Riverfront Court
115 S Riverfront Dr,
Mankato, MN 56001
2-3 Beds | $1,140 - $1,800
Rental Market Trends in North Mankato, MN
Updated July 2026
The average rent in North Mankato, MN is $1,082/month.
Rent in North Mankato is 35% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$1,082/month
Average Rent
701 Sq Ft
Average Size
+1.7%
Change / Year
142
Available Apartments
North Mankato rent varies by unit size and layout:
- Studio apartments in North Mankato average per month.
- One-bedroom apartments in North Mankato average $1,082 per month.
- Two-bedroom apartments in North Mankato average $1,193 per month.
- Three-bedroom apartments in North Mankato average $1,958 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
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in North Mankato, MN?
In the past year, rent has increased by 1.7%, which averages out to $18 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in North Mankato, MN
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
45%
$700 - $1,000/month
36%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
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 $1,082, you’ll want to make about $3,606 per month or $43,272 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.
View the North Mankato Area GuideStudio
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-
One Bedroom
$1,169/month
-
Two Bedroom
$1,188/month
-
Three Bedroom
$1,983/month
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Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in North Mankato We Think You'll Love
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Frequently Asked Questions
What is the average rent in North Mankato?
The average rent in North Mankato is $1,082 per month, which is 34.9% lower than the national average of $1,662.
What is the average rent for a condo in North Mankato?
The average rent for a condo in North Mankato, MN is $1,252 per month.
Are rents going up or down in North Mankato?
Rents in North Mankato, MN are increasing, with prices up 1.7% year-over-year and $18 more per month.
What rent range is most common in North Mankato?
In North Mankato, MN, 45% of apartments fall between $700 - $1,000/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.