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Apartments Under $500 in Mankato, MN

1 - 2 of 2 Results
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
41
$483
PER
ROOM
College Town Mankato
1800 Pohl Rd Mankato, MN
4 - 5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
1 - 2 of 2 Results

All Apartments in Mankato, MN

30 Results
10
$1,400
Southhaven
1125 Southhaven Drive Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Pool
24
$1,200 - 1,600
University Park
2001 Monks Avenue Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,640
117 Cherry St
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$2,050
Indigo Crossing Townhomes
100 Partridge Path Mankato, MN
4 BR | Aug. 15, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,750
Indigo Crossing Townhomes
101 Partridge Path Mankato, MN
2 BR | Nov. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$2,050
Indigo Crossing Townhomes
129 Osprey Path Mankato, MN
4 BR | Aug. 13, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,750
Indigo Crossing Townhomes
205 Partridge Path Mankato, MN
2 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
22
$520
PER
ROOM
Lofts @ 1633
1633 Monks Ave Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
12
$774
322 East Walnut
322 East Walnut Mankato, MN
1 BR | Oct. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
5
$950
Deldona Apartments
425 Deldona Drive Mankato, MN
2 BR | Available Now
Contact
Heat Included
Virtual Tour
Air Conditioning
Dishwasher
12
3D Tour
$1,525
Hiniker Pond Townhomes
Deal
151-179 W Lind St Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
In Unit Laundry
Balcony/Deck/Patio
14
$1,095
Cherry Ridge Apartments
Deal
3.2
101 Glenwood Ave Mankato, MN
2 BR | Available Now
Contact
Heat Included
Virtual Tour
Income Restricted
Section 8
Air Conditioning
28
$1,205
Dublin Crossing
920 Patriot Dr Mankato, MN
2 BR | Available Now
Contact
Income Restricted
Section 8
Disability Access
Dishwasher
15
$1,399 - 1,699
Silos Apartments
118 E Plum St Mankato, MN
1 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,150
Skyway Property Holdings, Llc - (studio 5)
507 N Riverfront Dr Mankato, MN
Studio | Available Now
Contact
Air Conditioning
Storage
Dishwasher
1
$1,284 - 1,334
Ohana Apartments
2040 Prairie Rose Dr Mankato, MN
1 - 2 BR | Aug. 14, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Disability Access
1
$1,334 - 1,384
Ohana Apartments
2010 Prairie Rose Dr Mankato, MN
2 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$1,229
James Courtyard
422 James Ave Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
17
$1,075
501 N 5th St Unit 1/2
Mankato, MN
2 BR | Aug. 15, 2026
Contact
Cat Friendly
Dishwasher
29
$1,850
408 Holly Ln Unit 8
Mankato, MN
3 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
0
$1,200
Quads (firm Foundation)
109 Bunting Ln Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
18
$1,150
120 Locust St Unit 5
Mankato, MN
3 BR | Available Now
Contact
Cat Friendly
22
$1,335
161 Roosevelt Cir Unit 213
Mankato, MN
1 BR | Aug. 15, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$770
PER
ROOM
The Quarters Mankato
630 Timberwolf Dr Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
40
$1,900
341 Trestle Trail Unit Sibley Park
Mankato, MN
2 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
7
$1,249
701 S Victory Dr Unit 8
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,295
Cherry Square Apartments
500 S Second St 121 E Cherry St Mankato, MN
2 BR | Aug. 15, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
21
$1,995 - 2,095
Fox Run Townhomes
103 Everglades Trl Mankato, MN
3 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$974
Parkway Apartments
101 Parkway Ave Mankato, MN
1 BR | Aug. 21, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
8
$900
408 State St Unit 203
Mankato, MN
1 BR | Available Now
Contact
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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 are 2 apartments 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: August Rental Information

Welcome to the August 2026 Mankato Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480

Available Apartments Under $500: Mankato vs. Surrounding Areas

In August 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 3 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 August M/M % Change
Mankato, MN 2 +0.14%
Winnebago, MN 1 +1.0%
Kasota, MN 1 +1.25%
Le Sueur, MN 0 +1.67%

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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