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$370 - $1,000
Plus Fees12 Month Lease Term
Studio to 5 Bedroom Apartments Contact Us For AvailabilityHighland Hills Apartments
1340 Warren StMankato, MN 56001
Cheap Apartments for Rent in the University Neighborhood of Mankato, MN from $300 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Mankato.
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$538 - $1,182
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowLewis Lofts
209 Dewey StMankato, MN 56001
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$825
Plus Fees
1 Bedroom Apartments Available Apr 1217.5 Willard St
217.5 Willard StMankato, MN 56001
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$835 - $1,175
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowVillage Place Apartments
100-104 Thomas DrMankato, MN 56001
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$880 - $985
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowGlenwood Terrace
107-115 Parkway AveMankato, MN 56001
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$900 - $1,000
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowValley View Apartments
450-470 James AveMankato, MN 56001
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Studio to 2 Bedroom Apartments
404 S 4th St
404 S 4th StMankato, MN 56001
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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1 to 3 Bedroom Apartments
Eastport Apartments
1001 Eastport DrMankato, MN 56001
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1 to 2 Bedroom Apartments
Parkway
101-103 Parkway AveMankato, MN 56001
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Studio to 2 Bedroom Apartments
River Bluff Suites
123 N 4th StMankato, MN 56001
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1 to 3 Bedroom Apartments
Sinclair Flats
210 Dewey LnMankato, MN 56001
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1 to 3 Bedroom Apartments
Rosa Place
510 Timberwolf DrMankato, MN 56001
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1 to 3 Bedroom Apartments
Rosa Place Apartments II
875 Heron drMankato, MN 56001
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1 to 3 Bedroom Apartments
The Preserve Apartments
240 Jaycee CtMankato, 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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University, Mankato, MN Local Guide
Bison cooling off at Minneopa State Park by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent an apartment in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Studio Apartments | $792 | $750 | $835 |
| University 1 Bedroom Apartments | $1,434 | $784 | $2,146 |
| University 2 Bedroom Apartments | $1,683 | $538 | $2,396 |
| University 3 Bedroom Apartments | $1,856 | $450 | $2,830 |
| University 4 Bedroom Apartments | $1,474 | $445 | $1,828 |
| University 5 Bedroom Apartments | $1,881 | $370 | $2,545 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the University Neighborhood of Mankato, MN.
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University, Mankato, MN Local Guide
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Cheapest Available University Apartments for Rent
The cheapest available apartment rental in the University area of Mankato, MN is a 1 Bed unit found at Lewis Lofts priced from $451. Village Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable University apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lewis Lofts | 1a1t | 1BR,1BA | $451 |
| Village Place Apartments | Studio | Studio,1BA | $835 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $839 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in University, MN
As of January 28, 2026 the best value apartment in the University area is the $1.16 price per square foot Three Bedroom One Half Bathroom Model at Sibley Village Townhomes in the in the University neighborhood starting from $1,795. The second greatest value University apartment is the 3 Bedroom Model at Sinclair Flats starting at $1,425 with a $1.21 price per square foot in the University neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sibley Village Townhomes | Three Bedroom One Half Bathroom | 3BR,1.5BA | $1.16 |
| Sinclair Flats | 3 Bedroom | 3BR,2BA | $1.21 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
| 500 Belle Ave, Unit 1 | 500 Belle Ave | 2BR,1BA | $1.38 |
| Huntington Hills Apartments & Townhomes | 2 Bedroom Apartment | 2BR,1BA | $1.37 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $1.38 |
| Lewis Lofts | 1a1t | 1BR,1BA | $1.27 |
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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The 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.
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Pet Friendly LifestyleUniversity, Mankato, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
Our team of engineers and researchers works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Mankato. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, places to raise kids, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap University Apartments
What is the price of a cheap apartment in University?
The cheapest apartment in University is Lewis Lofts which is listed at $784, while the average apartment in University costs $2,305.
What types of apartments are the cheapest in University?
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 17 regular apartments in University 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 University?
Cheap apartments in University have an average cost of $791 which is $1,514 cheaper than the average rent for all rentals in University.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.