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Rent Specials
$750 - $1,880
Plus Fees12 Month Lease Term
Studio to 4 Bedroom Apartments Available NowHighland Hills Apartments
1340 Warren StMankato, MN 56001
Cheap Apartments for Rent in the University Neighborhood of Mankato, MN from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Mankato.
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$850
Total Monthly Price3 Month Lease Term
1 Bedroom Apartment Available Oct 1Total Monthly Price
Base Rent
$850
Total Monthly Price
$850
105 Hanover St, Unit #4
105 Hanover StMankato, MN 56001
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$874 - $1,174
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowSouthwood Flats
520 James AveMankato, MN 56001
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$875 - $1,125
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Nov 7Village Place Apartments
100-104 Thomas DrMankato, MN 56001
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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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$895
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Oct 1Total Monthly Price
Base Rent
$895
Total Monthly Price
$895
107 E Liberty St, Unit 3
107 E Liberty StMankato, MN 56001
408 W 2nd St
MankatoMN56001
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$900 - $950
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowValley View Apartments
450-470 James 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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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.
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Showing Results 1-17, 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 | $1,109 | $850 | $2,095 |
| University 2 Bedroom Apartments | $1,243 | $875 | $1,700 |
| University 3 Bedroom Apartments | $1,513 | $1,250 | $2,095 |
| University 4 Bedroom Apartments | $1,784 | $1,600 | $1,880 |
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 17 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
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- 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 |
| Valley View Apartments | One Bedroom | 1BR,1BA | $900 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
| Knollcrest | 2 bed | 2BR,1BA | $995 |
Best Value Apartments for Rent in University, MN
As of September 13, 2025 the best value apartment in the University area is the $0.95 price per square foot 2 bedrooms & 1 loft Model at Sibley Parkway Crossing in the in the University neighborhood starting from $1,900. The second greatest value University apartment is the Three Bedroom Model at Timberwolf Townhomes starting at $1,850 with a $1.20 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 Parkway Crossing | 2 bedrooms & 1 loft | 2BR,2.5BA | $0.95 |
| Timberwolf Townhomes | Three Bedroom | 3BR,2.5BA | $1.20 |
| Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.16 |
| 206 W 9th St, Unit Upper | 206 W 9th St | 2BR,1BA | $1.19 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Gray Hawk Apartments | Large Two Bedroom | 2BR,1BA | $1.21 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
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Pet Friendly LifestyleUniversity, Mankato, MN
Ranked #9
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 Valley View Apartments which is listed at $900, 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 12 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 $1,272 which is $863 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 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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.