Studio Apartment Rent in Mankato, MN
Median asking rent for a studio apartment in Mankato, Minnesota as of July 2026. That's +16% lower than the citywide median of $1,232 and +20% below the national studio median of $1,290.
Income needed for a studio in Mankato
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Mankato
Compare Mankato's median rent across every apartment size.
Cheapest cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Winona | $700 |
| 2 | Moorhead | $710 |
| 3 | Austin | $720 |
| 4 | Owatonna | $730 |
| 5 | Bemidji | $800 |
| 6 | Duluth | $848 |
| 7 | Waite Park | $890 |
| 8 | Saint Cloud | $940 |
| 9 | Rochester | $1,010 |
| 10 | Mankato (this page) | $1,030 |
| 11 | Anoka | $1,050 |
| 12 | Northfield | $1,060 |
| 13 | South Saint Paul | $1,060 |
| 14 | Saint Michael | $1,080 |
| 15 | Columbia Heights | $1,090 |
Most expensive cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Woodbury | $1,650 |
| 2 | Maple Grove | $1,600 |
| 3 | Eden Prairie | $1,570 |
| 4 | Lakeville | $1,550 |
| 5 | Cottage Grove | $1,540 |
| 6 | Edina | $1,520 |
| 7 | Blaine | $1,510 |
| 8 | Plymouth | $1,495 |
| 9 | Brooklyn Park | $1,495 |
| 10 | Savage | $1,470 |
| 11 | Rosemount | $1,470 |
| 12 | Minnetonka | $1,450 |
| 13 | Robbinsdale | $1,427 |
| 14 | Saint Louis Park | $1,385 |
| 15 | Vadnais Heights | $1,380 |
Nearby cities — studio rent
Considering nearby alternatives? 1 of these cities have cheaper studio rents than Mankato.
| City | Distance | Studio rent | vs Mankato |
|---|---|---|---|
| Owatonna, MN | 52.3 mi | $730 | $-300 (-29%) |
| Chaska, MN | 52.7 mi | $1,240 | +$210 (+20%) |
| Shakopee, MN | 53.8 mi | $1,310 | +$280 (+27%) |
| Prior Lake, MN | 54.6 mi | $1,240 | +$210 (+20%) |
| Lakeville, MN | 60.1 mi | $1,550 | +$520 (+50%) |
| Northfield, MN | 60.2 mi | $1,060 | +$30 (+3%) |
| Savage, MN | 60.6 mi | $1,470 | +$440 (+43%) |
| Spring Park, MN | 60.7 mi | $1,120 | +$90 (+9%) |
| Eden Prairie, MN | 61.7 mi | $1,570 | +$540 (+52%) |
| Burnsville, MN | 64.7 mi | $1,330 | +$300 (+29%) |
| Minnetonka, MN | 66.4 mi | $1,450 | +$420 (+41%) |
| Bloomington, MN | 66.6 mi | $1,373 | +$343 (+33%) |
Studio rent in Mankato — common questions
How much is a studio apartment in Mankato?
As of July 2026, the median studio apartment rent in Mankato, Minnesota is $1,030 per month. This is +16% below the citywide median of $1,232.
What income do you need to afford a studio in Mankato?
Using the standard 30% rent-to-income rule, you would need an annual income of about $41,200 ($3,433/month gross), which works out to roughly $19.81/hour at a full-time job.
Is Mankato expensive for a studio compared to the rest of the US?
Mankato's studio median of $1,030 is +20% below the national studio median of $1,290. It ranks in the 30th percentile of US cities tracked.
How does Mankato rank for studio rent in Minnesota?
Among the 63 cities in Minnesota with studio data, Mankato ranks #10 from cheapest to most expensive.
Are there cheaper studio options near Mankato?
Yes — nearby cities with cheaper studio rents include Owatonna ($730).