Cheap Apartments for Rent in the Sibley Park Neighborhood of Mankato, MN from $500 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Sibley Park area 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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River Bluff Apartments
$1,030 - $1,530
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,500
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Edge Apartments
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 5

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
  • Verified
  • Customer Reviewed
  • Utilities Included

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
$1,131
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,101
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
Transit Friendly
  • Verified
  • Low Income
  • 3D Tour
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220 State St
$1,200 - $1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,400

Total Monthly Price
$1,200 - $1,400
3 Bedroom Apartment Available May 1

220 State St

220 State StMankato, MN 56001
Cost Per Sq.Ft.
  • Smoke Free
property at 109 Florence St

$1,250

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

109 Florence St

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.

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Axis Lofts
$1,420 - $1,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,745
Required Monthly Fees
$75

Total Monthly Price
$1,420 - $1,820
1 to 2 Bedroom Apartments Available Now

Axis Lofts

1247 Range StMankato, MN 56001
Furnished
  • Verified
  • Utilities Included
  • 3D Tour
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M² Lofts
$1,580 - $2,415
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,525 - $2,360
Required Monthly Fees
$55

Total Monthly Price
$1,580 - $2,415
1 to 3 Bedroom Apartments Available Now

M² Lofts

1050 Marsh StMankato, MN 56001
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included

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.

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Sinclair Flats
1 to 3 Bedroom Apartments

Sinclair Flats

210 Dewey LnMankato, MN 56001
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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Contact Us For Availability

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
55+ Active Adult
  • Verified
  • Utilities Included
  • Low Income

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.

property at 418 Allan Ave

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

418 Allan Ave

North MankatoMN56003

Sibley Park, Mankato, MN Local Guide

Cheapest Available Sibley Park Apartments for Rent

 

The cheapest available apartment rental in the Sibley Park area of Mankato, MN is a 1 Bed unit found at 442 Belgrade Ave priced from $835. Sinclair Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $839. Here are the most affordable Sibley Park apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
442 Belgrade AveOne Bedroom1BR,1BA$835
Sinclair Flats2 Bedroom2BR,1BA$839
Lewis Lofts1a1t1BR,1BA$855
Glenwood Terrace1 BR/1 BA1BR,1BA$880
Cherry Square1 Bedroom1BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000

Best Value Apartments for Rent in Sibley Park, MN

As of April 26, 2026 the best value apartment in the Sibley Park area is the $1.09 price per square foot 313 E Rock St Model at 313 E Rock St, Unit 2 in the in the City Center Mankato neighborhood starting from $1,200. The second greatest value Sibley Park apartment is the 2108 Arlington Trl Model at 2108 Arlington Trl, Unit 4 starting at $1,275 with a $1.16 price per square foot in the North Industrial Mankato neighborhood. Here is today’s list of the best values for Sibley Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
313 E Rock St, Unit 2313 E Rock St2BR,1BA$1.09
2108 Arlington Trl, Unit 42108 Arlington Trl2BR,1BA$1.16
320 E Hickory St, Unit 1320 E Hickory St3BR,1BA$1.20
Sinclair Flats2 Bedroom2BR,1BA$0.89
305 1/2 Elm St, Unit 305.5305 1/2 Elm St1BR,1BA$1.02
442 Belgrade AveTwo Bedroom2BR,1BA$1.12
Rita Road2 Bed 1 Bath2BR,1BA$1.29
612 N 4th St612 N 4th St2BR,1BA$1.28
329 Belgrade Ave, Unit 2329 Belgrade Ave1BR,1BA$1.06
Bunting Lane ApartmentsIndividual 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.

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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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The 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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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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Quick 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.

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Pet Friendly Lifestyle
Sibley Park, Mankato, MN

Ranked #10

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Sibley Park Apartments

What is the price of a cheap apartment in Sibley Park?

The cheapest apartment in Sibley Park is 442 Belgrade Ave which is listed at $835, while the average apartment in Sibley Park costs $2,250.

What types of apartments are the cheapest in Sibley 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 18 regular apartments in Sibley 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 Sibley Park?

Cheap apartments in Sibley Park have an average cost of $700 which is $1,550 cheaper than the average rent for all rentals in Sibley 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.