620 N Broad St
MankatoMN56001
Cheap Homes for Rent in Mankato, MN from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Mankato.
921 N Riverfront Dr, Unit 2
921 N Riverfront Dr
MankatoMN56001
121 Laurinda Ln
MankatoMN56001
122 Lynn Ln
MankatoMN56001
144 Lynn Ln
MankatoMN56001
114 Terri Ln
MankatoMN56001
112 Terri Ln
MankatoMN56001
102 Terri Ln
MankatoMN56001
123 Lynn Ln
MankatoMN56001
122 Terri Ln
MankatoMN56001
136 Lynn Ln
MankatoMN56001
513 W 11th St
MankatoMN56001
513 W 11th St
MankatoMN56001
121 Jaybee Ln
MankatoMN56001
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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 a home in Mankato?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mankato 2 Bedroom Homes for Rent | $1,354 | $600 | $1,750 |
| Mankato 3 Bedroom Homes for Rent | $1,654 | $1,250 | $2,700 |
| Mankato 4 Bedroom Homes for Rent | $1,869 | $1,590 | $2,396 |
| Mankato 5 Bedroom Homes for Rent | $2,646 | $2,495 | $2,950 |
Browse Top Homes for Rent in Mankato
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Mankato, MN Local Guide
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Cheapest Neighborhoods for Apartments in Mankato, MN
Pricing Updated: 04/05/2025Current apartment rentals in the Mankato, MN area range in price from $600 to $2,950 with an overall median price of $1,817. The three Mankato neighborhoods with the lowest median rent pricing are Sibley Park at $1,295, Downtown Mankato at $1,450, and Five Corners at $1,590. 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 |
|---|---|---|---|
| Sibley Park | $1,525 | $1,295 | 2 |
| Downtown Mankato | $1,590 | $1,450 | 2 |
| Five Corners | $1,590 | $1,590 | 2 |
| Erlandson Park | $1,600 | $600 | 4 |
| Washington Park | $1,600 | $600 | 3 |
| West Mankato | $1,600 | $1,295 | 5 |
| Riverfront Park | $1,745 | $600 | 1 |
| Lincoln Park | $1,750 | $1,590 | 2 |
| The Prairie | $1,872 | $600 | 3 |
| City Center Mankato | $1,950 | $1,750 | 1 |
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 April 05, 2025 the best value apartment in the Mankato area is the $1.11 price per square foot 1x1 Model at 2209 White Oak Dr in the starting from $1,875. The second greatest value Mankato apartment is the 1755 Colette Dr Model at 1755 Colette Dr, Unit 3 starting at $1,550 with a $1.19 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. |
|---|---|---|---|
| 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 |
| 527 N Broad, Unit 527 Broad st | 527 N Broad | 2BR,1BA | $1.09 |
| 2108 Arlington Trl, Unit 4 | 2108 Arlington Trl | 2BR,1BA | $1.16 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.26 |
| Dublin Heights | Two Bedroom | 2BR,1BA | $1.22 |
| 930 N 5th St, Unit 2 | 930 N 5th St | 2BR,1BA | $1.05 |
| Hoover Estates | 2/1 | 2BR,1BA | $1.12 |
| 315 Washington Ct, Unit 315.5 | 315 Washington Ct | 1BR,1BA | $1.23 |
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Frequently Asked Questions about Mankato
What type of rentals are currently available in Mankato?
There are currently 154 Apartments for Rent in Mankato, MN with pricing that ranges from $740 to $3,725. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mankato ranging from $600 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 $600 to $2,950 with an average monthly rent of $1,719.
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 $1,590 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.
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.