Mankato sits where the Minnesota River meets the Blue Earth River, making it the fourth-largest city outside the Minneapolis–Saint Paul area with a population of over 44,000. If you're looking for apartments for rent in Mankato, you'll find a city that combines college-town energy with the affordability and accessibility of a regional hub. Home to Minnesota State University—the state's second-largest university by enrollment—Mankato keeps its rental market steady, with one-bedroom apartments averaging around $1,166 per month and two-bedroom units at approximately $1,255.
Renting in Mankato means easy access to both outdoor fun and everyday conveniences. Downtown keeps its historic charm with local shops and restaurants, while Sibley Park offers riverside trails and green space along the Minnesota River. The city's spot at the junction of U.S. Highway 169 and State Highway 60 makes getting around simple, and the university ensures plenty of apartment communities for students, professionals, and long-term residents. Shopping is a breeze at River Hills Mall and other retail areas, and seasonal events at the Vetter Stone Amphitheater add extra appeal for renters looking for both convenience and quality of life.
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The average rent in Mankato, MN is $1,178.
The average rent for a studio apartment in Mankato, MN is $1,105.
The average rent for a 1 bedroom apartment in Mankato, MN is $1,178.
The average rent for a 2 bedroom apartment in Mankato, MN is $1,306.
The average rent for a 3 bedroom apartment in Mankato, MN is $1,635.
The average rent for a 4 bedroom apartment in Mankato, MN is $1,935.
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