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$720 - $1,880Studio to 5 Bedroom Apartments Available Now
Highland Hills Apartments
1340 Warren StMankato, MN 56001
Cheap Apartments for Rent in the University Neighborhood of Mankato, MN from $500 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Mankato.
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$900 - $9501 to 2 Bedroom Apartments Available Now
Valley View Apartments
450-470 James AveMankato, MN 56001
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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 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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University, 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 University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Studio Apartments | $720 | $720 | $720 |
| University 1 Bedroom Apartments | $1,095 | $900 | $2,095 |
| University 2 Bedroom Apartments | $1,257 | $950 | $1,700 |
| University 3 Bedroom Apartments | $1,479 | $1,200 | $2,095 |
| University 4 Bedroom Apartments | $1,661 | $1,500 | $1,880 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the University Neighborhood of Mankato, MN.
See all Apartments in MankatoExplore Mankato
University, Mankato, MN Local Guide
- Nearby Mankato neighborhoods
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Cheapest Available University Apartments for Rent
The cheapest available apartment rental in the University area of Mankato, MN is a Studio unit found at Highland Hills Apartments priced from $720. Valley View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable University apartments for rent in Mankato, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Hills Apartments | Studio | Studio,1BA | $720 |
| Valley View Apartments | One Bedroom | 1BR,1BA | $900 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1,045 |
Best Value Apartments for Rent in University, MN
As of July 28, 2025 the best value apartment in the University area is the $0.80 price per square foot 220 State St Model at 220 State St, Unit #2 2nd Floor in the in the University neighborhood starting from $1,200. The second greatest value University apartment is the 2 Bedroom 1 Bath Model at Tartan Glen starting at $1,550 with a $1.22 price per square foot in the University neighborhood. Here is today’s list of the best values for University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 220 State St, Unit #2 2nd Floor | 220 State St | 3BR,1BA | $0.80 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.26 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.27 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.35 |
| Gray Hawk Apartments | Large Two Bedroom | 2BR,1BA | $1.21 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Bunting Lane Apartments | Three Bed | 3BR,1.5BA | $0.63 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.27 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleUniversity, Mankato, MN
Ranked #9
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
Our team of engineers and researchers works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Mankato. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, places to raise kids, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.
Getting Around the University Neighborhood in Mankato, MN
Walk Score®
43 / 100
Car-Dependent
Most errands require a car
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
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 University Apartments
What is the price of a cheap apartment in University?
The cheapest apartment in University is Valley View Apartments which is listed at $900, while the average apartment in University costs $1,920.
What types of apartments are the cheapest in University?
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 11 regular apartments in University 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 University?
Cheap apartments in University have an average cost of $1,047 which is $873 cheaper than the average rent for all rentals in University.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.