
Cheap Apartments for Rent in the Lincoln Park Neighborhood of Mankato, MN from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincoln Park area of Mankato.


Glenwood Terrace

Village Place Apartments of Mankato

Valley View Apartments

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105 E Welcome Ave, Unit 2

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505 S 4th St, Unit 2

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403 Riverfront N Dr

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909 S Front St, Unit 3
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.

Cherry Ridge Apartments

224 Carroll St

120 S 4th St

Gray Hawk Apartments

Cherry Square

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The Edge Apartments

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429 State St, Unit 203

Skyway Properties LLC
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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River Bluff Apartments

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Pfau Reed Apartments

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501 N 5th St, Unit Upper Level 1/2

Southwood Flats

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The Alma

Huntington Hills Apartments & Townhomes

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120 Locust St

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101 S Broad St, Unit 1
Cash 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.

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Legacy Park Estates

Dublin Road Townhomes

Village Place Flats

622 S 4th St, Unit 2

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516 N Broad St, Unit 2

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313 E Rock St, Unit 2

Cedar Meadow Apartments

Riverfront Court
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.

Cardinal Creek Apartments

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Axis Lofts

Lewis Lofts

404 S 4th St

Sinclair Flats

319 E Main St

442 Belgrade Ave

Village Court Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Commerce Apartments

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Hoover Estates

The Forde

Westview Heights
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 | $1,341 | $855 | $2,120 |
| Lincoln Park 2 Bedroom Apartments | $1,524 | $925 | $2,370 |
| Lincoln Park 3 Bedroom Apartments | $1,805 | $990 | $2,794 |
| Lincoln Park 4 Bedroom Apartments | $1,980 | $1,780 | $2,080 |
Browse Apartments in this Neighborhood
There are currently 44 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
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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 442 Belgrade Ave priced from $835. 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 |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $900 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Hoover Estates | 2/1 | 2BR,1BA | $1,065 |
| The Edge Apartments | One Bedroom | 1BR,1BA | $1,080 |
Best Value Apartments for Rent in Lincoln Park, MN
As of June 15, 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 Fox Run Townhomes Model at Fox Run Townhomes starting at $1,995 with a $1.13 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 | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.04 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $1.34 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $1.27 |
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 ArticleReal 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.
Pet Friendly LifestyleLincoln Park, Mankato, MN
Ranked #5
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
How much is rent for a Cheap One Bedroom Lincoln Park Apartment?
The lowest price for a Cheap One Bedroom Lincoln Park Apartment is $835 at 442 Belgrade Ave.
What is the lowest price for a Cheap Two Bedroom Lincoln Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lincoln Park is starting from $995 at Cherry Ridge Apartments.
What is the most affordable Lincoln Park Three Bedroom Apartment?
The best deal on a cheap Lincoln Park Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,299.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.