Cheap Homes for Rent in University Neighborhood of Mankato, MN from $600 (23 Rentals)

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Cheap Homes in the University area of Mankato.

property at 327 E Walnut St

327 E Walnut St

MankatoMN56001

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 515 W 11th St

515 W 11th St

MankatoMN56001

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 1 Bed unit found at Highland Hills Apartments priced from $775. Riverfront Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,120. Here are the most affordable University apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
Riverfront CourtTwo Bedroom/ One Bathroom w Balcony2BR,1BA$1,120
River Bluff ApartmentsTwo Bedroom2BR,1BA$1,200
The Village Place FlatsOne Bedroom ADA1BR,1BA$1,250
The Edge ApartmentsTwo Bedroom2BR,1BA$1,275

Best Value Apartments for Rent in University, MN

As of May 06, 2025 the best value apartment in the University area is the $0.88 price per square foot 428 Deldona Dr Model at 428 Deldona Dr, Unit 3 in the in the University neighborhood starting from $1,685. The second greatest value University apartment is the 220 State St Model at 220 State St, Unit #2 2nd Floor starting at $1,400 with a $0.93 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.
428 Deldona Dr, Unit 3428 Deldona Dr3BR,2BA$0.88
220 State St, Unit #2 2nd Floor220 State St3BR,1BA$0.93
221 N 5th St, Unit 1221 N 5th St4BR,1BA$1.08
210 Cross St, Unit Upper210 Cross St3BR,1BA$1.22
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
The Grove at MankatoB2C3BR,2BA$1.41
Cedar Meadow Apartments3BR3BR,1BA$1.40
500 Belle Ave, Unit 1500 Belle Ave1BR,1BA$1.54
College Station1 Bedroom1BR,1BA$1.41

Quick Rent Budget Calculator

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Frequently Asked Questions about University

What type of rentals are currently available in University?

There are currently 112 Apartments for Rent in University, MN with pricing that ranges from $775 to $3,725. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $650 to $2,950.

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 $650 to $2,950 with an average monthly rent of $1,708.

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 $1,269 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,325.

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.