Cheap Apartments for Rent in Mankato, MN
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Average Rent Trends in Mankato, MN
Rent in Mankato, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Oct 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,425 |
| Dec 2025 | $1,490 |
| Jan 2026 | $1,400 |
| Feb 2026 | $1,695 |
| Mar 2026 | $1,545 |
| Apr 2026 | $1,600 |
| May 2026 | $1,400 |
| Jun 2026 | $1,440 |
| Jul 2026 | $1,265 |
| Aug 2026 | $1,350 |
| Sep 2026 | $1,350 |
| Oct 2026 | $1,295 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,025 | $1,200 | $1,795 | $2,100 | $1,295 |
| Townhomes | — | $1,750 | $2,200 | $2,237 | $2,000 |
| Apartments and Condos | $800 | $1,200 | $1,295 | $1,425 | $1,175 |
| Houses | $1,090 | $1,495 | $2,150 | $2,100 | $2,100 |
Frequently Asked Questions about Rentals in Mankato, MN
- What is the average rent of an apartment in Mankato, MN?The average rent of an apartment in Mankato, MN is $1,168 per month. This is about 40% lower than the national average.
- What are the cheapest months to find an apartment to rent in Mankato, MN?Last year, the cheapest month to find an apartment to rent was Jul 2025 when it was $1,250 per month.
- How many cheap apartments are available in Mankato, MN?There are 46 apartments to rent that are cheaper than the city’s average rent of $1,295.
- When is the average rent most expensive in Mankato, MN?In the last year, the average rent in Mankato, MN was highest in Mar 2025 when it was $1,533 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Mankato, MN?The average rent of a 1 bedroom apartment in Mankato, MN is $1,025 per month. That is about $255 more than the cost of a studio apartment.
- What are some zip codes in Mankato, MN?
- What are some cities near Mankato, MN?Some nearby cities include: Skyline, North Mankato, Eagle Lake, Kasota, Saint Clair. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Mankato, MN - 245 Rentas | Trulia