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$750 - $1,980
Plus Fees12 Month Lease Term
Studio to 5 Bedroom Apartments Available Aug 1Highland Hills Apartments
1340 Warren StMankato, MN 56001
Cheap Apartments for Rent in the University Neighborhood of Mankato, MN from $500 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Mankato.
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Rent Specials
$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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$895
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$895
Total Monthly Price
$895
107 E Liberty St, Unit 2, Unit 2
107 E Liberty StMankato, 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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$975
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$975
Total Monthly Price
$975
141 E Welcome Ave, Unit M Hanson Prop., Unit M Hanson Prop.
141 E Welcome AveMankato, MN 56001
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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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$1,000 - $2,250
Plus Fees12 Month Lease Term
1 to 4 Bedroom Apartments Available NowHuntington Hills Apartments & Townhomes
744 James AveMankato, MN 56001
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$1,000 - $1,050
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Apr 30Village Place Apartments of Mankato
100-104 Thomas DrMankato, MN 56001
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$1,025 - $1,175
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartment Available May 1Total Monthly Price
Base Rent
$1,025 - $1,175
Total Monthly Price
$1,025 - $1,175
500 Belle Ave
500 Belle AveMankato, MN 56001
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,030 - $1,580
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,000 - $1,550
Required Monthly Fees
Varies
Total Monthly Price
Varies
River Bluff Apartments
405 N 5th StMankato, MN 56001
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$1,045 - $1,125
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityGray Hawk Apartments
160-180 Homestead RdMankato, MN 56001
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$1,080 - $1,330
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Jun 5Total Monthly Price
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$1,050 - $1,300
Required Monthly Fees
Varies
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Varies
The Edge Apartments
1902 Warren StMankato, MN 56001
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$1,095
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCherry Ridge Apartments
101 Glenwood AveMankato, MN 56001
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$1,095
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,095
Total Monthly Price
$1,095
407 Glenwood Ave, Unit 2, Unit 2
407 Glenwood AveMankato, 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
Total Monthly Price
$1,100
429 State St, Unit 203, Unit 203
429 State 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
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$1,114 - $1,364
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowSouthwood Flats
520 James AveMankato, MN 56001
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$1,131
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,101
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Alma
105 E Walnut 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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$1,200
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available May 1Total Monthly Price
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$1,200
Total Monthly Price
$1,200
1325 Fair Street, Unit #4, Unit #4
1325 Fair StreetMankato, MN 56001
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$1,200
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available NowTotal Monthly Price
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$1,200
Total Monthly Price
$1,200
320 E Hickory St, Unit 1, Unit 1
320 E Hickory StMankato, MN 56001
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$1,200 - $1,400
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available May 1Total Monthly Price
Base Rent
$1,200 - $1,400
Total Monthly Price
$1,200 - $1,400
220 State St
220 State StMankato, MN 56001
204 N 5th St
MankatoMN56001
142 Bunting Ln
MankatoMN56001
109 Florence St
MankatoMN56001
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$1,275
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$1,275
Total Monthly Price
$1,275
422 Commodore Dr, Unit 424, Unit 424
422 Commodore DrMankato, MN 56001
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$1,300 - $1,500
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowCardinal Creek Apartments
111 Redtail CtMankato, MN 56001
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$1,300 - $1,800
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowRiverfront Court
115 S Riverfront DrMankato, 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 to 2 Bedroom Apartments
Lewis Lofts
209 Dewey StMankato, MN 56001
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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
633 S 2nd St
MankatoMN56001
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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.
326 E Washington St
MankatoMN56001
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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
325 E Washington St
MankatoMN56001
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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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2 Bedroom Apartments
Pfau Reed Apartments
610-620 Reed StMankato, MN 56001
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4 Bedroom Apartments
Maverick Heights
1522 Warren StMankato, MN 56001
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Studio to 2 Bedroom Apartments
428 Flatts
428 Holly LnMankato, MN 56001
Showing Results 1-48, Page 1 of 1
University, Mankato, MN Local Guide
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 | $1,309 | $855 | $2,120 |
| University 2 Bedroom Apartments | $1,559 | $975 | $2,370 |
| University 3 Bedroom Apartments | $1,828 | $1,200 | $2,794 |
| University 4 Bedroom Apartments | $2,065 | $1,780 | $2,250 |
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 48 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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- School Districts
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 Sinclair Flats priced from $839. Lewis Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here are the most affordable University apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $839 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| 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 | $1,030 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1,095 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1,100 |
| Southwood Flats | 1 Bed, 1 Bath (original) | 1BR,1BA | $1,114 |
Best Value Apartments for Rent in University, MN
As of April 29, 2026 the best value apartment in the University area is the $1.23 price per square foot New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes in the in the University neighborhood starting from $1,850. The second greatest value University apartment is the Three Bedroom Two Bath Model at Riverfront Court starting at $1,450 with a $1.36 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. |
|---|---|---|---|
| Willow Cascades Townhomes | New 3Br, 2.5 Bath @ Willow Cascades! | 3BR,2.5BA | $1.23 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| 320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.20 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $0.89 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.33 |
| 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 | $1.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
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.
Read ArticleQuick Rent Budget Calculator
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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If you’re an expert on all things University, tell us what you love (and don't) by rating it and writing a review.
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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.
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 $855, 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 18 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 $1,344 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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.