The Grove at Mankato
200 Briargate Rd,
Mankato, MN 56001
1-3 Beds | $970 - $1,829
Rental Market Trends in Mankato, MN
Updated July 2026
The average rent in Mankato, MN is $1,170/month.
Rent in Mankato is 30% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,170/month
Average Rent
698 Sq Ft
Average Size
+0.1%
Change / Year
433
Available Apartments
Mankato rent varies by unit size and layout:
- Studio apartments in Mankato average $1,111 per month.
- One-bedroom apartments in Mankato average $1,170 per month.
- Two-bedroom apartments in Mankato average $1,300 per month.
- Three-bedroom apartments in Mankato average $1,643 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Mankato, MN?
In the past year, rent has increased by 0.1%, which averages out to $2 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Mankato, MN
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
15%
$700 - $1,000/month
47%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
12%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Mankato?
Based on current rent prices, Downtown Mankato and East Mankato" are the most affordable neighborhoods in Mankato.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Mankato?
Based on current rent prices, East Mankato and Downtown Mankato" are the most expensive neighborhoods in Mankato.
Neighborhood
Average Rent
Average Sq Ft
Which Mankato neighborhoods have the most rentals available?
The neighborhoods in Mankato with the most apartments available are East Mankato and Downtown Mankato" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Mankato, MN?
Because the average rent in Mankato is $1,170, you’ll want to make about $3,900 per month or $46,800 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Mankato, MN is 6.2% lower than the national average. Generally, housing in Mankato is 20.5% less expensive than the national average, with rent falling between $1,111 - $1,643. You can expect to pay 1.3% more for groceries, 5.1% less for utilities, and 3.4% less for transportation.
How does Mankato, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Mankato, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Mankato Area GuideStudio
-
$1,139/month
One Bedroom
$1,096/month
$1,226/month
Two Bedroom
$1,287/month
$1,399/month
Three Bedroom
$1,300/month
$1,648/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Mankato We Think You'll Love
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Frequently Asked Questions
What is the average rent in Mankato?
The average rent in Mankato is $1,170 per month, which is 29.6% lower than the national average of $1,663.
What is the average rent for a house in Mankato?
The average rent for a house in Mankato, MN is $1,671 per month.
Are rents going up or down in Mankato?
Rents in Mankato, MN are increasing, with prices up 0.1% year-over-year and $2 more per month.
What rent range is most common in Mankato?
In Mankato, MN, 47% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.