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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
11
$350
PER
ROOM
RentMSU
530 S Front St #100 Mankato, MN
5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Air Conditioning
In Unit Laundry
1 - 2 of 2 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 - 1,575
University Park
2001 Monks Avenue Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
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
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
20
3D Tour
$1,895
Wolf Point Townhomes
Deal
2325 Excel Dr Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
15
3D Tour
$1,695
Willow Creek Townhomes
Deal
4.0
Jace Drive Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Townhome
1
$715 - 835
PER
ROOM
The Quarters Mankato
630 Timberwolf Dr Mankato, MN
2 - 3 BR | Aug. 1, 2026
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
12
3D Tour
$980
Hilltop Lane East & West
20-50 Hilltop Ln Mankato, MN
2 BR | Dec. 15, 2025
Contact
Heat Included
Virtual Tour
Income Restricted
Section 8
Air Conditioning
19
3D Tour
$1,290 - 1,595
Northgate Apartments
1010 Jace Dr Mankato, MN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
17
3D Tour
$1,890
Timberwolf Townhomes
211 Timberwolf Trail Mankato, MN
3 BR | Dec. 10, 2025
Contact
Virtual Tour
House
In Unit Laundry
Dishwasher
21
$950 - 1,250
Homestead Apartments
4.2
140 Homestead Rd Mankato, MN
2 - 3 BR | Available Now
Contact
Heat Included
Income Restricted
Section 8
Air Conditioning
Storage
14
$1,045 - 1,225
Cherry Ridge Apartments
3.2
101 Glenwood Ave Mankato, MN
2 - 3 BR | Available Now
Contact
Heat Included
Virtual Tour
Income Restricted
Section 8
Air Conditioning
22
$1,649
Stadium Courtyard
100 Blue Jay Trl Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$1,084 - 1,334
Ohana Apartments
2010 Prairie Rose Dr Mankato, MN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Disability Access
1
$2,499
Pinnacle Bluffs
800 Pinnacle Path Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Fireplace
1
$1,084 - 1,484
Ohana Apartments
2040 Prairie Rose Dr Mankato, MN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Disability Access
1
$1,024
Parkway Apartments
101 Parkway Ave Mankato, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$1,850
House For Rent
425 Commodore Dr Mankato, MN
5 BR | Available Now
Contact
House
0
$1,074 - 1,174
Southwood Flats
504 James Ave Mankato, MN
1 BR | Dec. 8, 2025
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$2,700
Bridge Plaza Apartments
201 N Riverfront Dr Mankato, MN
2 BR | Available Now
Contact
Dishwasher
13
$1,829
James Place
324 James Ave Mankato, MN
4 BR | Available Now
Contact
Storage
Disability Access
Dishwasher
11
$1,100
429 State St Unit 102
Mankato, MN
2 BR | Available Now
Contact
Dishwasher
10
$1,100
604 N 2Nd St Unit 3
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
50
$1,925
221 Prairie Rose Dr Unit 221
Mankato, MN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
9
$1,075
408 State St Unit 101
Mankato, MN
2 BR | Dec. 15, 2025
Contact
16
$1,650
133 Tanager Path
Mankato, MN
3 BR | Jan. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
8
$1,695
Old Town Holdings, Llc (axis)
1247 Range St Mankato, MN
1 BR | Available Now
Contact
Dishwasher
1
$1,350 - 1,600
Augusta Park Estates (c)
1690 Premier Dr Mankato, MN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
24
$1,575
125 Roosevelt Cir Unit 208
Mankato, MN
2 BR | Dec. 15, 2025
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
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
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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 20 one-bedroom apartments under $500 available for rent in Mankato.

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

Rentable.co has 37 two-bedroom apartments under $500 available for rent in Mankato.

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

Welcome to the December 2025 Mankato Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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 >$1,700

Available Apartments Under $500: Mankato vs. Surrounding Areas

In December 2025, 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 December M/M % Change
Mankato, MN 2 +1.18%
Winnebago, MN 1 +1.0%
New Ulm, MN 1 +1.0%
Kasota, MN 0 +1.5%
Waterville, MN 0 +1.5%

Looking for Apartments Under $500 in Mankato?

Available apartments under $500 249
Top amenities Microwave, Cable Ready, High Speed Internet, Secured Entry, Student
Pet friendly 9
Utilities included 7
3 Bedroom 3
4 Bedroom 2
5 Bedroom 4
Square footage 830 - 1,393
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