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


Glenwood Terrace

Valley View Apartments

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305 1/2 Elm St, Unit 305.5, Unit 305.5

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717 N 2nd St, Unit 4, Unit 4

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141 E Welcome Ave, Unit M Hanson Prop., Unit M Hanson Prop.

Cherry Square

Huntington Hills Apartments & Townhomes
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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612 N 4th St

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River Bluff Apartments

Gray Hawk Apartments

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The Edge Apartments

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407 Glenwood Ave, Unit 2, Unit 2

Cherry Ridge Apartments

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429 State St, Unit 203, Unit 203

Rita Road
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

Southwood Flats

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The Alma

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220 State St

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320 E Hickory St, Unit 1, Unit 1

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313 E Rock St, Unit 2, Unit 2

109 Florence St

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1428 N 4th St, Unit #1, Unit #1
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.

Riverfront Court

Westview Heights

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Axis Lofts

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513 N Riverfront Dr

314 E Cherry St, Unit 3

Sibley Village Townhomes

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M² Lofts

Lewis Lofts
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.

Sinclair Flats

442 Belgrade Ave

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329 Belgrade Ave, Unit 2, Unit 2

Commerce Apartments

Village Court Apartments

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Hoover Estates

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1740 Lee Blvd, Unit 3, Unit 3

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1701 Pleasant View Dr, Unit 4, Unit 4
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.

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2108 Arlington Trl, Unit 4, Unit 4

The Forde

429 Belgrade Ave, Unit 429.5 #2, Unit 429.5 #2

418 Allan Ave
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 | $1,290 | $850 | $2,120 |
| Sibley Park 2 Bedroom Apartments | $1,504 | $950 | $2,370 |
| Sibley Park 3 Bedroom Apartments | $1,974 | $1,095 | $2,794 |
| Sibley Park 4 Bedroom Apartments | $2,176 | $1,780 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 2 mile radius of the Sibley Park Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
Sibley Park, Mankato, MN Local Guide
- Nearby Mankato neighborhoods
- Nearby Cities
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $839 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.09 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| 320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.20 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $0.89 |
| 305 1/2 Elm St, Unit 305.5 | 305 1/2 Elm St | 1BR,1BA | $1.02 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.12 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
| 612 N 4th St | 612 N 4th St | 2BR,1BA | $1.28 |
| 329 Belgrade Ave, Unit 2 | 329 Belgrade Ave | 1BR,1BA | $1.06 |
| Bunting Lane Apartments | Individual 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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 #10
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 $2,250.
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

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.

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.

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.

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.