Updated 5+ Days Ago
Highlights
- Shared laundry facilities
- Overflow off street parking
- Gas/heat included
Location
501 N 5th St #1-2, Mankato, MN 56001, USA
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Property Overview
Shared laundry, overflow off-street parking, and gas/heat included add everyday convenience, while nearby top-rated elementary and middle schools and 17 photos help round out the listing. Strong value for money, walkability, public transit access, outdoor spaces, nearby parks, dining and entertainment, plus fitness, pet, and work-from-home conveniences all contribute to its broad appeal.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Middle school nearby
- Elementary school nearby
Great for
Work-from-home
Eco living
Social life
Amenities for 501 N 5th St #1-2
Apartment Amenities
| Air Conditioning | Deck |
Appliances
| Dishwasher |
Building
| Cats OK | Onsite Laundry |
Grounds
| Assigned Parking | Garage Parking |
| Outdoor Space |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Not allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 501 N 5th St #1-2
Duplex home with upper level 2 bedroom, 1 bath unit available. Separate side entrance & stairs. Unit has 2 large bedrooms, full bathroom and eat in kitchen. Living room overlooks front yard & downtown Mankato. Shared laundry facilities in the back of home. Shared patio out back with nice sized yard, sidewalk to garage (each unit gets 1 garage space) and overflow off street parking. Street parking for guests out front. Small deck off side of the unit as well. Wide trim & charm of older well cared for property. Tenants pay electric, cable/internet and flat fee for water/sewer/trash. Boiler heat, wall/window ac (2 provided). Gas/Heat is included. Quiet centrally located property. Zoned for no more than 2 un-related occupants. Cat is permitted with additional non refundable fee & monthly pet rent, and no dogs are permitted. Application & background check required. *This property does not participate in Section 8*
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 501 North 5th Street, Mankato, MN 56001, US compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.3 mile away
- Elementary school nearby
- There is an elementary school 0.3 mile away
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Outdoor space
- Easy access to the outdoors
Address details
| Zip code | 56001 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Mankato
2-bedroom apartments at 501 N 5th St #1-2 cost about 18% less than the average rent price for 2-bedroom apartments in Mankato.
Median rents as of Jul 25 2026.
Mankato
| Month | Median Rent |
|---|---|
| August 2024 | $1,321 |
| September 2024 | $1,334 |
| October 2024 | $1,364 |
| November 2024 | $1,377 |
| December 2024 | $1,355 |
| January 2025 | $1,338 |
| February 2025 | $1,323 |
| March 2025 | $1,355 |
| April 2025 | $1,367 |
| May 2025 | $1,362 |
| June 2025 | $1,403 |
| July 2025 | $1,421 |
| August 2025 | $1,473 |
| September 2025 | $1,447 |
| October 2025 | $1,468 |
| November 2025 | $1,604 |
| December 2025 | $1,587 |
| January 2026 | $1,569 |
| February 2026 | $1,448 |
| March 2026 | $1,393 |
| April 2026 | $1,397 |
| May 2026 | $1,389 |
| June 2026 | $1,381 |
| July 2026 | $1,346 |
Affordability calculator
Can I afford to live at 501 N 5th St #1-2?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$43,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $43,800 annually to afford this 2-bedrooms monthly rent price of $1,095.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 7 years ago | $950 | 2 bed | 1 bath |
Schools near 501 N 5th St #1-2
Prairie Care Mankato
120 e main st
mankato, MN, 56001
K-12Public
Franklin Elementary School
1000 n broad st
mankato, MN, 56001
PK, K-5Public
A
Mankato Area Public Schools Special Education
10 civic center plaza suite
mankato, MN, 56001
PK, K-12Public
Bridges Community Elementary School
320 garfield ave
north mankato, MN, 56003
K-5Public
A
Futures Program
1610 commerce dr
north mankato, MN, 56003
K-12Public
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Internet available near 501 N 5th St #1-2
Neighborhood
Getting around Mankato near 501 N 5th St #1-2
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 501 N 5th St #1-2, Mankato
Groceries
6/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
6/10
Variety of shops within a short drive
Cafes
4/10
Variety of cafés within a short drive
Restaurants
6/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
Other units at this address
501 North 5th Street, Mankato, MN
501 North 5th Street Mankato, MN
Occupied
1/2
2 Beds
1 Bath
$790
Assigned Parking • Air Conditioning • On-Site Laundry • Ceiling Fan • Hardwood Floor • Balcony
Occupied
2 Beds, 1 Bath
2 Beds
1 Bath
$950
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