Cheap Apartments for Rent in the The Prairie Neighborhood of Mankato, MN from $724 (40 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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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30

Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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930 N 5th St, Unit 2
$1,000
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000
2 Bedroom Apartment Available Sep 1

930 N 5th St, Unit 2

930 N 5th StMankato, MN 56001
Cost Per Sq.Ft.
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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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River Bluff Apartments
Rent Specials
$1,112 - $1,517
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,082 - $1,487
Required Monthly Fees
$30

Total Monthly Price
$1,112 - $1,517
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Outdoors
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Augusta Park Estates
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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The Alma
$1,167
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,137
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
Transit Friendly
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 Now

101 S Broad St, Unit 1

101 S Broad StMankato, MN 56001
Cost Per Sq.Ft.
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1325 Fair Street
$1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

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

1325 Fair Street

1325 Fair StreetMankato, MN 56001
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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39

Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 1611 5th Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 Bedroom, 1 Bath Home for Rent

Available Now

1611 5th Ave

MankatoMN56001
property at 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Now

815 N 4th St

MankatoMN56001
property at 914 Lyndale St

$724

Total Monthly Price

Total Monthly Price

Base Rent
$724

Total Monthly Price
$724

1 Bedroom, 1 Bath Home for Rent

Available Nov 2

914 Lyndale St

North MankatoMN56003
property at 410 Cross St

$800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Townhome for Rent

Available Now

410 Cross St

North MankatoMN56003
property at 315 Belgrade Ave

$860

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$860

Total Monthly Price
$860

1 Bedroom, 1 Bath Home for Rent

Available Now

315 Belgrade Ave, Unit 3

315 Belgrade Ave
North MankatoMN56003
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Village Court Apartments
$928 - $1,128
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$928 - $1,128

Total Monthly Price
$928 - $1,128
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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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.

property at 630 Lyndale St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Sep 1

630 Lyndale St

North MankatoMN56003
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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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property at 325.5 McKinley Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

325.5 McKinley Ave

North MankatoMN56003

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.

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 Glenwood Terrace priced from $880. Village Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $928. Here are the most affordable The Prairie apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Glenwood Terrace1 BR/1 BA1BR,1BA$880
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
Key City Group, LLC (BT)2BR/1.0BA2BR,1BA$995
Commerce ApartmentsTwo Bedroom2BR,1BA$1,000
Skyway Properties LLC0BR/1.0BAStudio,1BA$1,050
Hoover Estates2/12BR,1BA$1,065
Cherry Square1 Bedroom1BR,1BA$1,075
Augusta Park EstatesD- StudioStudio,1BA$1,195
Cedar Meadow Apartments3BR3BR,1BA$1,199

Best Value Apartments for Rent in The Prairie, MN

As of August 27, 2026 the best value apartment in the The Prairie area is the $0.80 price per square foot 101 S Broad St Model at 101 S Broad St, Unit 1 in the in the University neighborhood starting from $1,200. The second greatest value The Prairie apartment is the 214 Heather Ln Model at 214 Heather Ln, Unit 3 starting at $1,250 with a $0.96 price per square foot in the University 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.
101 S Broad St, Unit 1101 S Broad St2BR,1BA$0.80
214 Heather Ln, Unit 3214 Heather Ln3BR,2BA$0.96
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.19
422 Commodore Dr, Unit 426422 Commodore Dr2BR,1BA$1.05
2108 Arlington Trl, Unit 42108 Arlington Trl2BR,1BA$1.16
Cedar Meadow Apartments3BR3BR,1BA$1.30
Key City Group, LLC (BT)2BR/1.0BA2BR,1BA$1.12
Village Court Apartments2 Bed, 1 Bath (renovated)2BR,1BA$1.33
Commerce ApartmentsTwo Bedroom2BR,1BA$1.36
Glenwood Terrace1 BR/1 BA1BR,1BA$1.38

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 Glenwood Terrace which is listed at $880, while the average apartment in The Prairie costs $1,315.

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 13 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 $803 which is $512 cheaper than the average rent for all rentals in The Prairie.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.