Budget Leases

Apartments for Rent in Mankato, MN

Rents in Mankato, MN start at $900/mo on Budget Leases, and the average across the 20 listings we track runs $1,294/mo. That's about 10% under the MN average of $1,434/mo, on the cheaper side for the state. By size, expect one-bedrooms around $1,128/mo and two-bedrooms around $1,403/mo. Listings are ranked cheapest-first and updated regularly.

Updated Jun 9, 2026

Cheapest
$900
lowest listed rent
Average rent
$1,29410% below MN
across all sizes
Average by sizevs MN typical
Studio$1,09516% below MN
1 bed$1,12819% below MN
2 bed$1,4039% below MN
3 bed$1,70018% below MN

20 rentals in Mankato, MN

Every size & style, ranked by price

1-bedroom apartment at 408 State St in Mankato, MN
Apartment · Mankato
$900/mo
Rating coming soon
1 bd|1 ba|797 ft²

408 State St

408 State St, Mankato

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3-bedroom apartment at 120 Locust St in Mankato, MN
Great deal
Apartment · Mankato
$1,200/mo
Rating coming soon
3 bd|1 ba|1,300 ft²

120 Locust St

120 Locust St, Mankato

Recently listedView details
1-bedroom apartment at 1247 Range St in Mankato, MN
Apartment · Mankato
$1,495/mo
Rating coming soon
1 bd|1 ba|758 ft²

1247 Range St

1247 Range St, Mankato

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3-bedroom apartment at 3200 Noble Dr in Mankato, MN
Apartment · Mankato
$2,200/mo
Rating coming soon
3 bd|2.5 ba|1,628 ft²

3200 Noble Dr

3200 Noble Dr, Mankato

Recently listedView details

Renting in Mankato, MN: common questions

How much is rent in Mankato, MN?
The average asking rent across the 20 listings we track in Mankato, MN is $1,294/mo, with the cheapest starting at $900/mo. Prices change often, so confirm current rates on each listing.
What is the cheapest apartment for rent in Mankato?
408 State St is the lowest-priced rental we're tracking in Mankato, MN at $900/mo. We rank every listing cheapest-first so the best-value options are always at the top.
What is the average rent by bedroom in Mankato?
Based on the listings we track in Mankato, MN: studios around $1,095/mo, one-bedrooms around $1,128/mo, two-bedrooms around $1,403/mo, three-bedrooms around $1,700/mo. These are averages and shift with availability.
Is Mankato expensive to rent in?
Relatively no. Mankato's average rent of $1,294/mo is about 10% below the MN state average of $1,434/mo, making it one of the more affordable markets in the state.

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Nearby cities
Faribault, MNOwatonna, MNNorthfield, MNChaska, MNPrior Lake, MNShakopee, MNSavage, MNLakeville, MN
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