Mankato, situated along the Minnesota River, combines small-city living with the energy of a college town. As home to Minnesota State University, the state's second-largest university, the city offers residents a rich mix of cultural events, outdoor activities, and economic opportunities. The historic downtown area and riverside parks provide a pleasant setting for apartment living, while the city serves as a regional center for shopping, dining, and healthcare services.
Apartments in Mankato span various neighborhoods and price points, including student housing near campus and residential developments throughout the city. With one-bedroom apartments averaging $1,079 per month, Mankato offers competitive rental rates compared to other Minnesota communities. Most residents enjoy convenient 15-minute commutes to local destinations, including Sibley Park and the Red Jacket Trail. The local economy, supported by healthcare, education, and manufacturing sectors, continues to expand, making Mankato an appealing choice for those seeking a balance of professional opportunities and community connection.
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The average rent in Mankato, MN is $1,153.
The average rent for a studio apartment in Mankato, MN is $1,111.
The average rent for a 1 bedroom apartment in Mankato, MN is $1,153.
The average rent for a 2 bedroom apartment in Mankato, MN is $1,259.
The average rent for a 3 bedroom apartment in Mankato, MN is $1,608.
The average rent for a 4 bedroom apartment in Mankato, MN is $1,913.
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Note: Based on community-supplied data and independent market research. Subject to change without notice.