Apartments for Rent in Mankato, MN

Prices and availability in Mankato, MN were last updated on 24 Aug 2026.

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

The price range for a studio apartment in Mankato, MN is between $1,095 and $1,350.

The price range for a 1-bedroom apartment in Mankato, MN is between $800 and $1,465.

The price range for a 2-bedroom apartment in Mankato, MN is between $895 and $1,900.

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

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 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.

Studio apartments in Mankato are around 2% of rentals, while 1-bedroom floor plans represent 31% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 42% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.