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Cheap Apartments for Rent in the University Neighborhood of Mankato, MN from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Mankato.
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from $6822 to 3 Bedroom Apartments Available Now
Bunting Lane Apartments
311 Bunting LnMankato, MN 56001
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from $7751 to 5 Bedroom Apartments Available Now
Highland Hills Apartments
1340 Warren StMankato, MN 56001
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from $8251 to 2 Bedroom Apartments Available Aug 15
Glenwood Terrace
107-115 Parkway AveMankato, MN 56001
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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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from $8731 to 5 Bedroom Apartments Available Aug 1
College Station
1341 Pohl RdMankato, MN 56001
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from $9251 to 3 Bedroom Apartments Available Now
River Bluff Apartments
405 N 5th StMankato, 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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from $9251 to 3 Bedroom Apartments Available Now
The Grove at Mankato
200 Briargate RdMankato, MN 56001
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from $9501 Bedroom Apartment Available Jul 1
1325 Fair Street, Unit #3
1325 Fair StreetMankato, MN 56001
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from $9752 Bedroom Apartment Available Aug 1
141 E Welcome Ave, Unit M Hanson Prop.
141 E Welcome AveMankato, MN 56001
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from $1,0001 to 2 Bedroom Apartments Available Jul 1
Huntington Hills Apartments & Townhomes
744 James AveMankato, MN 56001
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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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Showing Results 1-25, 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 1 Bedroom Apartments | $1,076 | $775 | $2,000 |
| University 2 Bedroom Apartments | $1,284 | $682 | $3,725 |
| University 3 Bedroom Apartments | $1,497 | $1,249 | $2,095 |
| University 4 Bedroom Apartments | $1,482 | $595 | $1,900 |
Browse Apartments in this Neighborhood
There are currently 25 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 2 Beds unit found at Bunting Lane Apartments priced from $682. Highland Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable University apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bunting Lane Apartments | Random Roommate Included! | 2BR,2BA | $682 |
| Highland Hills Apartments | Elm Tree Court | 1BR,1BA | $775 |
| River Bluff Apartments | Two Bedroom | 2BR,1BA | $1,070 |
| Riverfront Court | Two Bedroom/ One Bathroom w Balcony | 2BR,1BA | $1,120 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in University, MN
As of June 07, 2025 the best value apartment in the University area is the $0.81 price per square foot 229 Center St Model at 229 Center St, Unit 2 in the in the University neighborhood starting from $1,295. The second greatest value University apartment is the 220 State St Model at 220 State St, Unit #2 2nd Floor starting at $1,400 with a $0.93 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. |
|---|---|---|---|
| 229 Center St, Unit 2 | 229 Center St | 4BR,1BA | $0.81 |
| 220 State St, Unit #2 2nd Floor | 220 State St | 3BR,1BA | $0.93 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.25 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.29 |
| 406 Belle Ave, Unit 1 | 406 Belle Ave | 2BR,1BA | $0.90 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.22 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.35 |
| 429 State St, Unit 203 | 429 State St | 2BR,1BA | $1.34 |
Quick Rent Budget Calculator
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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 #7
Among neighborhoods in Mankato, MN 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.
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 $775, while the average apartment in University costs $1,920.
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 6 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 $777 which is $1,143 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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.