Cheap Apartments for Rent in the Washington Park Neighborhood of Mankato, MN from $500 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Washington Park area of Mankato.

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930 N 5th St
$750 - $1,000
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750 - $1,000

Total Monthly Price
$750 - $1,000
1 to 2 Bedroom Apartment Available Sep 1

930 N 5th St

930 N 5th StMankato, MN 56001
Cost Per Sq.Ft.
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Highland Hills Apartments
$750 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750 - $1,980

Total Monthly Price
$750 - $1,980
Studio to 5 Bedroom Apartments Available Now

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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  • Utilities Included
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315 E Walnut St, Unit #2
$800
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800
1 Bedroom Apartment Available Sep 1

315 E Walnut St, Unit #2

315 E Walnut StMankato, MN 56001
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112 Grove St, Unit 3
$900
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900
2 Bedroom Apartment Available Aug 1

112 Grove St, Unit 3

112 Grove StMankato, MN 56001
Affordability
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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30

Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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  • 3D Tour

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.

property at 120 S 4th St

$1,024

Total Monthly Price

Total Monthly Price

Base Rent
$1,024

Total Monthly Price
$1,024

2 Bedroom, 1 Bath Home for Rent

Available Now

120 S 4th St

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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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
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  • Utilities Included
property at 325 E Plum St

$1,080

Total Monthly Price

Total Monthly Price

Base Rent
$1,080

Total Monthly Price
$1,080

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

325 E Plum St

MankatoMN56001
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Augusta Park Estates
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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  • Utilities Included
  • 3D Tour
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River Bluff Apartments
Rent Specials
$1,130 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Family Friendly
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The Alma
$1,131 - $1,167
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,101 - $1,137
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
Transit Friendly
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403 Riverfront N Dr, Unit A
$1,145
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,145

Total Monthly Price
$1,145
2 Bedroom Apartment Available Now

403 Riverfront N Dr, Unit A

403 Riverfront N DrMankato, MN 56001
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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1325 Fair Street
$1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200
2 Bedroom Apartment Available Now

1325 Fair Street

1325 Fair StreetMankato, MN 56001
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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39

Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
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  • Utilities Included
  • 3D Tour

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.

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404 S 4th St
Studio to 2 Bedroom Apartments

404 S 4th St

404 S 4th StMankato, MN 56001
  • Utilities Included
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River Bluff Suites
Studio to 2 Bedroom Apartments

River Bluff Suites

123 N 4th StMankato, MN 56001
  • Utilities Included
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Wesley Place
1 to 3 Bedroom Apartments

Wesley Place

319 E Washington StMankato, MN 56001
  • Utilities Included
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
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107 S 5th St
Studio to 2 Bedroom Apartments

107 S 5th St

107 S 5th StMankato, MN 56001
property at 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Aug 11

815 N 4th St

MankatoMN56001
property at 730 N Broad St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Condo for Rent

Available Sep 10

730 N Broad St

MankatoMN56001
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Village Court Apartments
Rent Specials
$928 - $1,178
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$928 - $1,178

Total Monthly Price
$928 - $1,178
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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  • Utilities Included

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.

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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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Washington Park, Mankato, MN Local Guide

Cheapest Available Washington Park Apartments for Rent

 

The cheapest available apartment rental in the Washington Park area of Mankato, MN is a 1 Bed unit found at 442 Belgrade Ave priced from $835. Village Place Apartments of Mankato has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Washington Park apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
442 Belgrade AveOne Bedroom1BR,1BA$835
Village Place Apartments of MankatoOne Bedroom1BR,1BA$875
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
Cherry Ridge ApartmentsTax Credit2BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Huntington Hills Apartments & Townhomes1BR Apartment1BR,1BA$1,000
Commerce ApartmentsTwo Bedroom2BR,1BA$1,000
Wesley PlaceWesley Place - 82BR,1BA$1,025

Best Value Apartments for Rent in Washington Park, MN

As of July 07, 2026 the best value apartment in the Washington Park area is the $1.13 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value Washington Park apartment is the 120 Locust St Model at 120 Locust St starting at $1,150 with a $0.88 price per square foot in the University neighborhood. Here is today’s list of the best values for Washington Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run TownhomesFox Run Townhomes2BR,2.5BA$1.13
120 Locust St120 Locust St3BR,1BA$0.88
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.24
909 S Front St, Unit 3909 S Front St3BR,1BA$0.83
Pfau Reed Apartments2 Beds, 1 bath2BR,1BA$1.02
Cherry Ridge ApartmentsTax Credit2BR,1BA$0.94
442 Belgrade AveTwo Bedroom2BR,1BA$1.12
Wesley PlaceWesley Place - 82BR,1BA$1.17
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Village Place Apartments of MankatoOne Bedroom1BR,1BA$1.23

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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Quick Rent Budget Calculator

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 Lifestyle
Washington Park, Mankato, MN

Ranked #2

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 Cheap Washington Park Apartments

What is the price of a cheap apartment in Washington Park?

The cheapest apartment in Washington Park is 442 Belgrade Ave which is listed at $835, while the average apartment in Washington Park costs $2,350.

What types of apartments are the cheapest in Washington Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Washington Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Washington Park?

Cheap apartments in Washington Park have an average cost of $361 which is $1,989 cheaper than the average rent for all rentals in Washington Park.

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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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.

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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.

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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.