1. Atlas Home
2. Minnesota
3. City of Mankato
Rentometer Atlas BETA

Mankato’s rental market blends historic charm with a vibrant, student‑driven energy, making it an appealing destination for both young professionals and families. The city’s core neighborhoods—such as Downtown, Riverfront, and the thriving West Hall district—offer walkable access to dining, boutique shops, and cultural venues like the Orpheum Theatre. Proximity to Minnesota State University, Mankato, and the scenic Minnesota River adds to the area’s dynamic lifestyle, supporting a steady demand for diverse housing options.

Apartment rentals in Mankato cater to a range of needs, from compact studios that typically sit in the $1100 range to spacious four‑plus bedroom units approaching the $1800 range. One‑bedroom apartments are commonly found in the $1200 range, while two‑bedroom and three‑bedroom options often hover around $1400 and $1500 respectively. These varied offerings make the city attractive for students, couples, and growing households alike.

For those seeking the space and privacy of a house, Mankato presents competitive pricing, with two‑bedroom homes generally priced in the $1300 range, three‑bedroom houses around $1500, and larger four‑plus bedroom properties also nearing the $1800 range. Neighborhoods like North Mankato and the historic West Side provide family‑friendly environments, excellent schools, and easy access to parks and recreational trails, ensuring a well‑rounded rental experience throughout the city.

Mankato Rent by Property Type & Bedroom Count

In the current period, the average rent in Mankato was $1,096 for Studio, $1,198 for 1 Bedroom, $1,393 for 2 Bedroom, $1,555 for 3 Bedroom, and $1,722 for 4+ Bedroom.

Data provided by Rentometer, Inc.