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


Total Monthly Price
609 S Broad St, Unit 1

Glenwood Terrace

222 1/2 W 6th St.

Valley View Apartments

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505 S 4th St, Unit 2

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403 Riverfront N Dr
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.

Total Monthly Price
214 Van Brunt St

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909 S Front St, Unit 3

Cherry Square

Cherry Ridge Apartments

Huntington Hills Apartments & Townhomes

Gray Hawk Apartments

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River Bluff Apartments
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.

Skyway Properties LLC

Total Monthly Price
118 Van Brunt St, Unit 2

Southwood Flats

Total Monthly Price
The Edge Apartments

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The Alma

121 Ahlstrom Rd, Unit #2

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328 N 6th St, Unit 328 N 6th St. 2
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.

Total Monthly Price
120 Locust St, Unit 5 Upper

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101 S Broad St, Unit 1

Lewis Lofts

Sinclair Flats

442 Belgrade Ave

Village Court Apartments

Commerce 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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Hoover Estates

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1916 Haughton Ave, Unit 4
Sibley Park, Mankato, MN Local Guide

How much does it cost to rent an apartment in Sibley Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sibley Park Studio Apartments | $925 | $750 | $1,100 |
| Sibley Park 1 Bedroom Apartments | $1,283 | $800 | $2,120 |
| Sibley Park 2 Bedroom Apartments | $1,466 | $925 | $2,370 |
| Sibley Park 3 Bedroom Apartments | $1,920 | $1,137 | $2,794 |
| Sibley Park 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Sibley Park Neighborhood of Mankato, MN.
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Sibley Park, Mankato, MN Local Guide
- Nearby Mankato neighborhoods
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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. Lewis Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here are the most affordable Sibley 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 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 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Hoover Estates | 2/1 | 2BR,1BA | $1,065 |
| River Bluff Apartments | Two Bedroom | 2BR,1BA | $1,100 |
Best Value Apartments for Rent in Sibley Park, MN
As of June 10, 2026 the best value apartment in the Sibley Park area is the $1.04 price per square foot 508 S 4th St Model at 508 S 4th St, Unit Unit #1 in the in the University neighborhood starting from $2,600. The second greatest value Sibley Park apartment is the Two Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,575 with a $1.16 price per square foot in the University neighborhood. Here is today’s list of the best values for Sibley Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 508 S 4th St, Unit Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.25 |
| 328 N 6th St, Unit 328 N 6th St. Unit 2 | 328 N 6th St | 3BR,1BA | $1.06 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| 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 |
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 LifestyleSibley Park, Mankato, MN
Ranked #9
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $2,400.
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 $654 which is $1,746 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

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.