Apartments for Rent in Mankato, MN

Prices and availability in Mankato, MN were last updated on 26 Oct 2026.

The best apartments in Mankato, MN are: River Bluff Apartments, The Edge Apartments, Knollcrest Apartments, Hilltop Lane East Apartments and Hilltop Lane West Apartments.

The price range for a studio apartment in Mankato, MN is between $1,150 and $1,675.

The price range for a 1-bedroom apartment in Mankato, MN is between $830 and $1,650.

The price range for a 2-bedroom apartment in Mankato, MN is between $830 and $3,200.

The price range for a 3-bedroom apartment in Mankato, MN is between $830 and $2,300.

In Mankato, 50% of the residents are renting compared to 50% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Mankato's rentals, 69% are small-scale complexes with under 50 units, and 9% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Mankato are about 35 years old, on average. Of these, 38% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 95% of the rental communities here are low-rise, garden-style communities, 11% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.