Apartments for Rent in Mankato, MN

Prices and availability in Mankato, MN were last updated on 4 May 2026.

The best apartments in Mankato, MN are: Wolf Point Townhomes, Knollcrest Apartments, River Bluff Apartments, Hilltop North Apartments and Hilltop South Apartments.

The price range for a studio apartment in Mankato, MN is between $1,000 and $1,095.

The price range for a 1-bedroom apartment in Mankato, MN is between $800 and $1,650.

The price range for a 2-bedroom apartment in Mankato, MN is between $900 and $1,650.

The price range for a 3-bedroom apartment in Mankato, MN is between $925 and $2,100.

In Mankato 50% of the housing is rented out compared to 50% of homes are owned, according to the most recent Census Bureau estimates. 22% of Mankato's apartments are found in large buildings of 50 units or more, 65% are located in smaller apartment complexes with less than 50 units, and 11% are single-family rentals.

The average age of rental buildings in Mankato is 35 years old, with 38% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 95% are garden-style apartment communities, 11% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Mankato come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 31% of the total apartments in the city, while 2-bedroom floorplans represent around 42% of all rentals in Mankato. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.