Cheap Apartments for Rent in the Washington Park Neighborhood of Mankato, MN from $500 (8 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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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
1 Bedroom Apartments

River Bluff Suites

123 N 4th StMankato, MN 56001
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 Highland Hills Apartments priced from $775. River Bluff Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,070. Here are the most affordable Washington Park apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
River Bluff ApartmentsTwo Bedroom2BR,1BA$1,070
Riverfront CourtTwo Bedroom/ One Bathroom w Balcony2BR,1BA$1,120

Best Value Apartments for Rent in Washington Park, MN

As of June 10, 2025 the best value apartment in the Washington Park area is the $1.32 price per square foot 2BR/2.0BA Model at Bridge Plaza Apartments in the in the University neighborhood starting from $2,700. The second greatest value Washington Park apartment is the 2BR/2.0BA Model at M² Lofts starting at $1,700 with a $1.57 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.
Bridge Plaza Apartments2BR/2.0BA2BR,2BA$1.32
M² Lofts2BR/2.0BA2BR,2BA$1.57
College Station4 Bedroom 2 bath4BR,2BA$1.59
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
612 N 4th St, Unit 1612 N 4th St2BR,1BA$1.22
River Bluff ApartmentsTwo Bedroom2BR,1BA$1.38
Axis Lofts1 Bedroom1BR,1BA$1.64
Highland Hills ApartmentsElm Tree Court1BR,1BA$1.79

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Pet Friendly Lifestyle
Washington Park, Mankato, MN

Ranked #7

Among neighborhoods in Mankato, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Washington Park Neighborhood in Mankato, MN

Walk Score®

81 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

58 / 100

Bikeable

Some bike infrastructure

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 Highland Hills Apartments which is listed at $775, while the average apartment in Washington Park costs $1,850.

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 7 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 $1,416 which is $434 cheaper than the average rent for all rentals in Washington Park.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.