What's the average rent in Mankato, MN?

Rental Market Trends in Mankato, MN

SOURCE: TRULIA DATA

Rental market highlights

As of September 2026, the average rent in Mankato, MN is $1,250 per month, which is 36% lower than the national average rent of $1,948 per month.

AVERAGE RENT

$1,250

-13.7%-$198 decrease month-over-month

-1.3%-$17 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,168

HOUSES

$1,495

TOWNHOUSES

$2,000

As of September 2026, apartments are the most affordable rental option in Mankato, MN at $1,168 per month, while townhomes are the most expensive at $2,000 per month. Houses average $1,495 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,014
2 Bedrooms	$1,227
3 Bedrooms	$1,775
4 Bedrooms	$2,080
All	$1,250

As of September 2026, the average rent for a 1 bedroom rental in Mankato, MN is $1,014 per month, followed by $1,227 for a 2 bedroom rental, $1,775 for a 3 bedroom rental, and $2,080 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,750
3 Bedrooms	$2,200
4 Bedrooms	$2,050
All	$2,000

As of September 2026, the average rent for a 2 bedroom townhome in Mankato, MN is $1,750 per month, followed by $2,200 for a 3 bedroom townhome, and $2,050 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$795
2 Bedrooms	$1,233
3 Bedrooms	$1,250
4 Bedrooms	$1,425
All	$1,175

As of September 2026, the average rent for a 1 bedroom apartment in Mankato, MN is $795 per month, followed by $1,233 for a 2 bedroom apartment, $1,250 for a 3 bedroom apartment, and $1,425 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$1,150
2 Bedrooms	$1,495
3 Bedrooms	$2,295
4 Bedrooms	$2,600
All	$1,495

As of September 2026, the average rent for a 1 bedroom house in Mankato, MN is $1,150 per month, followed by $1,495 for a 2 bedroom house, $2,295 for a 3 bedroom house, and $2,600 for a 4 bedroom house.