222 1/2 W 6th St.
222 1/2 W 6th St
MankatoMN56001
Cheap Homes for Rent in University Neighborhood of Mankato, MN from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Mankato.
325 E Washington St
MankatoMN56001
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$1,1373 Bedroom Apartments Available Jun 15
121 Ahlstrom Rd, Unit #2
121 Ahlstrom RdMankato, 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.
622 S 4th St, Unit 2
622 S 4th St
MankatoMN56001
319 E Main St
MankatoMN56001
306 Louva Ln
MankatoMN56001
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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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 | $1,374 | $1,025 | $1,600 |
| University 3 Bedroom Homes for Rent | $1,785 | $1,400 | $1,950 |
| University 4 Bedroom Homes for Rent | $1,739 | $1,324 | $2,400 |
| University 5 Bedroom Homes for Rent | $2,236 | $1,695 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 1 Bed unit found at Lewis Lofts priced from $855. Village Place Apartments of Mankato has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable University apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $975 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
Best Value Apartments for Rent in University, MN
As of June 09, 2026 the best value apartment in the University area is the $1.04 price per square foot 508 S 4th St Model at 508 S 4th St, Unit #1 in the in the University neighborhood starting from $2,600. The second greatest value University apartment is the Two Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,575 with a $1.16 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. |
|---|---|---|---|
| 508 S 4th St, Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| 328 N 6th St, Unit 328 N 6th St. Unit 2 | 328 N 6th St | 3BR,1BA | $1.06 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $1.34 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $1.37 |
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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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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Pet Friendly LifestyleUniversity, Mankato, MN
Ranked #8
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 126 Apartments for Rent in University, MN with pricing that ranges from $750 to $2,794. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $895 to $2,600.
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 $895 to $2,600 with an average monthly rent of $1,660.
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 $1,080 to $2,794, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $1,950. Four Bedroom Single-Family rentals are also available starting from $1,324 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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.