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Cherry Square Apartments is highly rated, with an overall expert rating of 8.8, a price rating of 10, and an amenities rating of 10, indicating exceptional value and a prime standard of living. Its prime location near schools, parks, and numerous local attractions enhances the appeal, especially for those interested in a vibrant social life or remote work options. Notable features include unique layouts, off-street parking, and elevator access, adding to the overall desirability of the property.
Things you’ll love
High school nearbyLess expensiveMiddle school nearbyGreat for
Social life
Work-from-home| 1BR/1.0BA | 1 bed | 1 bath | $1,025–$1,075 /mo | 3 units available | Free month if you sign a 12 month lease in December. Welcome to Cherry Square Apartments in Mankato, MN! This remodeled 1 bedroom, 1 bathroom unit, In the Heart of the Entertainment District, offers convenience and comfort. Located within walking distance to food and entertainment options, as well as close to the MNSU campus, you'll love the prime location. Elevator access and a security building provide peace of mind, while off-street parking makes coming home a breeze. Enjoy high-speed internet, A/C units, and ceiling fans for added comfort. The unit features new flooring with easy-care vinyl plank, new cabinets, a microwave, oven/stove, and access to on-site washer/dryer. All utilities are included except electric, making budgeting a breeze. Don't miss out on this fantastic opportunity to call Cherry Square Apartments home! Tenants pay electric (including heat). Landlord pays water/sewer/garbage, internet and basic cable. One pet (cat or small dog under 20 pounds) considered with additional deposit and monthly pet fee. 12 month lease. Background and credit check, and rental references required, application fee per adult tenant. Equal Opportunity Housing. | ||
| 2BR/1.0BA | 2 bed | 1 bath | $1,295 /mo | 2 units available | Cherry Square is located in the heart of downtown Mankato and now accepting applications for upcoming units. This two bedroom, one bath apartment has been fully remodeled. Complete with new paint, vinyl flooring, kitchen cabinets, fixtures, and granite countertops, new bathroom vanities, shower surrounds and fixtures, along with new heaters, lighting and ceiling fans in all units. The units are turning out beautiful and eagerly awaiting new tenants. Security building with elevator access and assigned parking. There are several unique layouts in this building, pictures are representative of work being completed in units. The exterior of this building will be fully renovated in the coming months. Under new ownership and management! Tenants pay electric (including heat). Landlord pays water/sewer/garbage, internet and basic cable. Monthly rent is $1200, Security Deposit is $1200. One pet (cat or small dog under 20 pounds) considered with additional deposit and monthly pet fee. 12 month lease preferred, but would consider 6 or 9 month option. Background and credit check, and rental references required, application fee per adult tenant. Equal Opportunity Housing. |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Ceiling Fan |
| Elevator Access | Granite Countertops |
| Individual Water Heaters | New Paint |
| Remodeled Unit | Utilities Included |
Tech
| Basic Cable Included | Internet Included |
Grounds
| Assigned Parking |
Services
| Security Building |
Neighborhood
| Near Downtown |
One-time.
One-time. Refundable.
Assigned Parking
Questions about this property’s policies and fees?
| Units | 37 |
|---|
Free month if you sign a 12 month lease in December. Welcome to Cherry Square Apartments in Mankato, MN! This remodeled 1 bedroom, 1 bathroom unit, In the Heart of the Entertainment District, offers convenience and comfort. Located within walking distance to food and entertainment options, as well as close to the MNSU campus, you'll love the prime location. Elevator access and a security building provide peace of mind, while off-street parking makes coming home a breeze. Enjoy high-speed internet, A/C units, and ceiling fans for added comfort. The unit features new flooring with easy-care vinyl plank, new cabinets, a microwave, oven/stove, and access to on-site washer/dryer. All utilities are included except electric, making budgeting a breeze. Don't miss out on this fantastic opportunity to call Cherry Square Apartments home! Tenants pay electric (including heat). Landlord pays water/sewer/garbage, internet and basic cable. One pet (cat or small dog under 20 pounds) considered with additional deposit and monthly pet fee. 12 month lease. Background and credit check, and rental references required, application fee per adult tenant. Equal Opportunity Housing.
Showing 2 highest rated
New management company took over; already improvements have been made.
Casey Lenort
Dec 23, 2021
Super nice units / building updates and fast maintenance requests. The only downside are the energy bills. High energy bills in the summer and winter. $100-200 in the summer and $300 in the winter?? I’ve never paid more than $80 and i live alone it makes no sense. Definitely try for a 3rd floor unit as the units are off the ground
Isabel Ybarra
Aug 30, 2022
We’re sharing just 2 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
How Cherry Square Apartments compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 17% lower than 1-bedrooms in Mankato.
If you decide to upgrade your space, you can expect 2-bedrooms at Cherry Square Apartments to be 20% less than the average for similarly sized apartments in Mankato.
| Month | Median Rent |
|---|---|
| December 2023 | $995 |
| January 2024 | $995 |
| February 2024 | $990 |
| March 2024 | $912 |
| 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 | $1,084 |
Can I afford to live at 500 South 2nd Street?
Bedrooms
Rent-to-income ratio
30%
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