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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
28
$1,205
Dublin Crossing
920 Patriot Dr Mankato, MN
2 BR | Available Now
Contact
Income Restricted
Section 8
Disability Access
Dishwasher
7
3D Tour
$995 - 1,045
Knollcrest Apartments
120 Knollcrest Dr Mankato, MN
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Section 8
10
$1,400
Southhaven
1125 Southhaven Drive Mankato, MN
3 BR | Jul. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Pool
11
$1,200 - 1,600
University Park
2001 Monks Avenue Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
21
$919 - 1,208
Homestead Apartments
4.2
140 Homestead Rd Mankato, MN
1 - 3 BR | Available Now
Contact
Heat Included
Income Restricted
Section 8
Air Conditioning
Storage
12
3D Tour
$1,550
Hiniker Pond Townhomes
Deal
151-179 W Lind St Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Townhome
Surface Parking
11
3D Tour
$920
Hilltop North & South
Deal
415 - 623 Belle Ave Mankato, MN
2 BR | Available Now
Contact
Heat Included
Virtual Tour
Section 8
12
3D Tour
$920 - 1,010
Hilltop Lane East & West
Deal
20-50 Hilltop Ln Mankato, MN
1 - 2 BR | Available Now
Contact
Heat Included
Virtual Tour
Income Restricted
Section 8
Air Conditioning
14
$1,095 - 1,330
Cherry Ridge Apartments
Deal
3.2
101 Glenwood Ave Mankato, MN
2 - 3 BR | Available Now
Contact
Heat Included
Virtual Tour
Income Restricted
Section 8
Air Conditioning
20
3D Tour
$1,965
Wolf Point Townhomes
Deal
2325 Excel Dr Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
25
3D Tour
$1,150
Sibley Park Apartments
3.8
410 Sibley Parkway Mankato, MN
2 BR | Available Now
Contact
Heat Included
Income Restricted
Section 8
Covered Parking
Fitness Center
1
$1,725
Indigo Crossing Townhomes
120 Partridge Path Mankato, MN
2 BR | Jul. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,850
Indigo Crossing Townhomes
113 Gander Path Mankato, MN
3 BR | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,725
Indigo Crossing Townhomes
113 Partridge Path Mankato, MN
2 BR | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,725 - 1,995
Indigo Crossing Townhomes
100 Partridge Path Mankato, MN
2 - 4 BR | Apr. 25, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
41
$680 - 735
PER
ROOM
College Town Mankato
1800 Pohl Rd Mankato, MN
3 - 5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
11
$780 - 2,975
PER
ROOM
RentMSU
530 S Front St #100 Mankato, MN
2 - 7 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
12
$1,224
322 East Walnut
322 East Walnut Mankato, MN
3 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Storage
22
$600 - 1,340
PER
ROOM
Lofts @ 1633
1633 Monks Ave Mankato, MN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
13
$1,829
James Place
324 James Ave Mankato, MN
4 BR | Available Now
Contact
Storage
Disability Access
Dishwasher
22
$1,649 - 2,499
Stadium Courtyard
100 Blue Jay Trl Mankato, MN
2 - 4 BR | May. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
18
$950
717 N 2nd St Unit 1
Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,024
Parkway Apartments
101 Parkway Ave Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
8
$900
408 State St Unit 203
Mankato, MN
1 BR | Available Now
Contact
50
$1,975
221 Prairie Rose Dr Unit 221
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,324
319 East Main
319 E Main St Mankato, MN
4 BR | Aug. 10, 2026
Contact
Dog Friendly
Cat Friendly
House
Surface Parking
Storage
18
$2,200
3200 Noble Dr Unit 3200
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Dishwasher
9
$1,075
408 State St Unit 101
Mankato, MN
2 BR | Available Now
Contact
8
$1,250
202 Bunting Ln Unit 202
Mankato, MN
2 BR | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
8
$1,095
407 Glenwood Ave Unit 2
Mankato, MN
2 BR | Jul. 1, 2026
Contact
Dog Friendly
Cat Friendly
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: April Rental Information

Welcome to the April 2026 Mankato Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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 7 15 22 30 <$800 $820 $860 $900 $940 $980 $1,020 $1,060 $1,100 $1,140 $1,180 $1,220 $1,260 $1,300 $1,340 $1,380 $1,420 $1,460 $1,500 $1,540 $1,580

Available Apartments Under $500: Mankato vs. Surrounding Areas

In April 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 4 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 April M/M % Change
Mankato, MN 1 +1.2%
Le Sueur, MN 1 +0.25%
Winnebago, MN 1 +1.0%
New Ulm, MN 1 +1.0%
St Peter, MN 1 +1.25%

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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