What's the average rent in Mankato, MN?

Rental Market Trends in Mankato, MN

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SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Mankato, MN is $1,600 per month, which is 16% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$1,600

3.2%$50 increase month-over-month

0.0%No change year over year

AVAILABLE RENTALS

APARTMENTS

$1,338

HOUSES

$2,000

TOWNHOUSES

$1,925

As of May 2026, apartments are the most affordable rental option in Mankato, MN at $1,338 per month, while houses are the most expensive at $2,000 per month. Townhomes average $1,925 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$920
2 Bedrooms	$1,275
3 Bedrooms	$1,629
4 Bedrooms	$1,775
All	$1,400

As of May 2026, the average rent for a 1 bedroom rental in Mankato, MN is $920 per month, followed by $1,275 for a 2 bedroom rental, $1,629 for a 3 bedroom rental, and $1,775 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,725
3 Bedrooms	$1,850
4 Bedrooms	$1,995
All	$1,850

As of May 2026, the average rent for a 2 bedroom townhome in Mankato, MN is $1,725 per month, followed by $1,850 for a 3 bedroom townhome, and $1,995 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$875
2 Bedrooms	$1,384
3 Bedrooms	$1,609
4 Bedrooms	$1,495
All	$1,400

As of May 2026, the average rent for a 1 bedroom apartment in Mankato, MN is $875 per month, followed by $1,384 for a 2 bedroom apartment, $1,609 for a 3 bedroom apartment, and $1,495 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,300
3 Bedrooms	$1,965
4 Bedrooms	$2,000
All	$2,000

As of May 2026, the average rent for a 2 bedroom house in Mankato, MN is $1,300 per month, followed by $1,965 for a 3 bedroom house, and $2,000 for a 4 bedroom house.