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Apartments for Rent in Mankato MN

547 Rentals Available

Explore Rent Prices Near Mankato, MN

Mankato, MN’s average rent price is $1,289 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 $1,201

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

Mankato, MN Apartments for Rent

Set along the Minnesota and Blue Earth rivers, Mankato serves up riverfront trails, a bustling downtown, and quick crosstown drives on U.S. 14 and U.S. 169. You’ll find apartments for rent in Mankato in Downtown/City Center near the Mayo Clinic Health System Event Center and Riverfront Park, around Hilltop by River Hills Mall, and by the Minnesota State University, Mankato campus. Weekend favorites include shows at Vetter Stone Amphitheater, afternoons at the Children’s Museum of Southern Minnesota, bikes on the Red Jacket Trail, and quick trips to Minneopa State Park’s waterfalls or nearby Mount Kato. Mankato Transit System buses connect downtown, campus, and the Hilltop shopping corridor, and most drives across town take about 10-15 minutes.

For neighborhoods, check out Downtown/City Center for historic brick blocks, local restaurants, and walkable entertainment; Old Town for character homes and indie cafés; Hilltop for newer apartment communities near big-box shopping; Lincoln Park Historic District for tree-shaded streets close to downtown; West Mankato/Sibley Park for trailheads and river access; Tourtelotte Park and Washington Park for quiet streets with neighborhood parks; and the University/Stadium Road area for short walks to classes and Blakeslee Stadium. If you want green space, look at apartments near Sibley Park; for campus access, try rentals close to Minnesota State University, Mankato.

Learn more about living in Mankato, MN

Mankato, MN Rental Insights

The average rent in Mankato, MN is $1,157 per month. By comparison, renters across the U.S. pay an average of $1,626, which means housing in Mankato, MN is slightly less expensive than much of the country.

Find affordable apartments for rent in Mankato, MN by browsing listings in budget-friendly neighborhoods such as Washington Park, Downtown Mankato, and East Mankato. Use filters by price, number of bedrooms, and amenities to narrow your search.

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.

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