Bedroom count
Property type
Last updated on October 19, 2026
Average rent in
Mankato, MN
Average rent in
Last updated on October 19, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Mankato, MN rent slipped 2.7% year over year, with a current median of $1,395/month. Renters today are paying $162 less per month on average than last year despite a 6.4% month-over-month increase in October 2026.
Compared to national trends
Mankato is 26.6% more affordable than the $1,900/month national median. The city offers a smaller rental market with 89 total rentals, including apartments, condos, and houses.
Rent ranges by bedroom
Studio rents in Mankato are $998/month, 1-bedrooms $1,120/month, and 2-bedrooms $1,322/month. Larger units include 3-bedrooms at $1,660/month and 4+ bedrooms at $2,150/month, covering a broad spectrum of household needs.
Neighborhood spotlight
The 4+ bedroom segment in Mankato saw rents decline 21.5% year over year, contrasting with the citywide 2.7% decline. This divergence shows softness in larger unit rents compared to the overall market.
Median rent
Median rent in Mankato
$1,395/mo
3%vs previous year
The average rent in Mankato is $1,395 per month as of October 2026. This is 27% below the national average rent, or $505 less per month.
average price per square foot
Total rentals
Available rentals in Mankato
89
for rent on Zumper.com as of October 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 6% over the last month and have decreased by 3% 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 $1,302, whereas a house costs $1,800. 1-bedroom apartments in Mankato run $1,112 on average, while 2-bedroom apartments are $1,295.
Listings | ||||
|---|---|---|---|---|
Studio | $997 | 5% |  10% | |
1 bedroom | $1,120 | 1% | 1% | |
2 bedroom | $1,322 | 4% | 7% | |
3 bedroom | $1,659 | 4% | 1% | |
4 bedroom | $2,150 | 14% | 11% |
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 | $1,302 | 1% | 12% | |
Condos | $1,360 | 36% | 4% | |
Houses | $1,800 | 8% | 8% |
Studio
Average rent
$997
Last 30 days
5%
Last year
10%
1 bedroom
Average rent
$1,120
Last 30 days
1%
Last year
1%
2 bedroom
Average rent
$1,322
Last 30 days
4%
Last year
7%
3 bedroom
Average rent
$1,659
Last 30 days
4%
Last year
1%
4 bedroom
Average rent
$2,150
Last 30 days
14%
Last year
11%
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
$1,302
Last 30 days
1%
Last year
12%
Condos
Average rent
$1,360
Last 30 days
36%
Last year
4%
Houses
Average rent
$1,800
Last 30 days
8%
Last year
8%
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
15%lower than the national median
Takeaway
The median rent for all rentals in Mankato, MN is 14% lower than the median rent in Bloomington, MN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,616
9%$1,700
20%$1,599
1%$1,400
9%$1,792
6%$1,792
14%$1,477
11%$1,561
4%$1,375
8%$1,986
12%$1,300
2%$1,590
7%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 | 1% higher |
| Groceries | 1% higher |
| Health | 7% higher |
| Housing | 19% lower |
| Transportation | 3% lower |
| Utilities | 5% lower |
Discover rentals in Mankato, MN
4d ago
517 S Broad St, Mankato, MN 56001
1 bed
1 bath
$490
Apartment for rent
17h ago
311 Bunting Ln, Mankato, MN 56001
1–3 beds
1 bath
$500–$1,500
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Apartment for rent
4d ago
102 S 5th St, Mankato, MN 56001
1 bed
1 bath
$550–$650
Apartment for rent
5d+ ago
Apartment for rent in Mankato
426 N 5th St #1, Mankato, MN 56001
2 beds
1 bath
$850
Apartment for rent
Available Oct 1
5d+ ago
Townhouse for rent in Mankato
3112 Bassett Dr #1, Mankato, MN 56001
3 beds
2 baths
$2,495
House for rent
Available Dec 1
3d 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
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.House for rent
Available Nov 1
4d ago
1691 Premier Dr, Mankato, MN 56001
2 beds
2 baths
$1,899
Apartment for rent
2d ago
117 E Cherry St, Mankato, MN 56001
3 beds
1 bath
$1,640
Apartment for rent
3d 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
8h ago
201 Butterworth St, Mankato, MN 56001
1–3 beds
1 bath
$1,229–$1,669
Apartment for rent
1d ago
100 Bunting Ln, Mankato, MN 56001
2 beds
2 baths
$1,200
Apartment for rent
2d ago
101 Parkway Ave, Mankato, MN 56001
1 bed
1 bath
$974
Apartment for rent
2d ago
111 W Lind St, Mankato, MN 56001
2 beds
1 bath
$1,130
Apartment for rent
2d ago
202 James Ave, Mankato, MN 56001
5 beds
2 baths
$2,675
Apartment for rent
1d ago
100 Bunting Ln, Mankato, MN 56001
2 beds
2 baths
$1,200
Apartment for rent
1d ago
107 E Liberty St, Mankato, MN 56001
1 bed
1 bath
$850
Apartment for rent
2d ago
House for rent in Mankato
18148 568th Ave, Mankato, MN 56001
3 beds
2 baths
$1,800
Price dropped $200House for rent
Available Oct 16
2d ago
101 Parkway Ave, Mankato, MN 56001
1 bed
1 bath
$974
Apartment for rent
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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 $1,395 per month as of October 17, 2026.
Is rent up or down in Mankato?
Average rent prices in Mankato have increased by 6% over the last month and have decreased by 3% 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 $505 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 $56,000/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).