
Cheap Apartments for Rent in the Washington Park Neighborhood of Mankato, MN from $500 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Washington Park area of Mankato.


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Highland Hills Apartments

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609 S Broad St, Unit 4

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315 E Walnut St, Unit #2

Village Place Apartments of Mankato

Glenwood Terrace

Valley View Apartments

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112 Grove St, Unit 3

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The Grove at Mankato
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.

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141 E Welcome Ave, Unit M Hanson Prop.

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909 S Front St, Unit 3

Cherry Ridge Apartments

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612 N 4th St, Unit 4

Huntington Hills Apartments & Townhomes

120 S 4th St

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500 Belle Ave, Unit 1

Gray Hawk Apartments

Southwood Flats
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.

Cherry Square

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The Edge Apartments

325 E Plum St

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501 N 5th St, Unit Upper Level 1/2

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Augusta Park Estates

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Pfau Reed Apartments

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River Bluff Apartments

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The Alma

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403 Riverfront N Dr, Unit A
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.

Skyway Properties LLC

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120 Locust St

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516 N Broad St, Unit 2

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1325 Fair Street

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Legacy Park Estates

Dublin Road Townhomes

Village Place Flats

Ohana Apartments

Cedar Meadow Apartments
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.

404 S 4th St

River Bluff Suites

Wesley Place

325 E Washington St

107 S 5th St

815 N 4th St

730 N Broad St

442 Belgrade Ave

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Village Court Apartments
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.

Commerce Apartments

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Hoover Estates

The Forde
Washington Park, Mankato, MN Local Guide

How much does it cost to rent an apartment in Washington Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Washington Park Studio Apartments | $1,071 | $750 | $1,315 |
| Washington Park 1 Bedroom Apartments | $1,208 | $750 | $1,850 |
| Washington Park 2 Bedroom Apartments | $1,341 | $900 | $2,150 |
| Washington Park 3 Bedroom Apartments | $1,563 | $990 | $2,415 |
| Washington Park 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Washington Park Neighborhood of Mankato, MN.
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Washington Park, Mankato, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $875 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Wesley Place | Wesley Place - 8 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| 120 Locust St | 120 Locust St | 3BR,1BA | $0.88 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.24 |
| 909 S Front St, Unit 3 | 909 S Front St | 3BR,1BA | $0.83 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.02 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $0.94 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.12 |
| Wesley Place | Wesley Place - 8 | 2BR,1BA | $1.17 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleWashington Park, Mankato, MN
Ranked #2
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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

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.

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.

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.

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.