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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
10
$1,400
Southhaven
1125 Southhaven Drive Mankato, MN
3 BR | Jul. 1, 2026
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
12
3D Tour
$1,550
Hiniker Pond Townhomes
Deal
151-179 W Lind St Mankato, MN
2 BR | Mar. 9, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Townhome
Surface Parking
11
3D Tour
$950
Hilltop North & South
415 - 623 Belle Ave Mankato, MN
2 BR | Mar. 8, 2026
Contact
Heat Included
Virtual Tour
Section 8
17
3D Tour
$1,890
Timberwolf Townhomes
211 Timberwolf Trail Mankato, MN
3 BR | Available Now
Contact
Virtual Tour
House
In Unit Laundry
Dishwasher
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
14
$925 - 1,330
Cherry Ridge Apartments
Deal
3.2
101 Glenwood Ave Mankato, MN
1 - 3 BR | Available Now
Contact
Heat Included
Virtual Tour
Income Restricted
Section 8
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
12
3D Tour
$980 - 1,010
Hilltop Lane East & West
20-50 Hilltop Ln Mankato, MN
2 BR | Available Now
Contact
Heat Included
Virtual Tour
Income Restricted
Section 8
Air Conditioning
21
$840 - 998
Homestead Apartments
4.2
140 Homestead Rd Mankato, MN
1 - 2 BR | Available Now
Contact
Heat Included
Income Restricted
Section 8
Air Conditioning
Storage
19
3D Tour
$1,290
Northgate Apartments
1010 Jace Dr Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
1
$2,499
Pinnacle Bluffs
800 Pinnacle Path Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fireplace
1
$1,084 - 1,484
Ohana Apartments-rent Special!
2040 Prairie Rose Dr Mankato, MN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$874 - 1,024
Parkway Apartments
101 Parkway Ave Mankato, MN
1 - 2 BR | Available Now
Contact
Cat Friendly
1
$1,695 - 1,995
Indigo Crossing Townhomes
100 Partridge Path Mankato, MN
2 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,084 - 1,384
Ohana Apartments-rent Special!
2010 Prairie Rose Dr Mankato, MN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
0
$980 - 1,354
Southwood Flats
504 James Ave Mankato, MN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$1,725
Indigo Crossing Townhomes
221 Partridge Path Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
22
$600 - 1,340
PER
ROOM
Lofts @ 1633
1633 Monks Ave Mankato, MN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
9
$1,075
408 State St Unit 101
Mankato, MN
2 BR | Available Now
Contact
11
$1,495
1247 Range St Unit 429
Mankato, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
8
$1,745
Stadium Commons Upper Unit
605 S Skylark Trl Mankato, MN
3 BR | Aug. 1, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
50
$1,975
221 Prairie Rose Dr Unit 221
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
8
$900
408 State St Unit 203
Mankato, MN
1 BR | Available Now
Contact
13
$1,829
James Place
324 James Ave Mankato, MN
4 BR | Available Now
Contact
Dishwasher
10
$1,500
1247 Range St Unit 116
Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
15
$1,319 - 1,769
Silos Apartments
118 E Plum St Mankato, MN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
8
$1,250
202 Bunting Ln Unit 202
Mankato, MN
2 BR | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
8
$1,685 - 1,745
Stadium Commons Townhomes
400-629 S Skylark Trl Mankato, MN
3 BR | Aug. 1, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
41
$680 - 730
PER
ROOM
College Town Mankato
1800 Pohl Rd Mankato, MN
3 - 5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
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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: March Rental Information

Welcome to the March 2026 Mankato Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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 2 5 7 10 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620

Available Apartments Under $500: Mankato vs. Surrounding Areas

In March 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 March M/M % Change
Mankato, MN 2 +1.17%
Winnebago, MN 1 +1.0%
New Ulm, MN 1 +1.0%
Le Sueur, MN 1 0.0%
St Peter, MN 1 +0.67%

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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