Bedroom count
Property type
Last updated on September 3, 2026
Average rent in
Mankato, MN
Average rent in
Last updated on September 3, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Mankato, MN rent slipped 4.2% year over year, with a current median of $1,350/month. Renters today are paying $81 less per month on average than last year, despite a 1.2% month-over-month increase in August 2026.
Compared to national trends
Mankato sits 29.3% more affordable than the $1,910/month national median, offering a smaller market with 98 total rentals but accessible pricing for renters.
Rent ranges by bedroom
Studios in Mankato run around $1,025/month, 1-bedrooms around $1,075/month, 2-bedrooms at $1,322/month, 3-bedrooms at $1,650/month, and 4+ bedrooms at $2,050/month. Apartments make up 65% of rentals, showing the prominence of smaller units.
Median rent
Median rent in Mankato
$1,350/mo
4%vs previous year
The average rent in Mankato is $1,350 per month as of August 2026. This is 29% below the national average rent, or $560 less per month.
average price per square foot
Total rentals
Available rentals in Mankato
98
for rent on Zumper.com as of August 2026
Rent price distribution
Share of Mankato rentals at each price point
Rent trends in Mankato, MN
Average rent prices in Mankato have increased by 1% over the last month and have decreased by 4% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Mankato, MN
Rent prices in Mankato vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Mankato is $1,250, whereas a house costs $1,745. 1-bedroom apartments in Mankato run $1,250 on average, while 2-bedroom apartments are $1,227.
Listings | ||||
|---|---|---|---|---|
Studio | $1,025 | 7% |  11% | |
1 bedroom | $1,075 | No Change | 14% | |
2 bedroom | $1,322 | 6% | 5% | |
3 bedroom | $1,650 | 1% | 4% | |
4 bedroom | $2,050 | 1% | 3% |
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Mankato, MN.
Listings | ||||
|---|---|---|---|---|
Apartments | $1,250 | 1% | No Change | |
Condos | $1,425 | 1% | No Change | |
Houses | $1,745 | No Change | No Change | |
Rooms | $600 | No Change | - |
Studio
Average rent
$1,025
Last 30 days
7%
Last year
11%
1 bedroom
Average rent
$1,075
Last 30 days
No Change
Last year
14%
2 bedroom
Average rent
$1,322
Last 30 days
6%
Last year
5%
3 bedroom
Average rent
$1,650
Last 30 days
1%
Last year
4%
4 bedroom
Average rent
$2,050
Last 30 days
1%
Last year
3%
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Mankato, MN.
Apartments
Average rent
$1,250
Last 30 days
1%
Condos
Average rent
$1,425
Last 30 days
1%
Houses
Average rent
$1,745
Last 30 days
No Change
Rooms
Average rent
$600
The table above reflects average rent prices in Mankato, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
How does rent in Mankato, MN compare to other cities?
Compare median rent prices in Mankato and Bloomington by all bedroom counts and property types.
Mankato
29%lower than the national median
17%lower than the national median
Takeaway
The median rent for all rentals in Mankato, MN is 15% lower than the median rent in Bloomington, MN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,589
4%$1,642
5%$1,600
3%$1,675
31%$1,739
2%$1,749
14%$1,418
6%$1,495
4%$1,300
2%$1,867
3%$1,265
7%$1,549
1%Cost of living in Mankato, MN
Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.
Expenses accrued by most renters | Average cost compared to national average |
|---|---|
| Goods & Services | No difference |
| Groceries | 1% higher |
| Health | 7% higher |
| Housing | 20% lower |
| Transportation | 3% lower |
| Utilities | 5% lower |
Discover rentals in Mankato, MN
15h ago
517 S Broad St, Mankato, MN 56001
1 bed
1 bath
$465
Apartment for rent
2d ago
311 Bunting Ln, Mankato, MN 56001
1–3 beds
1 bath
$500 –$1,500
Apartment for rent
5d+ ago
Apartment for rent in Mankato
426 N 5th St #1, Mankato, MN 56001
2 beds
1 bath
$900
Apartment for rent
Available Oct 1
5d+ ago
Apartment for rent in Mankato
604 N 2nd St #4, Mankato, MN 56001
2 beds
1 bath
$925
Apartment for rent
Available Aug 1
19h ago
201 N Riverfront Dr, Mankato, MN 56001
2 beds
2 baths
$4,000
Apartment for rent
2d ago
1050 Marsh St, Mankato, MN 56001
1–3 beds
1–2 baths
$1,525–$2,360
Apartment for rent
5d+ ago
Townhouse for rent in Mankato
350 Trestle Trl #350, Mankato, MN 56001
2 beds
1.5 baths
$1,900
House for rent
Available Oct 1
5d+ ago
Townhouse for rent in Mankato
341 Trestle Trl, Mankato, MN 56001
2 beds
2.5 baths
$1,900
House for rent
Available Oct 1
2d ago
Townhouse for rent in Mankato
4 beds
2.5 baths
$2,050
House for rent
5d+ ago
117 E Cherry St, Mankato, MN 56001
3 beds
1 bath
$1,640
Apartment for rent
5d+ ago
Townhouse for rent in Mankato
2 beds
2.5 baths
$1,750
House for rent
5d+ ago
Townhouse for rent in Mankato
2 beds
2.5 baths
$1,750
House for rent
2d ago
Townhouse for rent in Mankato
4 beds
2.5 baths
$2,050
House for rent
5d+ ago
117 E Cherry St, Mankato, MN 56001
3 beds
1 bath
$1,640
Apartment for rent
12h ago
224 James Ave, Mankato, MN 56001
4 beds
2 baths
$1,979
Apartment for rent
1d ago
504 James Ave, Mankato, MN 56001
1–2 beds
1 bath
$1,004–$1,204
Apartment for rent
3h ago
102 S 5th St, Mankato, MN 56001
1 bed
1 bath
$685
Apartment for rent
6h ago
931 Madison Ave, Mankato, MN 56001
1 bed
1 bath
$1,250
Apartment for rent
15h ago
517 S Broad St, Mankato, MN 56001
1 bed
1 bath
$465
Apartment for rent
1d ago
101 Parkway Ave, Mankato, MN 56001
1–2 beds
1 bath
$974–$1,074
Apartment for rent
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Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.
Frequently asked questions for Mankato, MN
Quick answers to common questions about the Mankato rental market.
How much is rent in Mankato?
The average rent in Mankato is $1,350 per month as of August 29, 2026.
Is rent up or down in Mankato?
Average rent prices in Mankato have increased by 1% over the last month and have decreased by 4% since last year.
How does Mankato rent compare to the national average?
Rent in Mankato is 29% below the national average, which means renters are paying approximately $560 less per month.
What salary do I need to afford rent in Mankato?
To comfortably afford rent in Mankato, you'd need to earn approximately $54,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Mankato?
June offers the best rental deals in Mankato, with rents running about 17% lower than November, which sees the highest prices of the year.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).