118 Parsons St

House
2 beds
1 bath
1,000 sqft
Cats & small dogs OK
In-unit laundry

About 118 Parsons St

This charming row house in the historic Lincoln Park neighborhood has an available unit. The combination of updated amenities and proximity to bars, restaurants, shopping, university, etc. makes this the ideal home to make the most of your Mankato experience.

This beautiful AND functional home had extensive updates completed over the last few years, and features several outstanding amenities that will make your experience truly one-of-a-kind: 2 large bedrooms with spacious closets and hardwood flooring. Remodeled kitchen with original cabinetry, newer countertops, and newer appliances (includes dishwasher) New luxury vinyl flooring and trim on the main level. Large bathroom with modern vanity and updated flooring. Large backyard and patio area. Beautiful sunroom off the back bedroom on the 2nd level are perfect for a summer office, yoga room, or other creative use. New modern paint throughout. In-unit laundry in unfinished basement. Large unfinished basement with plenty of room for storage.

The main level of this home features a convenient front entry, large open living room and dining area and galley kitchen, walking out to a patio with privacy fence. The upper level features two bedrooms and a full bathroom. with ample storage and private sunroom. This home is a well balanced mix of renovations and upgrades, while preserving much of the original woodwork and historic features.

Tenants pay all utilities. Application, application fee ($45), background and credit check required. One pet allowed with additional deposit and monthly pet fee. Must provide proof of renter's insurance. Security Deposit equals one month rent....
16 days on RentalSource
RentalSource last checked: 21 hours ago · Listing updated: October 27, 2026
Managed by: Factor Property Management · (507) 564-4172 ·
Listing data quality - We review listings daily to detect outdated, duplicate, or misleading information.

Property Summary

Property Type: House
Rental Fee: $1,175
Bedrooms: 2 beds
Bathrooms: 1 bath
Size: 1,000 sqft
Pets: Cats & small dogs
Laundry: In unit
Parking: Inquire
Available: Now
ID: 84571178

Amenities

  • Washer/Dryer In Unit
  • Air Conditioning
  • Dishwasher
  • Balcony/Patio
  • Ceiling Fan
  • Gas Range
  • Hardwood Floors
  • Refrigerator
  • Storage
  • Vinyl/Laminate Floors

Leasing Information

Lease term: Contact manager for leasing options.
Fees
  • Security deposit $1,175 (mandatory, refundable, move-in).
  • Application fee $45 each (mandatory, nonrefundable, pre-move-in). $45 application fee per adult tenant.

Additional Details

This 2-bedroom, 1-bathroom house at 118 Parsons St in Mankato, MN 56001 rents for $1,175 a month. It has 1,000 square feet and is pet friendly. 118 Parsons St was advertised by Factor Property Management on October 12, 2026.

Rent History

The rent has dropped from $1,200 to $1,175 since it was listed on October 12.

Rent history for this home, newest first
DateEventRentChange
October 27, 2026 Price change $1,175−2.1% −2.1%
October 12, 2026 Listed for rent $1,200

These are listed prices. What renters actually paid may have been different.

Affordability Calculator

Can I afford to live at 118 Parsons St?
Bedrooms
2 bedrooms
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Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.
Recommended income
$47,000 /year
With your chosen rent-to-income ratio, an annual income of $47,000 is recommended to comfortably afford this 2-bedroom rental priced at $1,175 per month.
For more information on rent affordability, visit our rent calculator or rent vs. buy calculator.
House for rent
$1,175
Rent reduced $25 on October 27
Deposit $1,175 · All fees
Interested in 118 Parsons St?
Find out more about this property & see if it's available now.
Property managed by:
(507) 564-4172 · View all 33 rentals
Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.
118 Parsons St, Mankato, MN 56001
House for rent
$1,175
Rent reduced $25 on October 27
Deposit $1,175 · All fees
Interested in 118 Parsons St?
Find out more about this property & see if it's available now.
Property managed by:
(507) 564-4172 · View all 33 rentals
Avoid rental scams - Situations involving wire transfers or a landlord who can't meet you in person can be red flags.
$1,175
House for rent
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