Renter Resources
How to Avoid Eviction When You Can't Pay Rent
Act fast to avoid eviction, stay housed, and protect your credit. Learn exactly what to do, from negotiating with your landlord to securing emergency aid.
•8 min read
What to Know About
Life in Mankato & Beyond
Mankato shares many of the great qualities that make Minnesota a desirable place to live.
Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.
Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.
Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.
Rental Market Trends
Mankato, MN
As of May 2025, Mankato's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Mankato's average rent is 1.6% ($24) lower than the Minnesota average of $1,457 and 20.1% ($360) lower than the U.S. average of $1,793.
Average Rent
$1,433
Monthly ChangeMonth Over Month Change
2% ($28)
Yearly ChangeYear Over Year Change
13.4% ($169)
Avg. Days on MarketAverage Days on Market
39
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,181 | 4% ($45) | 9.5% ($102) |
| 2 Beds | $1,481 | 4.8% ($68) | 19.8% ($245) |
| 3 Beds | $1,898 | 4.6% ($84) | 26.5% ($398) |
| Nearby Cities | Average Rent | Avg. Rent vs. MankatoAverage Rent vs. Mankato | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Saint Peter | $1,237 | 13.7% ($196) | 47 days |
| Janesville | $785 | 45.2% ($648) | 41 days |
| Le Sueur | $1,440 | 0.5% ($7) | 44 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Mankato Rental Market FAQs
Explore rental prices, market trends, and availability in Mankato, MN.
The average rent in Mankato, MN is $1,433 per month.
Apartments in Mankato typically rent for between $827 and $2,467 per month, with an average of $1,433 per month.
In Mankato, the average rent for a 1-bedroom apartment is $1,181 per month, for a 2-bedroom apartment, $1,481 per month, and a 3-bedroom apartment is $1,898 per month.
The average rent in Mankato is 20.1% ($360) lower than the national average of $1,793 per month.
The average rent in Mankato has increased by 2.0% ($28) in the last month and increased by 13.4% ($169) over the past year.
The rental market in Mankato, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Mankato, MN, the average rental stays on the market for approximately 39 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 52 rental properties available in Mankato, MN.
Based on the current averages, a household would need an annual income of $59,240 to comfortably afford a 2-bedroom apartment in Mankato.
