Bedroom count
Property type
Last updated on May 31, 2026
Average rent in
Mankato, MN
Average rent in
Last updated on May 31, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Mankato, MN rent rose 7.6% year over year, with a current median of $1,484/month. Despite this rise, rent slipped 3.2% month over month. The city remains below its peak rent of $1,650/month reached in December 2025.
Compared to national trends
Mankato is 23.9% more affordable than the $1,950/month national median, making it a more accessible market for renters seeking value in the Midwest.
Rent ranges by bedroom
Studio rents in Mankato are $1,025/month, 1-bedrooms are $995/month, and 2-bedrooms are $1,384/month. Larger units include 3-bedrooms at $1,745/month and 4+ bedrooms at $1,995/month, providing options for different household sizes.
Median rent
Median rent in Mankato
$1,484/mo
8%vs previous year
The average rent in Mankato is $1,484 per month as of May 2026. This is 24% below the national average rent, or $466 less per month.
average price per square foot
Total rentals
Available rentals in Mankato
105
for rent on Zumper.com as of May 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 3% over the last month and have increased by 8% 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 $1,305, whereas a house costs $1,950. 1-bedroom apartments in Mankato run $995 on average, while 2-bedroom apartments are $1,285.
Listings | ||||
|---|---|---|---|---|
Studio | $1,025 |  10% | 20% | |
1 bedroom | $995 | 4% | 7% | |
2 bedroom | $1,384 | 2% | No Change | |
3 bedroom | $1,745 | 1% | 2% | |
4 bedroom | $1,995 | No Change | 7% |
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 | $1,305 | 3% | No Change | |
Condos | $1,450 | 8% | 13% | |
Houses | $1,950 | No Change | No Change |
Studio
Average rent
$1,025
Last 30 days
10%
Last year
20%
1 bedroom
Average rent
$995
Last 30 days
4%
Last year
7%
2 bedroom
Average rent
$1,384
Last 30 days
2%
Last year
No Change
3 bedroom
Average rent
$1,745
Last 30 days
1%
Last year
2%
4 bedroom
Average rent
$1,995
Last 30 days
No Change
Last year
7%
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
$1,305
Last 30 days
3%
Condos
Average rent
$1,450
Last 30 days
8%
Last year
13%
Houses
Average rent
$1,950
Last 30 days
No Change
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
24%lower than the national median
18%lower than the national median
Takeaway
The median rent for all rentals in Mankato, MN is 7% lower than the median rent in Bloomington, MN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,595
14%$1,675
$1,595
2%$1,627
13%$1,850
14%$1,799
$1,295
20%$1,499
7%$1,395
7%$1,987
8%$1,250
5%$1,587
4%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 | 4% higher |
| Health | 10% higher |
| Housing | 21% lower |
| Transportation | 4% lower |
| Utilities | 3% higher |
Discover rentals in Mankato, MN
4d ago
Apartment for rent in Mankato
517 S Broad St #6, Mankato, MN 56001
1 bed
0 baths
$485
Apartment for rent
Available Aug 1
5d+ ago
Apartment for rent in Mankato
517 S Broad St #7, Mankato, MN 56001
1 bed
0 baths
$485
Apartment for rent
Available Jun 1
2d ago
311 Bunting Ln, Mankato, MN 56001
1–3 beds
1–2 baths
$500–$1,500
Apartment for rent
2d ago
224 Carroll St, Mankato, MN 56001
2 beds
1 bath
$1,024
Apartment for rent
5d+ ago
Apartment for rent in Mankato
201 N Riverfront Dr, Mankato, MN 56001
2 beds
2 baths
$3,725
Apartment for rent
4d ago
800 Pinnacle Path, Mankato, MN 56001
2 beds
2 baths
$2,499
Apartment for rent
5d+ ago
Townhouse for rent in Mankato
3104 Bassett Dr #1, Mankato, MN 56001
3 beds
2 baths
$2,495
House for rent
Available May 1
2d ago
1050 Marsh St, Mankato, MN 56001
1–3 beds
1–2 baths
$1,525–$2,360
Apartment for rent
1d ago
224 James Ave, Mankato, MN 56001
4–5 beds
2 baths
$1,724–$1,979
Apartment for rent
2d ago
103 Everglades Trl, Mankato, MN 56001
2–3 beds
2 baths
$1,995–$2,095
House for rent
1d ago
322 E Walnut St, Mankato, MN 56001
3 beds
1 bath
$1,224
Apartment for rent
1d ago
Apartment for rent in Mankato
121 W Lind St #2, Mankato, MN 56001
2 beds
1 bath
$1,145
Apartment for rent
Available Jul 1
1d ago
224 James Ave, Mankato, MN 56001
4–5 beds
2 baths
$1,724–$1,979
Apartment for rent
1d ago
100 Bunting Ln, Mankato, MN 56001
2 beds
2 baths
$1,200
Apartment for rent
1d ago
101 Parkway Ave, Mankato, MN 56001
Studio–2 beds
1 bath
$874–$1,074
Apartment for rent
2d ago
324 James Ave, Mankato, MN 56001
4 beds
2 baths
$1,829
Apartment for rent
1d ago
224 James Ave, Mankato, MN 56001
5 beds
2 baths
$1,724
Apartment for rent
1d ago
328 N 6th St, Mankato, MN 56001
3 beds
1 bath
$1,245
Apartment for rent
1d ago
322 E Walnut St, Mankato, MN 56001
3 beds
1 bath
$1,224
Apartment for rent
1d ago
100 Bunting Ln, Mankato, MN 56001
2 beds
2 baths
$1,200
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 $1,484 per month as of May 30, 2026.
Is rent up or down in Mankato?
Average rent prices in Mankato have decreased by 3% over the last month and have increased by 8% since last year.
How does Mankato rent compare to the national average?
Rent in Mankato is 24% below the national average, which means renters are paying approximately $466 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 $59,000/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).