$1,275
Total Monthly Price
- 2 Beds
- 1 Bath
- 1,100 Sq Ft
- Condo for Rent
2108 Arlington Trail Unit 4, North Mankato, MN 56003
Frequently Asked Questions
How much does it cost to rent a condo in North Mankato, MN?
The median rent for a condo in North Mankato, MN is $1,190 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in North Mankato, MN?
To comfortably afford the median rent in North Mankato, MN, a household needs to earn roughly $62,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,572 per month in North Mankato, MN, renters typically need to show $4,716 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in North Mankato, MN?
In North Mankato, MN, the price-to-rent ratio is 17.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in North Mankato, MN are best for renting a condo?
The best neighborhood for renting in North Mankato, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Liberty Park and Five Corners, each with its own character and price range.
