Average Rent in North Mankato, MN and Rent Price Trends

Rent trends in North Mankato, MN

Average rent prices in North Mankato have remained the same over the last month and have increased 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
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 $1,395, whereas a house costs $2,040. 1-bedroom apartments in North Mankato run $1,265 on average, while 2-bedroom apartments are $1,525.


Studio	$800	No Change	-
1 bedroom	$1,265	4%	4%
2 bedroom	$1,495	3%	7%
3 bedroom	$1,745	5%	9%
4 bedroom	$1,989	1%	12%


Apartments	$1,395	2%	No Change
Condos	$1,472	9%	No Change
Houses	$2,040	4%	No Change

Studio

Average rent

$800

1 bedroom

Average rent

$1,265

Last 30 days

Last year

2 bedroom

Average rent

$1,495

Last 30 days

Last year

3 bedroom

Average rent

$1,745

Last 30 days

Last year

4 bedroom

Average rent

$1,989

Last 30 days

Last year

12%

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$1,395

28%

lower than the national median

Median rent price$1,889

lower than the national median

Takeaway

The median rent for all rentals in North Mankato, MN is 26% lower than the median rent in Apple Valley, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,889

$1,012

$1,435

$1,600

$2,365

$1,400

$1,350

$1,250

$1,250

$1,860

$1,320

$1,697

Discover rentals in North Mankato, MN

4d ago

8.5

Very good

Key City Group, LLC (BT)

442 Belgrade Ave, North Mankato, MN 56003

1–3 beds

1–2 baths

$875–$1,600

Apartment for rent

Cornflower Blue Properties, LLC (BNR) - Photo 1 of 1

3d ago

8.8

Very good

Cornflower Blue Properties, LLC (BNR)

300 Belgrade Ave, North Mankato, MN 56003

1–2 beds

1 bath

$900–$1,050

Apartment for rent

5d+ ago

Apartment for rent in North Mankato

Colony Court Apartments - 2 bedroom unit open now!

1628 Colony Ct #8, North Mankato, MN 56003

2 beds

1 bath

$900

Apartment for rent

Available Apr 22

5d+ ago

Apartment for rent in North Mankato

1865 Northway Dr #16, North Mankato, MN 56003

2 beds

1 bath

$975

Apartment for rent

Available Jan 1

5d+ ago

Apartment for rent in North Mankato

1866 Lee Blvd #17, North Mankato, MN 56003

2 beds

1 bath

$975

Apartment for rent

Available Jan 1

4h ago

8.4

Very good

BBC Apartments

422 Belgrade Ave, North Mankato, MN 56003

2 beds

1 bath

$1,179

Apartment for rent

5d+ ago

8.4

Very good

532 Wheeler Avenue

532 W Wheeler Ave, North Mankato, MN 56003

3 beds

2 baths

$1,335

Apartment for rent

2140 Rolling Green Trl #2141 - Photo 1 of 1

5d+ ago

Townhouse for rent in North Mankato

3 Bed, 2.5 Bath Townhome Upper North Mankato

2140 Rolling Green Trl #2141, North Mankato, MN 56003

3 beds

2.5 baths

$1,875

House for rent

Available Jun 1

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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 $1,395 per month as of June 13, 2026.

Is rent up or down in North Mankato?

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

How does North Mankato rent compare to the national average?

Rent in North Mankato is 28% below the national average, which means renters are paying approximately $555 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 $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 North Mankato?

North Mankato's 2025 rental market shows one-bedroom apartments averaging around $1,000 per month, while two-bedroom units average around $1,200 monthly. These figures represent the current pricing across this Minnesota city's rental inventory.

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).