Cheap Apartments for Rent in North Mankato, MN from $500 (74 Rentals)

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

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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
  • Verified
  • Utilities Included
  • Low Income
property at 418 Allan Ave

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

418 Allan Ave

North MankatoMN56003
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Haughton Estates
2 Bedroom Apartments

Haughton Estates

1915 Haughton AveNorth Mankato, MN 56003
property at 2085 Carlson Dr

$1,395 - $1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 To 2 Bedroom Rentals

Available Aug 1

2085 Carlson Dr

North MankatoMN56003

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 242 Belgrade Ave

$1,395 - $1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 To 2 Bedroom Rentals

Available Oct 1

242 Belgrade Ave

North MankatoMN56003
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107 E Liberty St, Unit 2, Unit 2
$895
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895
1 Bedroom Apartment Available Jul 1

107 E Liberty St, Unit 2, Unit 2

107 E Liberty StMankato, MN 56001
Affordability
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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.

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500 Belle Ave
$1,025 - $1,175
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,025 - $1,175

Total Monthly Price
$1,025 - $1,175
1 to 2 Bedroom Apartment Available Now

500 Belle Ave

500 Belle AveMankato, MN 56001
Affordability
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River Bluff Apartments
$1,030 - $1,580
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,550
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Edge Apartments
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 5

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
  • Verified
  • Customer Reviewed
  • Utilities Included

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
$1,131
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,101
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
Transit Friendly
  • Verified
  • Low Income
  • 3D Tour
property at 204 N 5th St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Jun 10

204 N 5th St

MankatoMN56001
property at 142 Bunting Ln

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom Rentals

Available Aug 1

142 Bunting Ln

MankatoMN56001
property at 109 Florence St

$1,250

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

109 Florence St

MankatoMN56001

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
$1,350 - $1,400
Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,350 - $1,400

Total Monthly Price
$1,350 - $1,400
3 Bedroom Apartment Available Now

220 State St

220 State StMankato, MN 56001
Cost Per Sq.Ft.
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Silos Apartments
$1,374 - $1,654
Total Monthly Price

Total Monthly Price

Base Rent
$1,319 - $1,599
Required Monthly Fees
$55

Total Monthly Price
$1,374 - $1,654
1 Bedroom Apartments Available Jul 1

Silos Apartments

302 N 2nd StMankato, MN 56001
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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Axis Lofts
$1,420 - $2,070
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,995
Required Monthly Fees
$75

Total Monthly Price
$1,420 - $2,070
1 to 2 Bedroom Apartments Available Now

Axis Lofts

1247 Range StMankato, MN 56001
Furnished
  • Verified
  • Utilities Included
  • 3D Tour
property at 725 N 6th St

$1,495

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

725 N 6th St

MankatoMN56001
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included
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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 633 S 2nd St

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Now

633 S 2nd St

MankatoMN56001

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

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 ListingModel NameBed/BathPriced From
Sinclair Flats2 Bedroom2BR,1BA$839
Lewis Lofts1a1t1BR,1BA$855
Glenwood Terrace1 BR/1 BA1BR,1BA$880
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
Cherry Square1 Bedroom1BR,1BA$995
Valley View ApartmentsTwo Bedroom2BR,1BA$1,000
River Bluff ApartmentsOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
220 State St220 State St3BR,1BA$1.00
Sibley Village TownhomesTwo Bedroom One Half Bathroom2BR,1.5BA$1.16
313 E Rock St, Unit 2313 E Rock St2BR,1BA$1.09
2108 Arlington Trl, Unit 42108 Arlington Trl2BR,1BA$1.16
320 E Hickory St, Unit 1320 E Hickory St3BR,1BA$1.20
Sinclair Flats2 Bedroom2BR,1BA$0.89
305 1/2 Elm St, Unit 305.5305 1/2 Elm St1BR,1BA$1.02
Rita Road2 Bed 1 Bath2BR,1BA$1.29
612 N 4th St612 N 4th St2BR,1BA$1.28
442 Belgrade AveOne Bedroom1BR,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.

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10 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.

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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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The 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.

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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.

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Quick 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.

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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 $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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.