2 Days Ago
Highlights
- On-site laundry
- Off-street parking
- Heat included
Location
140 Homestead Rd, Mankato, MN 56001, USA
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Property Overview
Homestead Apartments offers valuable features such as on-site laundry, off-street parking, and included heat. With 21 photos available for potential renters, it provides a comprehensive look at the property. Additionally, it ranks in the 85.71 percentile for value, indicating strong market competitiveness.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “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- Images Available
- Laundry available on site
Great for
Social life
Floor plans
| 1 Bedroom - Income Restrictions Apply | 1 bed | 1 bath | 654 sqft | $840 /mo | |||
| Two Bedroom - Tax Credit | 2 bed | 1 bath | 880 sqft | $998 /mo |
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Amenities for Homestead Apartments
Apartment Amenities
| Air Conditioning | Bathtub |
| Carpet | Dining Room |
| Freezer | Heat Included |
| Large Closets | Living Room |
| No Pets Allowed | Recently Renovated |
| Sewer Included | Walk-in Closet |
| Water Included |
Appliances
| Range/Oven | Refrigerator |
Tech
| Cable Ready | High-Speed Internet |
Building
| Controlled Access | Onsite Laundry |
Grounds
| Off-Street Parking | Outdoor Space |
| Playground | Smoke Free Community |
| Storage |
Services
| Income Restricted | On-Site Maintenance |
| Trash Removal Included |
Neighborhood
| On Bus Line |
Other
| Online Payments |
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
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 140 |
|---|
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About Homestead Apartments
Homestead Apartments is a Mankato Apartment located at 140 Homestead Rd. The property features 1 - 2 BR rental units available starting at $840. Amenities include On-Site Laundry. Heat Included, Water Included, Trash Removal Included, and Sewer Included included. Off-Street Parking parking available. Contact us for a showing.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.2
/10
Very GoodWith a solid 8.2 out of 10 overall, Homestead Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Homestead Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, Homestead Apartments is a great option for renters looking for apartments in this neighborhood. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Homestead Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Homestead Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Homestead Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Homestead Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Homestead Apartments is great for:
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 Homestead Apartments compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- 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
- Walk-in closet
- More closet space on average
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in Mankato
1-bedroom apartments here are priced 27% lower than 1-bedrooms in Mankato.
If you decide to upgrade your space, you can expect 2-bedrooms at Homestead Apartments to be 31% less than the average for similarly sized apartments in Mankato.
Median rents as of Feb 21 2026.
Mankato
| Month | Median Rent |
|---|---|
| March 2024 | $901 |
| April 2024 | $815 |
| May 2024 | $840 |
| June 2024 | $877 |
| July 2024 | $1,024 |
| August 2024 | $1,028 |
| September 2024 | $1,040 |
| October 2024 | $1,039 |
| November 2024 | $1,042 |
| December 2024 | $1,053 |
| January 2025 | $1,103 |
| February 2025 | $1,049 |
| March 2025 | $1,059 |
| April 2025 | $1,051 |
| May 2025 | $934 |
| June 2025 | $707 |
| July 2025 | $831 |
| August 2025 | $905 |
| September 2025 | $890 |
| October 2025 | $1,057 |
| November 2025 | $1,078 |
| December 2025 | $1,080 |
| January 2026 | $1,084 |
| February 2026 | $1,084 |
Affordability calculator
Can I afford to live at 140 Homestead Rd?
Bedrooms
Rent-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
$33,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $33,600 annually to afford this 1-bedroom monthly rent price of $840.
For more information on rent affordability, visit our rent calculator.
Schools near Homestead Apartments
Mankato Area Public Schools Special Education
10 civic center plaza suite
mankato, MN, 56001
PK, K-12Public
Prairie Care Mankato
120 e main st
mankato, MN, 56001
K-12Public
Kennedy Elementary School
2600 e main st
mankato, MN, 56001
PK, K-5Public
B+
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 Homestead Apartments
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Mankato near 140 Homestead Rd
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Points of interest for 140 Homestead Rd, Mankato
Groceries
4/10
The nearest general grocery store is within a 15-to-20 minute walk.
Shopping
4/10
Some fashion stores are within walking distance.
Cafes
4/10
The closest café is within a 15-minute walk, and there are a few other cafés within walking distance.
Restaurants
5/10
Some restaurants are within walking distance.
Primary schools
2/10
The closest elementary school is within a 20-to-30-minute walk.
High schools
1/10
There are no high schools within a 30-minute walk.
Nightlife
3/10
The closest bar is within a 15-minute walk, and there are a few other bars within walking distance.
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