What's the average rent in Mankato, MN?

Rental Market Trends in Mankato, MN

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Mankato, MN is $1,350 per month, which is 31% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,350

4.1%$53 increase month-over-month

4.3%$56 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,212

HOUSES

$1,979

TOWNHOUSES

$2,000

As of August 2026, apartments are the most affordable rental option in Mankato, MN at $1,212 per month, while townhomes are the most expensive at $2,000 per month. Houses average $1,979 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$942
2 Bedrooms	$1,210
3 Bedrooms	$1,600
4 Bedrooms	$2,050
All	$1,350

As of August 2026, the average rent for a 1 bedroom rental in Mankato, MN is $942 per month, followed by $1,210 for a 2 bedroom rental, $1,600 for a 3 bedroom rental, and $2,050 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,850
3 Bedrooms	$2,000
4 Bedrooms	$2,050
All	$2,000

As of August 2026, the average rent for a 2 bedroom townhome in Mankato, MN is $1,850 per month, followed by $2,000 for a 3 bedroom townhome, and $2,050 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$870
2 Bedrooms	$1,250
3 Bedrooms	$1,350
4 Bedrooms	$1,500
All	$1,250

As of August 2026, the average rent for a 1 bedroom apartment in Mankato, MN is $870 per month, followed by $1,250 for a 2 bedroom apartment, $1,350 for a 3 bedroom apartment, and $1,500 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$870
2 Bedrooms	$1,145
3 Bedrooms	$1,900
4 Bedrooms	$2,205
All	$1,979

As of August 2026, the average rent for a 1 bedroom house in Mankato, MN is $870 per month, followed by $1,145 for a 2 bedroom house, $1,900 for a 3 bedroom house, and $2,205 for a 4 bedroom house.