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$750 - $1,980
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 $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Mankato.
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$784 - $1,182
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowLewis Lofts
209 Dewey StMankato, MN 56001
318 E Walnut St
MankatoMN56001
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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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$925
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available May 1Total Monthly Price
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$925
Total Monthly Price
$925
505 S 4th St, Unit 2
505 S 4th StMankato, MN 56001
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$975
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Aug 1Total Monthly Price
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$975
Total Monthly Price
$975
157 E Welcome Ave, Unit 1
157 E Welcome AveMankato, 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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$995 - $1,295
Plus Fees
1 to 2 Bedroom Apartments Available NowCherry Square
500 S 2nd StMankato, MN 56001
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$995
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1 Bedroom Apartment Available Aug 1Total Monthly Price
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$995
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$995
111 E Cherry St, Unit 121
111 E Cherry StMankato, MN 56001
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$1,000
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Apr 1Village Place Apartments
100-104 Thomas DrMankato, MN 56001
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$1,011 - $1,511
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiver Bluff Apartments
405 N 5th StMankato, MN 56001
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$1,020 - $1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityGray Hawk Apartments
160-180 Homestead RdMankato, MN 56001
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$1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowRita Road
188-192 Rita RdMankato, MN 56001
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$1,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,100
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$1,100
429 State St, Unit 203
429 State StMankato, 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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Studio to 2 Bedroom Apartments
404 S 4th St
404 S 4th StMankato, MN 56001
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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
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.
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1 to 3 Bedroom Apartments
The Preserve Apartments
240 Jaycee CtMankato, MN 56001
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1 to 2 Bedroom Apartments
Hilltop Lane Apartments
50 Hilltop LnMankato, MN 56001
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2 to 3 Bedroom Apartments
Colette Townhomes
428 Commodore DrMankato, MN 56001
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2 Bedroom Apartments
Knollcrest
120-122 Knollcrest DrMankato, MN 56001
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1 to 2 Bedroom Apartments
Meadow Rivers Apartments
1251-1261 Pohl RdMankato, MN 56001
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Studio to 2 Bedroom Apartments
107 S 5th St
107 S 5th StMankato, MN 56001
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1 to 2 Bedroom Apartments
Echo Rivers
115 Echo StMankato, MN 56001
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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1 to 3 Bedroom Apartments
Cherry Ridge Apartments
101 Glenwood AveMankato, MN 56001
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2 Bedroom Apartments
Pfau Reed Apartments
610-620 Reed StMankato, MN 56001
Showing Results 1-30, Page 1 of 1
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 | $750 | $750 | $750 |
| University 1 Bedroom Apartments | $1,297 | $784 | $2,150 |
| University 2 Bedroom Apartments | $1,566 | $925 | $2,396 |
| University 3 Bedroom Apartments | $1,846 | $1,349 | $2,830 |
| University 4 Bedroom Apartments | $2,140 | $1,780 | $2,400 |
| University 5 Bedroom Apartments | $2,286 | $1,475 | $2,750 |
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 30 rentals with your search options within a 2 mile radius of the University Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
University, Mankato, MN Local Guide
- Nearby Mankato neighborhoods
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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 $784. Glenwood Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. 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 | $784 |
| 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 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,011 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $1,025 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1,100 |
| Southwood Flats | 1 Bed, 1 Bath (original) | 1BR,1BA | $1,114 |
| Riverfront Court | Two Bedroom/ One Bathroom w Balcony | 2BR,1BA | $1,120 |
Best Value Apartments for Rent in University, MN
As of March 14, 2026 the best value apartment in the University area is the $1.04 price per square foot 508 S 4th St Model at 508 S 4th St, Unit Unit #1 in the in the University neighborhood starting from $2,600. The second greatest value University apartment is the 229 Center St Model at 229 Center St, Unit 1 starting at $1,595 with a $1.04 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. |
|---|---|---|---|
| 508 S 4th St, Unit Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| 229 Center St, Unit 1 | 229 Center St | 3BR,1BA | $1.04 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| 119 S 6th St, Unit 1 | 119 S 6th St | 2BR,1BA | $1.20 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
| Huntington Hills Apartments & Townhomes | Remodeled 2 Bedroom Apartment | 2BR,1BA | $1.37 |
| 429 State St, Unit 203 | 429 State St | 2BR,1BA | $1.38 |
| 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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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.
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Pet Friendly LifestyleUniversity, Mankato, MN
Ranked #8
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 $2,367.
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 19 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 $570 which is $1,797 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
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.
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.