Cheap Apartments for Rent in the The Prairie Neighborhood of Mankato, MN from $400 (23 Rentals)

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

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525 S Broad St, Unit 3
$745
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$745

Total Monthly Price
$745
Studio Apartment Available Jan 1, 2026

525 S Broad St, Unit 3

525 S Broad StMankato, MN 56001
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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
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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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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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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
  • Verified
  • Utilities Included
  • Low Income
property at 418 Allan Ave

418 Allan Ave

North MankatoMN56003

The Prairie, Mankato, MN Local Guide

Cheapest Available The Prairie Apartments for Rent

 

The cheapest available apartment rental in the The Prairie 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 The Prairie apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Cherry Square1 Bedroom1BR,1BA$995
Knollcrest2 bed2BR,1BA$995
Rita Road2 Bed 1 Bath2BR,1BA$1,000
Village Court Apartments2 Bed, 1 Bath (renovated)2BR,1BA$1,099
Riverfront CourtTwo Bedroom/ One Bathroom w Balcony2BR,1BA$1,120

Best Value Apartments for Rent in The Prairie, MN

As of November 28, 2025 the best value apartment in the The Prairie area is the $1.19 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value The Prairie apartment is the Three Bedroom Model at 442 Belgrade Ave starting at $1,500 with a $0.94 price per square foot in the City Center Mankato neighborhood. Here is today’s list of the best values for The Prairie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run TownhomesFox Run Townhomes3BR,2.5BA$1.19
442 Belgrade AveThree Bedroom3BR,2BA$0.94
Wolf Point TownhomesThree Bedroom3BR,2.5BA$1.28
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.14
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
1740 Lee Blvd, Unit 31740 Lee Blvd2BR,1BA$1.33
Knollcrest2 bed2BR,1BA$1.11
Rita Road2 Bed 1 Bath2BR,1BA$1.18

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
The Prairie, Mankato, MN

Ranked #11

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 The Prairie Neighborhood in Mankato, MN

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap The Prairie Apartments

What is the price of a cheap apartment in The Prairie?

The cheapest apartment in The Prairie is Cherry Square which is listed at $995, while the average apartment in The Prairie costs $2,355.

What types of apartments are the cheapest in The Prairie?

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 10 regular apartments in The Prairie 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 The Prairie?

Cheap apartments in The Prairie have an average cost of $718 which is $1,637 cheaper than the average rent for all rentals in The Prairie.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.