The average monthly rent of apartments in North Mankato, MN is $1,155.
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Rental prices in North Mankato, MN have increased by 6.8% over the past year. The average rent moved from $1,081 to $1,155.
Compared to the national average rent of $1,740, the average rent in North Mankato, MN is $1,155.
The average monthly rent of apartments in North Mankato, MN is $1,155.
About 5% of apartment rents in North Mankato, MN range between $1,501-$2,000. Around 94% of Mankato’s apartments are in the $1,001-$1,500 price range. 1% of apartments are priced ≤ $1000.
The largest share of rentals in North Mankato, MN (94%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
In North Mankato, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of North Mankato's rentals, 67% are small-scale complexes with under 50 units, and 22% are single-family rentals.
The average age of rental buildings in North Mankato is 48 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 82% are garden-style apartment communities, 18% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
Studio apartments in North Mankato are around 0% of rentals, while 1-bedroom floor plans represent 39% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 57% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
North Mankato, Minnesota, located in the southern part of the state, is a short drive from larger cities such as Minneapolis, offering a blend of suburban tranquility and city proximity. The city is part of the Mankato-North Mankato metropolitan area, which is known for its robust education and health sectors, as well as manufacturing and agriculture, attracting a diverse workforce.
The city features well-maintained parks and recreational areas, including Benson Park, known for its spacious playground and walking trails, and Spring Lake Park, which provides scenic views and water activities. North Mankato also boasts a growing arts scene with events like the North Mankato Fun Days, and has a rich historical landscape highlighted by its proximity to the Minnesota River and landmarks such as the Wheeler Park Historic District.
Local cuisine here includes a mix of traditional Midwestern dishes and international options, with restaurants serving everything from hearty American classics to Asian, Mexican, and European fare. The city's educational needs are served by the Mankato Area Public Schools, offering several well-regarded elementary, middle, and high schools, as well as proximity to higher education institutions such as Minnesota State University, Mankato.
North Mankato provides a variety of rental options ranging from modern apartments to single-family homes. Upper North Mankato is favored by families for its quiet streets and proximity to schools and parks, while Lower North Mankato, closer to the Minnesota River and the city center, appeals to young professionals and those seeking a more active nightlife.
Architecturally, the area features a mix of traditional brick homes, modern townhouses, and apartment complexes. Many properties offer views of the river or access to biking and walking paths, enhancing the appeal for those who appreciate outdoor activities.
For shopping, residents have access to several key areas. The Commerce Drive area hosts a range of stores from national retail chains to local boutiques offering everything from fashion to home goods. River Hills Mall, just a short drive away in Mankato, provides a more extensive shopping experience with over 100 stores including major department stores and specialty shops.
Local grocery options include well-known chains as well as specialty stores like Asian Grocery and Hilltop Meat Market, offering diverse food selections. The city also supports a variety of local artisans and crafters, especially during community events and festivals.
Public transportation in North Mankato is facilitated through the Mankato Transit System, which offers several bus routes connecting North Mankato to key locations throughout the Mankato area. Handy apps and services assist with route planning and ticket purchases, making commuting straightforward.
For those commuting by car, the city is well-connected through U.S. Route 169 and State Highway 14, linking residents to nearby cities and amenities. Regional travel is supported by the Mankato Regional Airport, which provides flights to other parts of Minnesota and beyond.
Overall, North Mankato, MN, offers a balanced and fulfilling living experience, making it an attractive option for renters seeking both serene living and convenient access to urban amenities. Whether you are a young professional, a family, or a retiree, North Mankato has something to offer.
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