Cheap Homes for Rent in the University Neighborhood of Mankato, MN from $700 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the University area of Mankato.

property at 323 Warren St

$750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

323 Warren St, Unit 3

323 Warren St
MankatoMN56001
property at 222 1/2 W 6th St

$850

1 Bedroom, 1 Bath Rentals

Available Now

222 1/2 W 6th St.

222 1/2 W 6th St
MankatoMN56001

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001
property at 525 S 5th St

$1,145

2 Bedroom, 1 Bath Rentals

Available Now

525 S 5th St

MankatoMN56001

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

University, Mankato, MN Local Guide

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 Cherry Ridge Apartments priced from $995. Valley View Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,000. Here are the most affordable University apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Cherry Ridge ApartmentsTax Credit2BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Huntington Hills Apartments & Townhomes1BR Apartment1BR,1BA$1,000

Best Value Apartments for Rent in University, MN

As of July 24, 2026 the best value apartment in the University area is the $0.83 price per square foot 909 S Front St Model at 909 S Front St, Unit 3 in the in the University neighborhood starting from $990. The second greatest value University apartment is the 2 Beds, 1 bath Model at Pfau Reed Apartments starting at $1,120 with a $1.02 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 ListingModel NameBed/BathPrice Per Sq.Ft.
909 S Front St, Unit 3909 S Front St3BR,1BA$0.83
Pfau Reed Apartments2 Beds, 1 bath2BR,1BA$1.02
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
125 N Broad St, Unit 125 N Broad St Apt 1125 N Broad St1BR,1BA$0.95
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
Sinclair Flats2 Bedroom2BR,1BA$1.09
Wesley PlaceWesley Place - 82BR,1BA$1.17
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
429 State St, Unit 203429 State St2BR,1BA$1.38
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
University, Mankato, MN

Ranked #10

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about University

What type of rentals are currently available in University?

There are currently 125 Apartments for Rent in University, MN with pricing that ranges from $795 to $2,350. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $750 to $2,395.

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 $2,395 with an average monthly rent of $1,589.

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 $990 to $1,829, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,780.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.