Average Rent in Mankato, MN and Rent Price Trends

Rent price trends in
Mankato, MN

Rent price trends

Rent prices for all bedroom counts and property types in Mankato, MN have decreased by 2% in the last month and have increased by 4% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Mankato, MN
The monthly rent for an apartment in Mankato, MN is $1,650. A 1-bedroom apartment in Mankato, MN costs about $1,234 on average, while a 2-bedroom apartment is $1,650. Houses for rent in Mankato, MN are more expensive, with an average monthly cost of $1,695.


1 bedroom	$1,219	4%	3%
2 bedroom	$1,575	1%	5%
3 bedroom	$1,625	2%	1%
4 bedroom	$2,745	1%	12%
Studio	$900	7%	11%


Apartments	$1,650	1%	No Change
Condos	$1,497	2%	No Change
Houses	$1,695	1%	No Change

Studio

Average rent

$900

Last 30 days

Last year

11%

1 bedroom

Average rent

$1,219

Last 30 days

Last year

2 bedroom

Average rent

$1,575

Last 30 days

Last year

3 bedroom

Average rent

$1,625

Last 30 days

Last year

4 bedroom

Average rent

$2,745

Last 30 days

Last year

12%

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.

Compare rent prices in Mankato, MN to other cities

Median rent prices in Mankato, MN for all bedroom counts and property types compared to Bloomington, MN.

Mankato

Median rent price$1,580

17%

lower than the national median

Median rent price$1,510

21%

lower than the national median

Takeaway

The median rent for all rentals in Mankato, MN is 5% higher than the median rent in Bloomington, MN.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Bloomington

$1,510

Last year

Burnsville

$1,555

Last year

Eagan

$1,594

Last year

Eagle Lake

$1,450

Last year

Eden Prairie

$1,636

Last year

Edina

$1,682

12%

Last year

Hopkins

$1,317

Last year

Minneapolis

$1,495

Last year

North Mankato

$1,495

Flat

Last year

Plymouth

$1,853

Last year

Saint Peter

$1,482

15%

Last year

St Louis Park

$1,599

Last year

Cost of living in
Mankato, MN

The overall cost of living in Mankato, MN is 5% lower than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.