
Cheap Homes for Rent in University Neighborhood of Mankato, MN from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Mankato.


218 Van Brunt St

301 N Riverfront Dr
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.

209 1/2 Cross Street

114 Lynn Ln

123 Jaybee Ln
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.
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 | $1,516 | $1,050 | $2,495 |
University 3 Bedroom Homes for Rent | $1,469 | $1,200 | $1,875 |
University 4 Bedroom Homes for Rent | $2,022 | $1,495 | $2,200 |
University 5 Bedroom Homes for Rent | $2,795 | $2,595 | $2,995 |
University 6 Bedroom Homes for Rent | $2,895 | $2,880 | $2,910 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 Studio unit found at Highland Hills Apartments priced from $750. College Station has the second lowest priced unit, which is a 1 Bed apartment currently listed from $931. 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 |
College Station | 1 Bedroom | 1BR,1BA | $931 |
Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
Best Value Apartments for Rent in University, MN
As of October 22, 2025 the best value apartment in the University area is the $1.09 price per square foot 320 E Hickory St Model at 320 E Hickory St, Unit 1 in the in the University neighborhood starting from $1,250. 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. |
---|---|---|---|
320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.09 |
Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.16 |
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 |
112 S 5th St, Unit Upper | 112 S 5th St | 1BR,1BA | $1.14 |
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.
Read ArticleDon'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?
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Pet Friendly LifestyleUniversity, Mankato, MN
Ranked #6
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 110 Apartments for Rent in University, MN with pricing that ranges from $750 to $2,830. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $750 to $2,995.
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 $750 to $2,995 with an average monthly rent of $1,942.
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 $1,250 to $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $1,875. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,600.
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.