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Cheap Apartments for Rent in Mankato, MN from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Mankato.
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from $7401 Bedroom Apartment Available Now
315 Washington Ct, Unit 315.5
315 Washington CtMankato, MN 56001
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from $7751 to 5 Bedroom Apartments Available Now
Highland Hills Apartments
1340 Warren StMankato, MN 56001
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from $8251 to 2 Bedroom Apartments Available Now
Glenwood Terrace
107-115 Parkway AveMankato, MN 56001
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from $8731 to 5 Bedroom Apartments Contact Us For Availability
College Station
1341 Pohl RdMankato, MN 56001
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from $8901 Bedroom Apartment Available Aug 1
305 1/2 Elm St, Unit 305.5
305 1/2 Elm StMankato, MN 56001
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from $9251 to 3 Bedroom Apartments Available Now
The Grove at Mankato
200 Briargate RdMankato, MN 56001
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from $995Studio to 3 Bedroom Apartments Available Now
Woodside Apartments
161-351 E Roosevelt CirMankato, MN 56001
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from $8991 to 2 Bedroom Apartments Available Now
Village Court Apartments
1620 Village CtNorth Mankato, MN 56003
628 Garfield Ave
North MankatoMN56003
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Showing Results 1-29, Page 1 of 1
Mankato, MN Local Guide
Bison cooling off at Minneopa State Park by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent an apartment in Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Mankato Studio Apartments | $1,081 | $950 | $1,299 |
| Cheap Mankato 1 Bedroom Apartments | $1,272 | $725 | $1,775 |
| Cheap Mankato 2 Bedroom Apartments | $1,441 | $916 | $3,725 |
| Cheap Mankato 3 Bedroom Apartments | $1,560 | $1,025 | $2,260 |
| Cheap Mankato 4 Bedroom Apartments | $1,624 | $1,300 | $1,880 |
Browse Top Apartments in Mankato
See all Apartments in MankatoExplore Mankato
Mankato, MN Local Guide
- Mankato Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 03/26/2025Current apartment rentals in the Mankato, MN area range in price from $725 to $3,725 with an overall median price of $2,027. The three Mankato neighborhoods with the lowest median rent pricing are North Industrial Mankato at $895, The Prairie at $725, and City Center Mankato at $775. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Mankato Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North Industrial Mankato | $1,730 | $895 | 6521 |
| The Prairie | $1,800 | $725 | 6674 |
| City Center Mankato | $1,812 | $775 | 7483 |
| Sibley Park | $1,812 | $775 | 7559 |
| West Mankato | $1,812 | $775 | 7531 |
| Lincoln Park | $1,850 | $775 | 7778 |
| Downtown Mankato | $2,220 | $725 | 6725 |
| East Mankato | $2,220 | $725 | 6617 |
| Erlandson Park | $2,220 | $725 | 6800 |
| Five Corners | $2,220 | $740 | 6518 |
Cheapest Available Mankato Apartments for Rent
The cheapest available apartment rental in Mankato, MN is a 1 Bed unit found at Highland Hills Apartments in the University neighborhood priced from $775. Glenwood Terrace in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Mankato apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Hills Apartments | Elm Tree Court | 1BR,1BA | $775 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $825 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $899 |
| Hoover Estates | 2/1 | 2BR,1BA | $975 |
| Woodside Apartments | Studio | Studio,1BA | $995 |
Best Value Apartments for Rent in Mankato, MN
As of March 26, 2025 the best value apartment in the Mankato area is the $0.96 price per square foot 1023 N Riverfront Dr Model at 1023 N Riverfront Dr, Unit 3 in the in the Washington Park neighborhood starting from $1,800. The second greatest value Mankato apartment is the 1x1 Model at 2209 White Oak Dr starting at $1,875 with a $1.11 price per square foot . Here is today’s list of the best values for Mankato apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1023 N Riverfront Dr, Unit 3 | 1023 N Riverfront Dr | 4BR,2BA | $0.96 |
| 2209 White Oak Dr | 1x1 | 3BR,2.5BA | $1.11 |
| 1755 Colette Dr, Unit 3 | 1755 Colette Dr | 3BR,2BA | $1.19 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.19 |
| Dublin Heights | Two Bedroom | 2BR,1BA | $1.22 |
| 930 N 5th St, Unit 2 | 930 N 5th St | 2BR,1BA | $1.05 |
| 200 E Elm St, Unit 3 | 200 E Elm St | 1BR,1BA | $0.81 |
| 1740 Lee Blvd, Unit 3 | 1740 Lee Blvd | 2BR,1BA | $1.14 |
| Hoover Estates | 2/1 | 2BR,1BA | $1.12 |
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Best Local Schools in Mankato, MN
Prairie Winds Middle School
Mankato Public School District
Public School - Grades 6-8 (954)
4 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mankato, MN Rentals by Map
See the most popular apartments and homes in Mankato, MN
Mankato, MN Apartments MapMankato, MN Rental Homes MapGetting Around Mankato, MN
Walk Score®
46 / 100
Car-Dependent
Most errands require a car
Bike Score®
57 / 100
Bikeable
Some bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Mankato Apartments
What is a cheap apartment in Mankato?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mankato is under $995.
What is the price of a cheap apartment in Mankato?
The cheapest apartment in Mankato is Highland Hills Apartments which is listed at $775, while the average apartment in Mankato costs $2,027.
What types of apartments are the cheapest in Mankato?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8,956 regular apartments in Mankato that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Mankato?
Cheap apartments in Mankato have an average cost of $994 which is $1,033 cheaper than the average rent for all rentals in Mankato.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.