Cheap Apartments for Rent in the Sibley Park Neighborhood of Mankato, MN from $500 (30 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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Highland Hills Apartments
Rent Specials
$750 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750 - $1,980

Total Monthly Price
$750 - $1,980
Studio to 5 Bedroom Apartments Available Jun 15

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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403 Riverfront N Dr
$935 - $1,145
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$935 - $1,145

Total Monthly Price
$935 - $1,145
1 to 2 Bedroom Apartment Available Now

403 Riverfront N Dr

403 Riverfront N DrMankato, MN 56001
Affordability
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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
Rent Specials
$1,100 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,070 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
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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 Edge Apartments
Rent Specials
$1,130 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
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The Alma
$1,131 - $1,167
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,101 - $1,137
Required Monthly Fees
Varies

Total Monthly Price
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1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
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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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101 S Broad St, Unit 1
$1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200
2 Bedroom Apartment Available Aug 1

101 S Broad St, Unit 1

101 S Broad StMankato, MN 56001
Cost Per Sq.Ft.
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
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Sinclair Flats
1 to 3 Bedroom Apartments

Sinclair Flats

210 Dewey LnMankato, MN 56001

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
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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1916 Haughton Ave, Unit 4
$1,175
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175
2 Bedroom Apartment Available Aug 1

1916 Haughton Ave, Unit 4

1916 Haughton AveNorth Mankato, MN 56003
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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. 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 ListingModel NameBed/BathPriced From
442 Belgrade AveOne Bedroom1BR,1BA$835
Lewis Lofts1a1t1BR,1BA$855
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
Cherry Ridge ApartmentsTax Credit2BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Huntington Hills Apartments & Townhomes1BR Apartment1BR,1BA$1,000
Commerce ApartmentsTwo Bedroom2BR,1BA$1,000
Hoover Estates2/12BR,1BA$1,065
River Bluff ApartmentsTwo Bedroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
508 S 4th St, Unit Unit #1508 S 4th St5BR,2BA$1.04
Sibley Village TownhomesTwo Bedroom One Half Bathroom2BR,1.5BA$1.16
313 E Rock St, Unit 2313 E Rock St2BR,1BA$1.25
328 N 6th St, Unit 328 N 6th St. Unit 2328 N 6th St3BR,1BA$1.06
2108 Arlington Trl, Unit 42108 Arlington Trl2BR,1BA$1.16
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
Sinclair Flats2 Bedroom2BR,1BA$1.34
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
442 Belgrade AveOne Bedroom1BR,1BA$1.04
Bunting Lane ApartmentsIndividual 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.

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Real 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.

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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 #9

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 $2,400.

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

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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.

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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.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.