Cheap Homes for Rent in The Prairie Neighborhood of Mankato, MN from $1,100 (3 Rentals)

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

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 418 Allan Ave

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

418 Allan 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.

property at 312 Belgrade Ave

$1,200 - $1,450

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,450

Total Monthly Price
$1,200 - $1,450

3 To 4 Bedroom Homes for Rent

Available Now

312 Belgrade Ave

North MankatoMN56003

Best Value Apartments for Rent in The Prairie, MN

As of April 28, 2026 the best value apartment in the The Prairie area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) 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 $1,050 with a $0.66 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 Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
442 Belgrade AveThree Bedroom3BR,2BA$0.66
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.28
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.22
2108 Arlington Trl, Unit 42108 Arlington Trl2BR,1BA$1.16
313 E Rock St, Unit 2313 E Rock St2BR,1BA$1.09
320 E Hickory St, Unit 1320 E Hickory St3BR,1BA$1.20
305 1/2 Elm St, Unit 305.5305 1/2 Elm St1BR,1BA$1.02
Rita Road2 Bed 1 Bath2BR,1BA$1.29
612 N 4th St612 N 4th St2BR,1BA$1.28

Frequently Asked Questions about The Prairie

What type of rentals are currently available in The Prairie?

There are currently 47 Apartments for Rent in The Prairie, MN with pricing that ranges from $875 to $2,794. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Prairie ranging from $1,100 to $2,500.

What is the current price range for Rental Homes in The Prairie?

Today's rental pricing for Homes for Rent, Condos and Townhomes in The Prairie ranges from $1,100 to $2,500 with an average monthly rent of $1,741.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.