
Cheap Homes for Rent in University Neighborhood of Mankato, MN from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Mankato.


114 Lynn Ln

123 Jaybee Ln

121 Lynn Ln

152 Lynn Ln

141 Lynn Ln
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.

203 Karu Dr

122 Terri Ln

121 Jaybee Ln

127 Laurinda Ln

101 Heather Ln

106 Bardin Dr
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.

314 E Hickory St
University, Mankato, MN Local Guide

How much does it cost to rent a home in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University 2 Bedroom Homes for Rent | $1,468 | $995 | $1,850 |
| University 3 Bedroom Homes for Rent | $1,567 | $1,200 | $2,100 |
| University 4 Bedroom Homes for Rent | $1,789 | $1,595 | $2,160 |
| University 5 Bedroom Homes for Rent | $2,594 | $1,850 | $3,050 |
| University 6 Bedroom Homes for Rent | $2,640 | $2,640 | $2,640 |
| University 7 Bedroom Homes for Rent | $2,975 | $2,975 | $2,975 |
Browse Homes for Rent in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the University Neighborhood of Mankato, MN.
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University, Mankato, MN Local Guide
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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 Cherry Square priced from $995. Knollcrest has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable University apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Knollcrest | 2 bed | 2BR,1BA | $995 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1,000 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Riverfront Court | Two Bedroom/ One Bathroom w Balcony | 2BR,1BA | $1,120 |
Best Value Apartments for Rent in University, MN
As of December 07, 2025 the best value apartment in the University area is the $1.44 price per square foot 2 bed, 1.5 bath Model at Stadium Courtyard in the in the University neighborhood starting from $1,649. 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. |
|---|---|---|---|
| Stadium Courtyard | 2 bed, 1.5 bath | 2BR,2BA | $1.44 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.43 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.28 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.18 |
| Huntington Hills Apartments & Townhomes | Large 2BR | 2BR,1BA | $1.43 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| 221 State St, Unit 1 | 221 State St | 1BR,1BA | $1.39 |
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 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.
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
Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 114 Apartments for Rent in University, MN with pricing that ranges from $451 to $2,830. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $995 to $3,050.
What is the current price range for Rental Homes in University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $995 to $3,050 with an average monthly rent of $2,028.
How much are larger Three and Four Bedroom Rentals in University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University range from $885 to $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $700.
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.

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.

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.