Cheap Apartments for Rent in the University Neighborhood of Mankato, MN from $500 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University area of Mankato.

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404 S 4th St
Studio to 2 Bedroom Apartments

404 S 4th St

404 S 4th StMankato, MN 56001
  • Utilities Inc.
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Parkway
1 to 2 Bedroom Apartments

Parkway

101-103 Parkway AveMankato, MN 56001
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Rosa Place
1 to 3 Bedroom Apartments

Rosa Place

510 Timberwolf DrMankato, MN 56001
Student Housing
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River Bluff Suites
1 Bedroom Apartments

River Bluff Suites

123 N 4th StMankato, MN 56001
  • Utilities Inc.
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The Preserve Apartments
1 to 3 Bedroom Apartments

The Preserve Apartments

240 Jaycee CtMankato, MN 56001
Student Housing
  • Utilities Inc.

University, Mankato, MN Local Guide

Cheapest Available University Apartments for Rent

 

The cheapest available apartment rental in the University area of Mankato, MN is a 1 Bed unit found at Highland Hills Apartments priced from $775. Glenwood Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable University apartments for rent in Mankato, MN:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
Glenwood Terrace1 BR/1 BA1BR,1BA$825
River Bluff ApartmentsTwo Bedroom2BR,1BA$1,070
Riverfront CourtTwo Bedroom/ One Bathroom w Balcony2BR,1BA$1,090
Southwood Flats1 Bed, 1 Bath (remodeled)1BR,1BA$1,124

Best Value Apartments for Rent in University, MN

As of March 03, 2025 the best value apartment in the University area is the $1.20 price per square foot 3 Br, 2.5 Ba w/Office Nook Model at Willow Cascades Townhomes in the in the University neighborhood starting from $1,795. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Willow Cascades Townhomes3 Br, 2.5 Ba w/Office Nook3BR,2.5BA$1.20
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.25
1015 Caledonia St, Unit 10151015 Caledonia St2BR,1.5BA$1.15
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.26
Cardinal Creek ApartmentsTwo Bedroom2BR,2BA$1.19
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
River Bluff ApartmentsTwo Bedroom2BR,1BA$1.38
Glenwood Terrace1 BR/1 BA1BR,1BA$1.29
315 Washington Ct, Unit 315.5315 Washington Ct1BR,1BA$1.30

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
University, Mankato, MN

Ranked #3

Among neighborhoods in Mankato, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

Frequently Asked Questions about Cheap University Apartments

How much is rent for a Cheap One Bedroom University Apartment?

The lowest price for a Cheap One Bedroom University Apartment is $775 at Highland Hills Apartments.

What is the lowest price for a Cheap Two Bedroom University Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University is starting from $920 at Highland Hills Apartments.

What is the most affordable University Three Bedroom Apartment?

The best deal on a cheap University Three Bedroom Apartment rental is at Highland Hills Apartments and starts from $1,329.

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.