Cheap Homes for Rent in University Neighborhood of Mankato, MN from $900 (9 Rentals)

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

property at 103 Lincoln St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Condo for Rent

Available Now

103 Lincoln St

MankatoMN56001
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 114 Lynn Ln

$1,169

Total Monthly Price

Total Monthly Price

Base Rent
$1,169

Total Monthly Price
$1,169

1 Bedroom, 1 Bath Home for Rent

Available Now

114 Lynn 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.

property at 121 Lynn Ln

$1,239

Total Monthly Price

Total Monthly Price

Base Rent
$1,239

Total Monthly Price
$1,239

2 Bedroom, 1 Bath Home for Rent

Available Now

121 Lynn Ln

MankatoMN56001
property at 152 Lynn Ln

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 2 Bath Home for Rent

Available Now

152 Lynn Ln

MankatoMN56001
property at 142 Lynn Ln

$1,290

Total Monthly Price

Total Monthly Price

Base Rent
$1,290

Total Monthly Price
$1,290

3 Bedroom, 2 Bath Home for Rent

Available Now

142 Lynn Ln

MankatoMN56001
property at 127 Laurinda Ln

$1,299

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,299

Total Monthly Price
$1,299

2 Bedroom, 2 Bath Home for Rent

Available Now

127 Laurinda Ln

MankatoMN56001

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.

property at 306 Louva Ln

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 2 Bath Home for Rent

Available Now

306 Louva Ln

MankatoMN56001

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 $451. Highland Hills Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable University apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Lewis Lofts1a1t1BR,1BA$451
Highland Hills ApartmentsElm Tree Court1BR,1BA$800
Village Place ApartmentsStudioStudio,1BA$835

Best Value Apartments for Rent in University, MN

As of January 21, 2026 the best value apartment in the University area is the $0.34 price per square foot 517 Blue Earth St Model at 517 Blue Earth St, Unit Side Door in the in the University neighborhood starting from $740. The second greatest value University apartment is the Three Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,795 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 ListingModel NameBed/BathPrice Per Sq.Ft.
517 Blue Earth St, Unit Side Door517 Blue Earth St1BR,1BA$0.34
Sibley Village TownhomesThree Bedroom One Half Bathroom3BR,1.5BA$1.16
Sinclair Flats3 Bedroom3BR,2BA$1.21
Pfau Reed Apartments2 Beds, 1 bath2BR,1BA$1.00
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
Cedar Meadow Apartments3BR3BR,1BA$1.40
500 Belle Ave, Unit 1500 Belle Ave2BR,1BA$1.38
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Glenwood Terrace1 BR/1 BA1BR,1BA$1.38
Lewis Lofts1a1t1BR,1BA$0.73

Frequently Asked Questions about University

What type of rentals are currently available in University?

There are currently 111 Apartments for Rent in University, MN with pricing that ranges from $451 to $2,830. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $925 to $3,500.

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 $925 to $3,500 with an average monthly rent of $1,696.

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 $1,290 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $1,680.

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

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!