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Apartments Under $500 in Mankato, MN

1 - 3 of 3 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
11
$200
354 Trestle Trl Unit 354
Mankato, MN
3 BR | Nov. 1, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$490
517 S Broad St
Mankato, MN
1 BR | Available Now
Contact
1 - 3 of 3 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
$1,750
Indigo Crossing Townhomes
100 Partridge Path Mankato, MN
2 BR | Available Now
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
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
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
12
$774
322 East Walnut
322 East Walnut Mankato, MN
1 BR | Oct. 9, 2026
Contact
Dog Friendly
Cat Friendly
Storage
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
$1,010
Knollcrest Apartments
120 Knollcrest Dr Mankato, MN
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Section 8
21
$1,053 - 1,155
Homestead Apartments
4.2
140 Homestead Rd Mankato, MN
2 BR | Available Now
Contact
Heat Included
Income Restricted
Section 8
Air Conditioning
Storage
21
$1,205
Dublin Heights
1010 Patriot Ct Mankato, MN
2 BR | Available Now
Contact
Income Restricted
Section 8
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
7
$900
408 State St Unit 203
Mankato, MN
1 BR | Available Now
Contact
1
$974 - 1,074
Parkway Apartments
101 Parkway Ave Mankato, MN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
9
$1,050
408 State St Unit 101
Mankato, MN
2 BR | Oct. 1, 2026
Contact
18
$2,150
3200 Noble Dr Unit 3200
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Dishwasher
8
$1,200
202 Bunting Ln Unit 202
Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
14
$1,650
520 Tanager Path Unit 520
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
12
$1,365
1247 Range St Unit 118
Mankato, MN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
7
$1,199
701 S Victory Dr Unit 8
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
20
$1,900
350 Trestle Trl Unit 350
Mankato, MN
2 BR | Nov. 1, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
21
$1,995 - 2,095
Fox Run Townhomes
103 Everglades Trl Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
15
$1,399 - 1,699
Silos Apartments
118 E Plum St Mankato, MN
1 BR | Oct. 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
$1,250
931 Madison Ave
Mankato, MN
1 BR | Available Now
Contact
Surface Parking
Storage
Disability Access
Dishwasher
2
$1,979
James Edge
224 James Ave Mankato, MN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
29
$1,775
408 Holly Ln Unit 8
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
17
$1,070
501 N 5th St Unit 1/2
Mankato, MN
2 BR | Available Now
Contact
Cat Friendly
Dishwasher
12
$1,148
120 Locust St Unit 7
Mankato, MN
3 BR | Available Now
Contact
Cat Friendly
  1. Home
  2. Mankato
  3. Apartments Under $500
Frequently Asked Questions

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

There are 3 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 7 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.

Can I afford a apartment under $500 in Mankato, MN?

To comfortably afford a apartment under $500 in Mankato based on average rent prices, a household would need an annual income of $14,000.

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

Welcome to the September 2026 Mankato Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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 September 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 September M/M % Change
Mankato, MN 2 +1.0%
Winnebago, MN 1 +1.0%
Kasota, MN 0 +1.67%

Looking for Apartments Under $500 in Mankato?

Available apartments under $500 17
Top amenities Dishwasher, Controlled Access, High Speed Internet, Secured Entry, 24 Hour Maintenance
Pet friendly 8
Utilities included 7
3 Bedroom 4
4 Bedroom 2
5 Bedroom 2
Square footage 120 - 2,000
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