
Cheap Apartments for Rent in North Mankato, MN from $500 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in North Mankato.


Village Court Apartments

1711 Northway Dr

Commerce Apartments

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Hoover Estates

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1916 Haughton Ave, Unit 4

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1740 Lee Blvd, Unit 3

The Forde

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2108 Arlington Trl, Unit 4

Haughton Estates
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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Highland Hills Apartments

Glenwood Terrace

222 1/2 W 6th St.

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105 E Welcome Ave, Unit 2

Valley View Apartments

329 N Riverfront Dr

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505 S 4th St, Unit 2

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403 Riverfront N Dr

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909 S Front St, Unit 3

Cherry Ridge Apartments
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.

120 S 4th St

224 Carroll St

Gray Hawk Apartments

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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429 State St, Unit 203

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River Bluff Apartments

Skyway Properties LLC
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.

Southwood Flats

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Pfau Reed Apartments

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The Alma

121 Ahlstrom Rd, Unit #2

Huntington Hills Apartments & Townhomes

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500 Belle Ave, Unit 1

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120 Locust St

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101 S Broad St, Unit 1

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1325 Fair Street, Unit #4

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313 E Rock St, Unit 2
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.

622 S 4th St, Unit 2

210 E Elm St, Unit 210

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516 N Broad St, Unit 2

Riverfront Court

Lewis Lofts

404 S 4th St

Parkway

River Bluff Suites

Sinclair Flats

The Preserve Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,349 | $855 | $2,120 |
| Cheap North Mankato 2 Bedroom Apartments | $1,509 | $925 | $2,370 |
| Cheap North Mankato 3 Bedroom Apartments | $1,942 | $990 | $2,794 |
| Cheap North Mankato 4 Bedroom Apartments | $1,980 | $1,780 | $2,080 |
Browse Top Apartments in North Mankato
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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 1 Bed unit found at 442 Belgrade Ave in the City Center Mankato neighborhood priced from $835. 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 |
|---|---|---|---|
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| 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 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| Hoover Estates | 2/1 | 2BR,1BA | $1,065 |
| The Edge Apartments | One Bedroom | 1BR,1BA | $1,080 |
| River Bluff Apartments | Two Bedroom | 2BR,1BA | $1,100 |
Best Value Apartments for Rent in North Mankato, MN
As of June 16, 2026 the best value apartment in the North Mankato area is the $1.04 price per square foot 508 S 4th St Model at 508 S 4th St, Unit #1 in the in the University neighborhood starting from $2,600. The second greatest value North Mankato apartment is the 313 E Rock St Model at 313 E Rock St, Unit 2 starting at $1,250 with a $1.04 price per square foot in the City Center Mankato 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. |
|---|---|---|---|
| 508 S 4th St, Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| 313 E Rock St, Unit 2 | 313 E Rock St | 2BR,1BA | $1.04 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $1.34 |
| 500 Belle Ave, Unit 1 | 500 Belle Ave | 2BR,1BA | $1.38 |
| Huntington Hills Apartments & Townhomes | 2 Bedroom Apartment | 2BR,1BA | $1.37 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| Commerce Apartments | Two Bedroom | 2BR,1BA | $1.36 |
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.
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 $835 at 442 Belgrade Ave.
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 $995 at Cherry Ridge Apartments.
What is the most affordable North Mankato Three Bedroom Apartment?
The best deal on a cheap North Mankato Three Bedroom Apartment rental is at Riverfront Court and starts from $1,450.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.