Cheap Apartments for Rent in the Sibley Park Neighborhood of Mankato, MN from $400 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Sibley Park area of Mankato.

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930 N 5th St, Unit 3
$750
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750
1 Bedroom Apartment Available Jan 1, 2026

930 N 5th St, Unit 3

930 N 5th StMankato, MN 56001
Cost Per Sq.Ft.
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107 E Liberty St, Unit 1
$915
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$915

Total Monthly Price
$915
1 Bedroom Apartment Available Jan 1, 2026

107 E Liberty St, Unit 1

107 E Liberty StMankato, MN 56001
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149 E Welcome Ave, Unit 4
$1,050
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050
2 Bedroom Apartment Available Aug 1, 2026

149 E Welcome Ave, Unit 4

149 E Welcome AveMankato, MN 56001
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429 State St, Unit 203
$1,100
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100
2 Bedroom Apartment Available Now

429 State St, Unit 203

429 State StMankato, MN 56001

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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
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property at 418 Allan Ave

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 Cherry Square priced from $995. Knollcrest has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Sibley Park apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Cherry Square1 Bedroom1BR,1BA$995
Knollcrest2 bed2BR,1BA$995
Village Court Apartments1 Bed, 1 Bath (renovated)1BR,1BA$999
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Riverfront CourtTwo Bedroom/ One Bathroom w Balcony2BR,1BA$1,120

Best Value Apartments for Rent in Sibley Park, MN

As of December 10, 2025 the best value apartment in the Sibley Park area is the $0.94 price per square foot Three Bedroom Model at 442 Belgrade Ave in the in the City Center Mankato neighborhood starting from $1,500. The second greatest value Sibley Park apartment is the 1104 N 5th St Model at 1104 N 5th St, Unit 3 Bed starting at $1,350 with a $1.08 price per square foot in the City Center 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.
442 Belgrade AveThree Bedroom3BR,2BA$0.94
1104 N 5th St, Unit 3 Bed1104 N 5th St3BR,1BA$1.08
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
225 Belgrade Ave, Unit B225 Belgrade Ave2BR,1BA$1.38
The Edge ApartmentsTwo Bedroom2BR,1BA$1.28
Knollcrest2 bed2BR,1BA$1.11
608 N 4th St, Unit 1608 N 4th St2BR,1BA$1.24
Village Court Apartments2BR/1.0BA2BR,1BA$1.41
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
221 State St, Unit 1221 State St1BR,1BA$1.39

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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Pet Friendly Lifestyle
Sibley Park, Mankato, MN

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Sibley Park Neighborhood in Mankato, MN

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

74 / 100

Very Bikeable

Biking is convenient for most trips

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 Cherry Square which is listed at $995, while the average apartment in Sibley Park costs $2,360.

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 15 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 $925 which is $1,435 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

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.