Rentometer, Inc. | Data as of 10/22/2025
North Mankato offers a balanced rental market that blends quiet residential streets with easy access to the vibrant cultural and educational amenities of the Twin Cities. Renters can choose from modern apartment communities near the River Campus and historic homes tucked into established neighborhoods like Eagle Valley and Southside. The area’s proximity to Minnesota State University, Mankato, and local attractions such as the Riverfront Park and the historic downtown district makes it appealing for students, professionals, and families alike. Well‑maintained parks, bike trails along the Minnesota River, and a growing selection of cafes and boutiques contribute to a welcoming, community‑focused atmosphere that supports a variety of lifestyle preferences.
Apartment rents in North Mankato typically fall within the $1100s for one‑bedroom units, the $1200s for two‑bedroom layouts, and range up toward the $1600‑$1900 bracket for larger three‑bedroom spaces. For those seeking a house, two‑bedroom homes average in the $2500 range, while three‑bedroom houses are generally priced around the $1700‑$1800 level. These price points reflect the city’s mix of newer constructions and well‑preserved historic properties, offering options that suit both budget‑conscious renters and those looking for spacious, move‑in‑ready homes. With its blend of convenience, natural beauty, and a strong sense of community, North Mankato remains a desirable destination for renters across Minnesota.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,163 | $1,175 | $895 - $1,500 | $999 - $1,250 |
| Apartment | 2 Bedroom | $1,223 | $1,200 | $975 - $1,570 | $1,050 - $1,400 |
| Apartment | 3 Bedroom | $1,675 | $1,837 | $1,025 - $1,950 | $1,500 - $1,900 |
| House | 2 Bedroom | $2,533 | $2,500 | $2,400 - $2,700 | $2,400 - $2,700 |
| House | 3 Bedroom | $1,748 | $1,800 | $895 - $2,700 | $1,395 - $1,950 |
In the current period, the average rent in North Mankato was $1,164 for 1 Bedroom, $1,504 for 2 Bedroom, $1,708 for 3 Bedroom, and $2,063 for 4+ Bedroom.
Data provided by Rentometer, Inc.