Bedroom count
Property type
Last updated on July 16, 2026
Average rent in
Mankato, MN
Average rent in
Last updated on July 16, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Mankato, MN rent slipped modestly year over year, with a current median of $1,425/month, $44 less than last year. Month over month, rent cooled 7.4%, indicating a recent downward trend separate from the annual change.
Compared to national trends
Mankato sits 26.9% more affordable than the $1,950/month national median, offering a smaller market with 101 total rentals and a mix of apartments, condos, and houses.
Price ranges
Studios in Mankato rent for $900/month, 1-bedrooms for $1,215/month, 2-bedrooms for $1,334/month, 3-bedrooms for $1,705/month, and 4+ bedrooms for $1,998/month. These figures show the range renters can expect by bedroom count.
Median rent
Median rent in Mankato
$1,425/mo
1%vs previous year
The average rent in Mankato is $1,425 per month as of July 2026. This is 27% below the national average rent, or $525 less per month.
average price per square foot
Total rentals
Available rentals in Mankato
101
for rent on Zumper.com as of July 2026
Rent price distribution
Share of Mankato rentals at each price point
Rent trends in Mankato, MN
Average rent prices in Mankato have decreased by 7% over the last month and have decreased by 1% 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 $1,300, whereas a house costs $1,750. 1-bedroom apartments in Mankato run $1,250 on average, while 2-bedroom apartments are $1,289.
Listings | ||||
|---|---|---|---|---|
Studio | $900 | No Change |  33% | |
1 bedroom | $1,215 | 2% | 9% | |
2 bedroom | $1,334 | 3% | 6% | |
3 bedroom | $1,705 | 2% | 6% | |
4 bedroom | $1,997 | 2% | 5% |
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 | $1,300 | 4% | No Change | |
Condos | $1,437 | 3% | 1% | |
Houses | $1,750 | 5% | No Change |
Studio
Average rent
$900
Last 30 days
No Change
Last year
33%
1 bedroom
Average rent
$1,215
Last 30 days
2%
Last year
9%
2 bedroom
Average rent
$1,334
Last 30 days
3%
Last year
6%
3 bedroom
Average rent
$1,705
Last 30 days
2%
Last year
6%
4 bedroom
Average rent
$1,997
Last 30 days
2%
Last year
5%
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
$1,300
Last 30 days
4%
Condos
Average rent
$1,437
Last 30 days
3%
Last year
1%
Houses
Average rent
$1,750
Last 30 days
5%
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
27%lower than the national median
18%lower than the national median
Takeaway
The median rent for all rentals in Mankato, MN is 11% lower than the median rent in Bloomington, MN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,595
9%$1,635
1%$1,599
3%$1,362
19%$1,783
5%$1,784
2%$1,396
4%$1,495
4%$1,395
1%$1,985
1%$1,325
3%$1,595
2%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
9h ago
311 Bunting Ln, Mankato, MN 56001
1–3 beds
1 bath
$500–$1,500
Apartment for rent
1d ago
535 N 4th St, Mankato, MN 56001
2 beds
1 bath
$905
Apartment for rent
5d+ ago
Apartment for rent in Mankato
604 N 2nd St #2, Mankato, MN 56001
2 beds
1 bath
$975
Apartment for rent
Available Jul 1
2d ago
525 S Broad St, Mankato, MN 56001
2 beds
1 bath
$985
Apartment for rent
5d+ ago
Condo for rent in Mankato
3 beds
3 baths
$2,300
Condo for rent
Available Aug 17
5d+ ago
Apartment for rent in Mankato
3200 Noble Dr #3200, Mankato, MN 56001
3 beds
2.5 baths
$2,200
Apartment for rent
Available Apr 15
1d ago
103 Everglades Trl, Mankato, MN 56001
2–3 beds
2 baths
$1,725–$1,850
House for rent
5d+ ago
Condo for rent in Mankato
2 beds
1.5 baths
$1,850
Condo for rent
Available Oct 1
12h ago
Townhouse for rent in Mankato
4 beds
2.5 baths
$2,050
House for rent
1d ago
103 Everglades Trl, Mankato, MN 56001
2–3 beds
2 baths
$1,725–$1,850
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
117 E Cherry St, Mankato, MN 56001
3 beds
1 bath
$1,640
Apartment for rent
5d+ ago
224 James Ave, Mankato, MN 56001
4 beds
2 baths
$1,979
Apartment for rent
1d ago
500 S 2nd St, Mankato, MN 56001
1–2 beds
1 bath
$1,075–$1,295
Apartment for rent
2d ago
422 James Ave, Mankato, MN 56001
2 beds
1 bath
$1,229
Apartment for rent
5m ago
102 S 5th St, Mankato, MN 56001
1 bed
1 bath
$695
Apartment for rent
3h ago
931 Madison Ave, Mankato, MN 56001
1 bed
1 bath
$1,250
Apartment for rent
23h ago
Condo for rent in Mankato
3 beds
1 bath
$1,425
$1,350
Price drop
Condo for rent
Available Jul 15
1d ago
125 Heather Ln, Mankato, MN 56001
1 bed
1 bath
$874
Apartment for rent
Stay up to date with rental market insights
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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 $1,425 per month as of July 11, 2026.
Is rent up or down in Mankato?
Average rent prices in Mankato have decreased by 7% over the last month and have decreased by 1% since last year.
How does Mankato rent compare to the national average?
Rent in Mankato is 27% below the national average, which means renters are paying approximately $525 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 $57,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Mankato?
One-bedroom apartments in Mankato average around $1,200 per month in 2025, while two-bedroom units average around $1,500 per month. Both apartment types have experienced rent increases from the previous year, with two-bedrooms seeing more substantial growth.
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).