Cheap Homes for Rent in Mankato, MN from $800 (28 Rentals)

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Mankato, MN Local Guide

Cheapest Neighborhoods for Apartments in Mankato, MN

Pricing Updated: 03/23/2025

Current apartment rentals in the Mankato, MN area range in price from $725 to $2,600 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:

NeighborhoodMedian PriceMin PriceAvailable Units
North Industrial Mankato$1,730$8956760
The Prairie$1,800$7256913
City Center Mankato$1,812$7757722
Sibley Park$1,812$7757722
West Mankato$1,812$7757694
Lincoln Park$1,850$7757935
Downtown Mankato$2,220$7256882
East Mankato$2,220$7257067
Erlandson Park$2,220$7256957
Five Corners$2,220$7406675

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 ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
Glenwood Terrace1 BR/1 BA1BR,1BA$825
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$924
Hoover Estates2/12BR,1BA$975
Woodside ApartmentsStudioStudio,1BA$995

Best Value Apartments for Rent in Mankato, MN

As of March 23, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1023 N Riverfront Dr, Unit 31023 N Riverfront Dr4BR,2BA$0.96
2209 White Oak Dr1x13BR,2.5BA$1.11
1755 Colette Dr, Unit 31755 Colette Dr3BR,2BA$1.19
2108 Arlington Trl, Unit 42108 Arlington Trl2BR,1BA$1.16
101 Eagle Path, Unit 1101 Eagle Path2BR,1BA$1.16
Cardinal Creek ApartmentsTwo Bedroom2BR,2BA$1.19
930 N 5th St, Unit 2930 N 5th St2BR,1BA$1.05
200 E Elm St, Unit 3200 E Elm St1BR,1BA$0.81
1740 Lee Blvd, Unit 31740 Lee Blvd2BR,1BA$1.14
Hoover Estates2/12BR,1BA$1.12

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Frequently Asked Questions about Mankato

What type of rentals are currently available in Mankato?

There are currently 152 Apartments for Rent in Mankato, MN with pricing that ranges from $725 to $3,725. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $1,195 to $2,950.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mankato ranges from $1,195 to $2,950 with an average monthly rent of $1,669.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mankato range from $1,025 to $2,260, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,545 and Four Bedroom Apartments start at $1,300.

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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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.