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Apartments for Rent in Mankato MN

421 Rentals Available

Explore Rent Prices Near Mankato, MN

Mankato, MN’s average rent price is $1,302 per month. Compare rent prices and available listings in nearby cities to find better value or more options that fit your budget.

Average Rent
North Mankato $1,207

Average Monthly Rent is calculated using the average rent of active one-bedroom apartment listings.

Mankato, MN Apartments for Rent

Located along the Minnesota River, Mankato combines small-city charm with the energy of a college town. As home to Minnesota State University, the city offers both peaceful residential areas and lively entertainment districts. Outdoor enthusiasts can explore Sibley Park's riverside trails, while music lovers gather at the Vetter Stone Amphitheater for seasonal performances. Downtown Mankato preserves its historic character with local businesses, while River Hills Mall provides additional shopping options. The rental market remains strong, with one-bedroom apartments renting for $1,082, reflecting a 3.4% annual increase, while two-bedroom units average $1,232.

Mankato's housing landscape spans 20 square miles, featuring apartment communities near campus and established residential neighborhoods throughout the city. Minnesota State University, the state's second-largest university, anchors the local economy and enriches community life. The city celebrates its heritage through preserved landmarks like the Blue Earth County Courthouse and the R.D. Hubbard House, while its parks system provides year-round recreational opportunities. The rental market accommodates various needs, with studio apartments averaging $963 and three-bedroom residences available at approximately $1,563 monthly.

Learn more about living in Mankato, MN

Mankato, MN Rental Insights

The cost of living in Mankato, MN is 5.8% lower than the national average. Daily expenses like housing, groceries, and transportation generally cost less than in many other U.S. cities.

To live comfortably in Mankato, MN as a single adult with no dependents, aim for a salary of at least $70,000 before taxes. Expect to spend about $8,472/year for groceries, $12,960 for goods and services, and $21,456/year for housing. To decide how much you should spend on rent, use our rent affordability calculator.

You can find flexible rentals in Mankato, MN by exploring short-term rentals for temporary stays or browsing furnished apartments for move-in ready options that save time and hassle.

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