Cheap Apartments for Rent in North Mankato, MN from $400 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in North Mankato.

property at 630 Lyndale St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

2 Bedroom, 1 Bath Home for Rent

Available Sep 1

630 Lyndale St

North MankatoMN56003
property at 409 Sherman St

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

409 Sherman St, Unit 409 Sherman

409 Sherman St
North MankatoMN56003
property at 323 Warren St

$750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

323 Warren St, Unit 3

323 Warren St
MankatoMN56001

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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315 E Walnut St, Unit #2
$800
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800
1 Bedroom Apartment Available Sep 1

315 E Walnut St, Unit #2

315 E Walnut StMankato, MN 56001
Cost Per Sq.Ft.
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property at 222 1/2 W 6th St

$850

1 Bedroom, 1 Bath Rentals

Available Now

222 1/2 W 6th St.

222 1/2 W 6th St
MankatoMN56001
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Highland Hills Apartments
$855 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$855 - $1,980

Total Monthly Price
$855 - $1,980
1 to 5 Bedroom Apartments Available Aug 1

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30

Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Aug 14

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 525 S Broad St

$985

Total Monthly Price

Total Monthly Price

Base Rent
$985

Total Monthly Price
$985

2 Bedroom, 1 Bath Home for Rent

Available Sep 1

525 S Broad St

MankatoMN56001
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930 N 5th St, Unit 2
$1,000
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000
2 Bedroom Apartment Available Sep 1

930 N 5th St, Unit 2

930 N 5th StMankato, MN 56001
Cost Per Sq.Ft.
  • Smoke Free
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included

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.

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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
property at 119 Glenview Ave

$600

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

119 Glenview Ave

MankatoMN56001
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Parkway
1 to 2 Bedroom Apartments

Parkway

101-103 Parkway AveMankato, MN 56001
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River Bluff Suites
Studio to 2 Bedroom Apartments

River Bluff Suites

123 N 4th StMankato, MN 56001
  • Utilities Included
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Sinclair Flats
1 to 3 Bedroom Apartments

Sinclair Flats

210 Dewey LnMankato, MN 56001
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The Preserve Apartments
1 to 3 Bedroom Apartments

The Preserve Apartments

240 Jaycee CtMankato, MN 56001
Student Housing
  • Utilities Included

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.

property at 213 13th St SW

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

213 13th St SW

OwatonnaMN55060
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Knollcrest
2 Bedroom Apartments

Knollcrest

120-122 Knollcrest DrMankato, MN 56001
  • Utilities Included

North Mankato, MN Local Guide

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 North Mankato neighborhood priced from $835. Cherry Ridge Apartments in the University neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here is today’s list of the most affordable North Mankato apartments for rent:

Apartment ListingModel NameBed/BathPriced From
442 Belgrade AveOne Bedroom1BR,1BA$835
Cherry Ridge ApartmentsTax Credit2BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
Huntington Hills Apartments & Townhomes1BR Apartment1BR,1BA$1,000
Commerce ApartmentsTwo Bedroom2BR,1BA$1,000
Southwood Flats1 Bed, 1 Bath (Phase 1)1BR,1BA$1,004
Wesley PlaceWesley Place - 82BR,1BA$1,025
Sinclair Flats2 Bedroom2BR,1BA$1,025
Hoover Estates2/12BR,1BA$1,065

Best Value Apartments for Rent in North Mankato, MN

As of July 31, 2026 the best value apartment in the North Mankato area is the $1.02 price per square foot 2 Beds, 1 bath Model at Pfau Reed Apartments in the in the University neighborhood starting from $1,120. The second greatest value North Mankato apartment is the Three Bedroom Two Bath Model at Riverfront Court starting at $1,450 with a $1.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pfau Reed Apartments2 Beds, 1 bath2BR,1BA$1.02
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
Sinclair Flats2 Bedroom2BR,1BA$1.09
Key City Group, LLC (BT)2BR/1.0BA2BR,1BA$1.23
Wesley PlaceWesley Place - 82BR,1BA$1.17
Village Court Apartments2 Bed, 1 Bath (renovated)2BR,1BA$1.33
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
429 State St, Unit 203429 State St2BR,1BA$1.38
Commerce ApartmentsTwo Bedroom2BR,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.

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 442 Belgrade Ave.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.