Riverfront Court
115 S Riverfront Dr,
Mankato, MN 56001
$1,300 - $1,800 Plus Fees
1-3 Beds | 12 Month Lease
Rental Market Trends in North Mankato, MN
What is the average rent in North Mankato, MN?
$1,063/month
Average Rent
712 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of April 2026, the average rent in North Mankato, MN is $1,063 per month. This is 35% lower than the national average rent of $1,641/month, making renting in North Mankato more affordable than most cities in the US. When you rent an apartment in North Mankato, you can expect to pay about per month for a studio, $1,063 for a one-bedroom apartment, and around $1,085 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,915 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in North Mankato, MN?
In the past year, rent has increased by 1.9%, which averages out to $20 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in North Mankato, MN
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
50%
$700 - $1,000/month
40%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in North Mankato?
Based on current rent prices, North Mankato and Upper North Mankato" are the most affordable neighborhoods in North Mankato.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in North Mankato?
Based on current rent prices, Upper North Mankato and North Mankato" are the most expensive neighborhoods in North Mankato.
Neighborhood
Average Rent
Average Sq Ft
Which North Mankato neighborhoods have the most rentals available?
The neighborhoods in North Mankato with the most apartments available are North Mankato and Upper North Mankato" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in North Mankato, MN?
Because the average rent in North Mankato is $1,063, you’ll want to make about $3,543 per month or $42,516 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.
How does North Mankato, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare North 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.
Studio
-
-
One Bedroom
$1,141/month
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Two Bedroom
$1,201/month
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Three Bedroom
$1,915/month
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Nearby City Rent Trends
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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 February 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.