Average Rent in North Mankato, MN and Rent Price Trends

Rent trends in North Mankato, MN

Average rent prices in North Mankato have increased by 1% over the last month and have increased 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
North Mankato, MN

Rent prices in North Mankato vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in North Mankato is $1,265, whereas a house costs $2,100. 1-bedroom apartments in North Mankato run $1,265 on average, while 2-bedroom apartments are $1,128.


Studio	$1,095	No Change	-
1 bedroom	$1,265	2%	5%
2 bedroom	$1,150	2%	4%
3 bedroom	$1,675	6%	6%
4 bedroom	$2,080	No Change	17%


Apartments	$1,265	No Change	No Change
Condos	$1,150	15%	6%
Houses	$2,100	4%	No Change

Studio

Average rent

$1,095

1 bedroom

Average rent

$1,265

Last 30 days

Last year

2 bedroom

Average rent

$1,150

Last 30 days

Last year

3 bedroom

Average rent

$1,675

Last 30 days

Last year

4 bedroom

Average rent

$2,080

Last 30 days

No Change

Last year

17%

The table above reflects average rent prices in North 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 North Mankato, MN compare to other cities?

Compare median rent prices in North Mankato and Apple Valley by all bedroom counts and property types.

North Mankato

Median rent price$1,295

32%

lower than the national median

Median rent price$1,970

higher than the national median

Takeaway

The median rent for all rentals in North Mankato, MN is 34% lower than the median rent in Apple Valley, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,970

$995

$1,397

$1,311

$2,425

$1,357

$1,295

$1,300

$1,297

$1,660

$1,295

$1,780

Discover rentals in North Mankato, MN

4d ago

8.5

Very good

914 Lyndale

914 Lyndale St, North Mankato, MN 56003

1 bed

1 bath

$724

5d+ ago

8.6

Very good

Colony Court Apartments

1621 Colony Ct, North Mankato, MN 56003

1–2 beds

1 bath

$750–$875

3d ago

8.6

Very good

630 Lyndale Street

630 Lyndale St, North Mankato, MN 56003

2 beds

1 bath

$895–$960

5d+ ago

8.6

Very good

Hoover Estates

1866 Lee Blvd, North Mankato, MN 56003

1–3 beds

1 bath

$895–$1,195

3d ago

8.5

Very good

Key City Group, LLC (BT)

442 Belgrade Ave, North Mankato, MN 56003

2–3 beds

1–2 baths

$995–$1,600

5d+ ago

Apartment for rent in North Mankato

MULTI-FAMILY, Apartment Building (L), North Mankato, MN

248 Nicollet Ave, North Mankato, MN 56003

2 beds

1 bath

$1,000

1d ago

8.5

Very good

Village Court Apartments

1620 Village Ct, North Mankato, MN 56003

1–2 beds

1 bath

$1,028–$1,128

5d+ ago

Townhouse for rent in North Mankato

3 beds

2 baths

$1,595

Stay up to date with rental market insights

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Frequently asked questions for North Mankato, MN

Quick answers to common questions about the North Mankato rental market.

How much is rent in North Mankato?

The average rent in North Mankato is $1,295 per month as of September 12, 2026.

Is rent up or down in North Mankato?

Average rent prices in North Mankato have increased by 1% over the last month and have increased by 4% since last year.

How does North Mankato rent compare to the national average?

Rent in North Mankato is 32% below the national average, which means renters are paying approximately $605 less per month.

What salary do I need to afford rent in North Mankato?

To comfortably afford rent in North Mankato, you'd need to earn approximately $52,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in North Mankato?

March offers the lowest rental prices in North Mankato, with rents running about 18% lower than the peak month of August, creating clear timing opportunities for budget-conscious renters.

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).