
113 E Spring St, Unit 1
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.

Total Monthly Price
505 S 4th St, Unit 2

Cherry Square

Total Monthly Price
111 E Cherry St, Unit 121

Village Place Apartments

River Bluff Apartments

Gray Hawk Apartments

Total Monthly Price
608 N 4th St, Unit 1
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.

Skyway Property Holdings, LLC - (Studio 5)

Rita Road

Total Monthly Price
429 State St, Unit 203

Southwood Flats

Riverfront Court

Total Monthly Price
The Alma

Huntington Hills Apartments & Townhomes
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.

149 James Ave

Total Monthly Price
119 S 6th St, Unit 1

404 S 4th St

Sinclair Flats

Cherry Ridge Apartments

Commerce Apartments

Village Court Apartments
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.

Total Monthly Price
329 Belgrade Ave, Unit 1

Hoover Estates
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 | $1,336 | $784 | $2,150 |
| Lincoln Park 2 Bedroom Apartments | $1,543 | $925 | $2,396 |
| Lincoln Park 3 Bedroom Apartments | $1,859 | $1,349 | $2,830 |
| Lincoln Park 4 Bedroom Apartments | $2,140 | $1,780 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 30 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
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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 1 Bed unit found at Lewis Lofts priced from $784. Glenwood Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Lincoln Park apartments for rent in Mankato, MN:
| 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 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $1,025 |
| Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $1,028 |
Best Value Apartments for Rent in Lincoln Park, MN
As of March 14, 2026 the best value apartment in the Lincoln Park 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 Lincoln Park 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 Lincoln Park 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 |
| Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| 229 Center St, Unit 1 | 229 Center St | 3BR,1BA | $1.04 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| 225 Belgrade Ave, Unit B | 225 Belgrade Ave | 2BR,1BA | $1.09 |
| 711 Grant Ave | 711 Grant Ave | 2BR,1BA | $1.07 |
| 113 E Spring St, Unit 1 | 113 E Spring St | 2BR,1BA | $0.93 |
| 119 S 6th St, Unit 1 | 119 S 6th St | 2BR,1BA | $1.20 |
| 608 N 4th St, Unit 1 | 608 N 4th St | 2BR,1BA | $1.24 |
| 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 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.
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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 #6
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 $784, while the average apartment in Lincoln Park costs $2,367.
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 20 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 $497 which is $1,870 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

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.