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Apartments Under $500 in Mankato, MN

1 - 1 of 1 Result
5
$315 - 450
PER
BED
Highland Hills
1340 Warren St Mankato, MN
3 - 5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
1 - 1 of 1 Results

All Apartments in Mankato, MN

30 Results
24
$1,200 - 1,600
University Park
2001 Monks Avenue Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
10
$1,400
Southhaven
1125 Southhaven Drive Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Pool
1
$1,640
117 Cherry St
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$1,750
Indigo Crossing Townhomes
221 Partridge Path Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,750
Indigo Crossing Townhomes
100 Partridge Path Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
41
$537 - 763
PER
ROOM
College Town Mankato
1800 Pohl Rd Mankato, MN
3 - 5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
12
$724
322 East Walnut
322 East Walnut Mankato, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
22
$615 - 1,375
PER
ROOM
Lofts @ 1633
1633 Monks Ave Mankato, MN
1 - 4 BR | Aug. 1, 2027
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
1
$2,200
4 Bedroom/2.5 Bathroom Townhome
3021 Bluestem Trl Mankato, MN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$735 - 840
PER
ROOM
The Quarters Mankato
630 Timberwolf Dr Mankato, MN
2 - 4 BR | Aug. 1, 2027
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
11
$1,100
429 State St Unit 102
Mankato, MN
2 BR | Available Now
Contact
Dishwasher
17
$1,485
226 Marcy St Unit Main/lower
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
6
$850
112 S 5th St Unit Upper
Mankato, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
11
$1,445
1247 Range St Unit 429
Mankato, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
24
$1,590
125 Roosevelt Cir Unit 208
Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
26
$1,775
408 Holly Ln Unit 8
Mankato, MN
3 BR | Nov. 15, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
21
$2,095
Fox Run Townhomes
740 Castle Pines Dr Mankato, MN
3 BR | Nov. 15, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Fireplace
21
$1,995
Fox Run Townhomes
103 Everglades Trl Mankato, MN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,075
Cherry Square Apartments
500 S Second St 121 E Cherry St Mankato, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
25
$1,300
125 Roosevelt Cir Unit 315
Mankato, MN
1 BR | Nov. 15, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
1
$1,600
Augusta Park Estates (c)
1690 Premier Dr Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
21
$925
604 N 2Nd St, Unit 4
Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
12
$1,125
120 Locust St Unit 7
Mankato, MN
3 BR | Available Now
Contact
Cat Friendly
20
$2,300
20459 Pohl Rd
Mankato, MN
3 BR | Jan. 1, 2027
Contact
House
Storage
Dishwasher
9
$1,000
408 State St Unit 101
Mankato, MN
2 BR | Available Now
Contact
18
$2,100
3200 Noble Dr Unit 3200
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Dishwasher
15
$1,599
Silos Apartments
118 E Plum St Mankato, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,025
Skyway Property Holdings, Llc - (studio 5)
507 N Riverfront Dr Mankato, MN
Studio | Dec. 1, 2026
Contact
Air Conditioning
Storage
Dishwasher
12
$1,700
108 Owl Path Unit 108
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,334 - 1,384
Ohana Apartments
2010 Prairie Rose Dr Mankato, MN
2 BR | Jan. 4, 2027
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
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  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Mankato, MN on Rentable.co?

There is 1 apartment under $500 in Mankato currently available for rent on Rentable.co.

How many one-bedroom apartments under $500 are available in Mankato?

Rentable.co has 6 one-bedroom apartments under $500 available for rent in Mankato.

How many two-bedroom apartments under $500 are available in Mankato?

Rentable.co has 2 two-bedroom apartments under $500 available for rent in Mankato.

Apartments Under $500 in Mankato, MN: November Rental Information

Welcome to the November 2026 Mankato Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2026 key findings and figures for the Mankato rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Mankato and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $500 in Mankato. Whether you are a student looking for an affordable apartment or someone on a tight budget, this report will give you valuable information to help you find your next rental in Mankato.
0 5 10 15 20 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 >$1,520

Available Apartments Under $500: Mankato vs. Surrounding Areas

In November 2026, there are a variety of affordable rental options available in Mankato, MN and its surrounding cities. According to the chart above, there are a total of 5 apartments under $500 in the Mankato, MN metro area. Some of the nearby cities where you can find these budget-friendly apartments include Minnesota Lake, Le Sueur, St Peter, Gaylord, Morristown, Eagle Lake, Janesville, Madelia, New Ulm, Madison Lake, Waseca, Waterville, North Mankato, Mapleton, Lake Crystal, Winnebago, St Clair, Kasota, Le Center, and Montgomery. These affordable rentals provide an excellent opportunity for individuals looking for an economical housing option in this area.

Apartments Under $500 Now vs. Last Month: Mankato and Surrounding Areas

City Apartments Under $500 in November M/M % Change
Mankato, MN 2 +1.27%
Winnebago, MN 1 +1.0%
New Ulm, MN 1 +1.0%

Looking for Apartments Under $500 in Mankato?

Available apartments under $500 15
Top amenities Dishwasher, Online Payments, Online Community Portal, Off Street Parking, Pet Friendly Community
Pet friendly 7
Utilities included 7
3 Bedroom 3
4 Bedroom 2
5 Bedroom 2
Square footage 830 - 1,393
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