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$745
Total Monthly Price12 Month Lease Term
Studio Apartment Available Jan 1, 2026Total Monthly Price
Base Rent
$745
Total Monthly Price
$745
525 S Broad St, Unit 3
525 S Broad StMankato, MN 56001
Cheap Apartments for Rent in the University Neighborhood of Mankato, MN from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Mankato.
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$750 - $1,880
Plus Fees12 Month Lease Term
Studio to 4 Bedroom Apartments Available NowHighland Hills Apartments
1340 Warren StMankato, MN 56001
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$875
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$875
Total Monthly Price
$875
107 E Liberty St, Unit 3
107 E Liberty StMankato, MN 56001
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$900 - $1,125
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowVillage Place Apartments
100-104 Thomas DrMankato, MN 56001
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$900 - $950
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Dec 1Valley View Apartments
450-470 James AveMankato, MN 56001
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Rent Specials
$931 - $2,135
Plus Fees12 Month Lease Term
1 to 5 Bedroom Apartments Available NowCollege Station
1341 Pohl RdMankato, MN 56001
218 Van Brunt St
MankatoMN56001
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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$950
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowGlenwood Terrace
107-115 Parkway AveMankato, MN 56001
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$995
Plus Fees
1 Bedroom Apartments Available Now301 N Riverfront Dr
301 N Riverfront DrMankato, MN 56001
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$995 - $1,045
Plus Fees
2 Bedroom Apartments Available NowKnollcrest
120-122 Knollcrest DrMankato, MN 56001
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$1,000 - $1,250
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowHuntington Hills Apartments & Townhomes
744 James AveMankato, MN 56001
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$1,020 - $1,100
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowGray Hawk Apartments
160-180 Homestead RdMankato, MN 56001
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$1,025 - $1,295
Plus Fees
1 to 2 Bedroom Apartments Available NowCherry Square
500 S 2nd StMankato, 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
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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$1,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Nov 1Total Monthly Price
Base Rent
$1,100
Total Monthly Price
$1,100
429 State St, Unit 203
429 State StMankato, MN 56001
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633 S 2nd St
MankatoMN56001
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Cash 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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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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209 1/2 Cross Street
209 Cross St
North MankatoMN56003
Showing Results 1-31, 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 | $1,487 | $830 | $2,146 |
| University 2 Bedroom Apartments | $1,585 | $950 | $2,396 |
| University 3 Bedroom Apartments | $1,936 | $1,299 | $2,830 |
| University 4 Bedroom Apartments | $1,856 | $1,600 | $2,000 |
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 31 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available University Apartments for Rent
The cheapest available apartment rental in the University area of Mankato, MN is a Studio unit found at Highland Hills Apartments priced from $750. Sinclair Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $838. Here are the most affordable University apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Hills Apartments | Studio | Studio,1BA | $750 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $838 |
| College Station | 1 Bedroom | 1BR,1BA | $931 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
| Village Place Apartments | 1 BR Large W/Den | 1BR,1BA | $975 |
| Knollcrest | 2 bed | 2BR,1BA | $995 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Gray Hawk Apartments | Small 2 Bedroom | 2BR,1BA | $1,020 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $1,025 |
Best Value Apartments for Rent in University, MN
As of October 28, 2025 the best value apartment in the University area is the $1.36 price per square foot Three Bedroom Two Bath Model at Riverfront Court in the in the University neighborhood starting from $1,450. The second greatest value University apartment is the Two Bedroom Model at The Edge Apartments starting at $1,261 with a $1.28 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. |
|---|---|---|---|
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.28 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $0.89 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.27 |
| Gray Hawk Apartments | Medium Two Bedroom | 2BR,1BA | $1.30 |
| Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
| Village Place Apartments | 1 BR Large W/Den | 1BR,1BA | $1.37 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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.
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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 #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.
Getting Around the University Neighborhood in Mankato, MN
Walk Score®
43 / 100
Car-Dependent
Most errands require a car
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap University Apartments
What is the price of a cheap apartment in University?
The cheapest apartment in University is Highland Hills Apartments which is listed at $830, while the average apartment in University costs $2,135.
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 15 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 $1,111 which is $1,024 cheaper than the average rent for all rentals in University.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.