Rentometer, Inc. | Data as of 12/05/2025
North Mankato, Minnesota offers a diverse rental landscape that appeals to students, professionals, and families alike. The city’s close proximity to the Minnesota River, vibrant downtown district, and easy access to Minnesota State University’s River Campus make it a desirable location for those seeking a blend of small‑town charm and urban amenities. Residents enjoy a range of outdoor pursuits, from walking trails along the river to community events at the historic North Mankato Civic Center, reinforcing the area’s reputation as a welcoming and active community.
Apartment options in North Mankato cater to a variety of lifestyles, with one‑bedroom units typically priced in the $1100s and two‑bedroom apartments often found in the $1200 range. Larger three‑bedroom apartments command higher rates, generally in the $1700s, reflecting the spacious layouts and modern finishes that many renters appreciate. For those preferring a house, two‑bedroom homes are commonly listed in the $2500 range, while three‑bedroom houses often sit near the $1800 mark, offering ample space for growing families or home‑based work environments.
Beyond the numbers, North Mankato’s neighborhoods each have distinct character—from the historic homes near Main Street to the newer developments close to shopping centers and dining hotspots. The city’s well‑maintained parks, quality schools, and convenient transit options further enhance its rental appeal. Whether you’re searching for a cozy apartment near campus, a family‑friendly house in a quiet subdivision, or a vibrant community with easy commuting routes, North Mankato’s rental market provides flexible and attractive choices for a balanced Minnesota lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,163 | $1,175 | $895 - $1,500 | $999 - $1,250 |
| Apartment | 2 Bedroom | $1,223 | $1,200 | $975 - $1,570 | $1,050 - $1,400 |
| Apartment | 3 Bedroom | $1,710 | $1,875 | $1,025 - $1,950 | $1,800 - $1,900 |
| House | 2 Bedroom | $2,319 | $2,450 | $1,679 - $2,700 | $2,400 - $2,700 |
| House | 3 Bedroom | $1,728 | $1,800 | $895 - $2,600 | $1,395 - $1,950 |
In the current period, the average rent in North Mankato was $1,164 for 1 Bedroom, $1,516 for 2 Bedroom, $1,719 for 3 Bedroom, and $2,063 for 4+ Bedroom.
Data provided by Rentometer, Inc.