Cheap Homes for Rent in North Mankato, MN from $1,000 (7 Rentals)

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

property at 325 E Washington St

$1,025 - $1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom Rentals

Available Now

325 E Washington St

MankatoMN56001
property at 414 Nicollet Ave

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Mar 15

414 Nicollet Ave, Unit 1

414 Nicollet Ave
North MankatoMN56003

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.

property at 114 Lynn Ln

$1,169

Total Monthly Price

Total Monthly Price

Base Rent
$1,169

Total Monthly Price
$1,169

1 Bedroom, 1 Bath Home for Rent

Available Now

114 Lynn Ln

MankatoMN56001
property at 121 Lynn Ln

$1,239

Total Monthly Price

Total Monthly Price

Base Rent
$1,239

Total Monthly Price
$1,239

2 Bedroom, 1 Bath Home for Rent

Available Now

121 Lynn Ln

MankatoMN56001
property at 1715 Northway Dr

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1715 Northway Dr

North MankatoMN56003

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.

property at 418 Allan Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Now

418 Allan Ave

North MankatoMN56003

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 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 ListingModel NameBed/BathPriced From
Lewis Lofts1a1t1BR,1BA$784
Glenwood Terrace1 BR/1 BA1BR,1BA$880
Cherry Square1 Bedroom1BR,1BA$995

Best Value Apartments for Rent in North Mankato, MN

As of February 22, 2026 the best value apartment in the North Mankato area is the $1.16 price per square foot Three Bedroom One Half Bathroom Model at Sibley Village Townhomes in the in the University neighborhood starting from $1,795. The second greatest value North Mankato apartment is the 802 Le Hillier St Model at 802 Le Hillier St, Unit 1 starting at $1,500 with a $1.00 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sibley Village TownhomesThree Bedroom One Half Bathroom3BR,1.5BA$1.16
802 Le Hillier St, Unit 1802 Le Hillier St4BR,2BA$1.00
1104 N 5th St, Unit 3 Bed1104 N 5th St3BR,1BA$1.08
Sinclair Flats3 Bedroom3BR,2BA$1.21
225 Belgrade Ave, Unit B225 Belgrade Ave2BR,1BA$1.09
2108 Arlington Trl, Unit 42108 Arlington Trl2BR,1BA$1.16
Pfau Reed Apartments2 Beds, 1 bath2BR,1BA$1.00
119 S 6th St, Unit 1119 S 6th St2BR,1BA$1.20
612 N 4th St612 N 4th St2BR,1BA$1.21
Lewis Lofts1a1t1BR,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.

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

Explore North Mankato, MN Rentals by Map

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Frequently Asked Questions about North Mankato

What type of rentals are currently available in North Mankato?

There are currently 109 Apartments for Rent in North Mankato, MN with pricing that ranges from $370 to $2,830. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Mankato ranging from $1,050 to $3,500.

What is the current price range for Rental Homes in North Mankato?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Mankato ranges from $1,050 to $3,500 with an average monthly rent of $1,966.

How much are larger Three and Four Bedroom Rentals in North Mankato?

For those who are looking for larger living arrangements, Three Bedroom Apartments in North Mankato range from $450 to $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,540 and Four Bedroom Apartments start at $445.

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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.