
Cheap Apartments for Rent in North Mankato, MN from $500 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in North Mankato.


Commerce Apartments

Village Court Apartments

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Hoover Estates

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1701 Pleasant View Dr, Unit 4, Unit 4

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2108 Arlington Trl, Unit 4, Unit 4

The Forde

418 Allan Ave

Haughton Estates

2085 Carlson Dr
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.

242 Belgrade Ave

Highland Hills Apartments

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1104 N 5th St, Unit 1 Bed, Unit 1 Bed

Glenwood Terrace

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107 E Liberty St, Unit 2, Unit 2

Valley View Apartments

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305 1/2 Elm St, Unit 305.5, Unit 305.5

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717 N 2nd St, Unit 4, Unit 4

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141 E Welcome Ave, Unit M Hanson Prop., Unit M Hanson Prop.

Cherry Square
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.

Huntington Hills Apartments & Townhomes

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612 N 4th St

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500 Belle Ave

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River Bluff Apartments

Gray Hawk Apartments

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The Edge Apartments

Cherry Ridge Apartments

Skyway Properties LLC

Rita Road

Southwood Flats
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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The Alma

204 N 5th St

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313 E Rock St, Unit 2, Unit 2

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120 Locust St, Unit 5 Upper, Unit 5 Upper

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1325 Fair Street, Unit Unit #4, Unit Unit #4

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320 E Hickory St, Unit 1, Unit 1

142 Bunting Ln

109 Florence St

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1428 N 4th St, Unit #1, Unit #1

Riverfront Court
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.

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220 State St

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Silos Apartments

Westview Heights

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Axis Lofts

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513 N Riverfront Dr

314 E Cherry St, Unit 3

725 N 6th St

Lewis Lofts

404 S 4th St

633 S 2nd St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
North Mankato, MN Local Guide

How much does it cost to rent an apartment in North Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap North Mankato Studio Apartments | $925 | $750 | $1,100 |
| Cheap North Mankato 1 Bedroom Apartments | $1,328 | $800 | $2,150 |
| Cheap North Mankato 2 Bedroom Apartments | $1,540 | $950 | $2,370 |
| Cheap North Mankato 3 Bedroom Apartments | $2,040 | $1,200 | $2,794 |
| Cheap North Mankato 4 Bedroom Apartments | $2,065 | $1,780 | $2,250 |
Browse Top Apartments in North Mankato
See all Apartments in North MankatoExplore North Mankato
North Mankato, MN Local Guide
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Cheapest Available North Mankato Apartments for Rent
 The cheapest available apartment rental in North Mankato, MN is a 2 Beds unit found at Sinclair Flats in the University neighborhood priced from $839. Lewis Lofts in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here is today’s list of the most affordable North Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $839 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,030 |
Best Value Apartments for Rent in North Mankato, MN
As of May 01, 2026 the best value apartment in the North Mankato area is the $1.00 price per square foot 220 State St Model at 220 State St in the in the University neighborhood starting from $1,400. The second greatest value North Mankato apartment is the Two Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,575 with a $1.16 price per square foot in the University neighborhood. Here is today’s list of the best values for North Mankato apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 220 State St | 220 State St | 3BR,1BA | $1.00 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.09 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| 320 E Hickory St, Unit 1 | 320 E Hickory St | 3BR,1BA | $1.20 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $0.89 |
| 305 1/2 Elm St, Unit 305.5 | 305 1/2 Elm St | 1BR,1BA | $1.02 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
| 612 N 4th St | 612 N 4th St | 2BR,1BA | $1.28 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore North Mankato, MN Rentals by Map
See the most popular apartments and homes in North Mankato, MN
Frequently Asked Questions about Cheap North Mankato Apartments
How much is rent for a Cheap One Bedroom North Mankato Apartment?
The lowest price for a Cheap One Bedroom North Mankato Apartment is $855 at Lewis Lofts.
What is the lowest price for a Cheap Two Bedroom North Mankato Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in North Mankato is starting from $839 at Sinclair Flats.
What is the most affordable North Mankato Three Bedroom Apartment?
The best deal on a cheap North Mankato Three Bedroom Apartment rental is at 442 Belgrade Ave and starts from $1,050.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.