
Cheap Apartments for Rent in North Mankato, MN from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in North Mankato.


Village Court Apartments

Total Monthly Price
329 Belgrade Ave, Unit 1

Hoover Estates

414 Nicollet Ave, Unit 1

442 Belgrade Ave

Highland Hills Apartments

Lewis Lofts
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.

Total Monthly Price
326 E Vine St

318 E Walnut St

Glenwood Terrace

Valley View Apartments

Total Monthly Price
612 N 4th St

Total Monthly Price
505 S 4th St, Unit 2

Total Monthly Price
113 E Spring St, Unit 1

Total Monthly Price
157 E Welcome Ave, Unit 1
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.

Total Monthly Price
111 E Cherry St, Unit 121

Cherry Square

River Bluff Apartments

Gray Hawk Apartments

Total Monthly Price
608 N 4th St, Unit 1

Skyway Property Holdings, LLC - (Studio 5)

Total Monthly Price
429 State St, Unit 203

Rita Road
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.

Southwood Flats

Riverfront Court

Total Monthly Price
The Alma

Huntington Hills Apartments & Townhomes

Total Monthly Price
500 Belle Ave, Unit 1

Total Monthly Price
119 S 6th St, Unit 1

149 James Ave

Total Monthly Price
1325 Fair Street, Unit #4
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.

404 S 4th St

Parkway

River Bluff Suites

Sinclair Flats

The Preserve Apartments

Knollcrest

325 E Washington St

Cherry Ridge Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

107 S 5th St

Echo Rivers

Pfau Reed Apartments

Maverick Heights
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 | $1,334 | $784 | $2,150 |
| Cheap North Mankato 2 Bedroom Apartments | $1,536 | $925 | $2,396 |
| Cheap North Mankato 3 Bedroom Apartments | $2,215 | $1,350 | $2,830 |
| Cheap North Mankato 4 Bedroom Apartments | $1,926 | $1,500 | $2,400 |
Browse Top Apartments in North Mankato
See all Apartments in North MankatoExplore North Mankato
North Mankato, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available North Mankato Apartments for Rent
 The cheapest available apartment rental in North Mankato, MN is a 1 Bed unit found at Lewis Lofts in the University neighborhood priced from $784. Glenwood Terrace in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here is today’s list of the most affordable North Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lewis Lofts | 1a1t | 1BR,1BA | $784 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Valley View Apartments | Two Bedroom | 2BR,1BA | $1,000 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,011 |
| Sinclair Flats | 2 Bedroom | 2BR,1BA | $1,025 |
| Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $1,028 |
Best Value Apartments for Rent in North Mankato, MN
As of March 14, 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 229 Center St Model at 229 Center St, Unit 1 starting at $1,595 with a $1.04 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. |
|---|---|---|---|
| 508 S 4th St, Unit #1 | 508 S 4th St | 5BR,2BA | $1.04 |
| 229 Center St, Unit 1 | 229 Center St | 3BR,1BA | $1.04 |
| 802 Le Hillier St, Unit 1 | 802 Le Hillier St | 4BR,2BA | $1.00 |
| 225 Belgrade Ave, Unit B | 225 Belgrade Ave | 2BR,1BA | $1.09 |
| 711 Grant Ave | 711 Grant Ave | 2BR,1BA | $1.07 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| 119 S 6th St, Unit 1 | 119 S 6th St | 2BR,1BA | $1.20 |
| 113 E Spring St, Unit 1 | 113 E Spring St | 2BR,1BA | $0.93 |
| 326 E Vine St | 326 E Vine St | 1BR,1BA | $1.00 |
| Lewis Lofts | 1a1t | 1BR,1BA | $1.27 |
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 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 $784 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 $1,000 at Valley View 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.