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

There are 4 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 8 <a href='/mankato-mn/1-bedroom-apartments-for-rent' >one-bedroom</a> apartments under $500 available for rent in Mankato.

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

Rentable.co has 2 <a href='/mankato-mn/2-bedroom-apartments-for-rent' >two-bedroom</a> 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 $19,000.

Apartments Under $500 in Mankato, MN

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

Welcome to the June 2026 Mankato Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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.

Available Apartments Under $500: Mankato vs. Surrounding Areas

In June 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 June	M/M % Change
Le Sueur, MN	2	+1.0%
Mankato, MN	1	+1.0%
Winnebago, MN	1	+1.0%
Kasota, MN	1	-1.0%
New Ulm, MN	0	+1.67%

Looking for Apartments Under $500 in Mankato?

Available apartments under $500	71
Top amenities	Air Conditioning, Cable Ready, High Speed Internet, Secured Entry, 24 Hour Maintenance
Pet friendly	10
Utilities included	7
1 Bedroom	2
3 Bedroom	3
5 Bedroom	5
Square footage	830 - 2,460