Property Management Companies in Mankato, MN

Compare 5 local companies in Mankato. Pick up to 3 and send one free quote request.

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Typical asking rent $1,257 · +7.2% in a year See the rental market

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5managers listed
3.3★average Google rating
$1,257typical rent · +7.2% in a year
50%of homes rented
$261,700median home value

Top picks in Mankato

Picked by our rules (rating adjusted for review count, number of reviews, years in business), not paid placement.

5 property managers in Mankato

Tick Compare on up to 3 companies to see them side by side and request quotes from all of them at once.

Best match = Google rating adjusted for number of reviews. How it works

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  • Factor Property Management

    1409 N Riverfront Dr, Mankato, MN 56001

    4.7 (44 Google reviews)Recently reviewed

    Factor Property Management, established in 2024, manages single-family homes, multifamily, student housing and commercial property in the greater Mankato region, with leasing, rent collection, inspections and maintenance.

    In their words: “At Factor Property Management, we place a strong emphasis on fostering meaningful relationships with our clients.”

    Review summary: Most reviewers mention well-kept new apartments, prompt responses and an easy move-in.

  • Lloyd Management

    135 W Lind St, Mankato, MN 56001

    3.5 (130 Google reviews)

    Lloyd Management is a Mankato property management company that leases and manages rental properties, including subsidized apartment buildings, throughout Minnesota and Northern Iowa.

  • Connect Property Management

    530 W Pleasant St, Mankato, MN 56001

    3.1 (65 Google reviews)

    Connect Property Management, based in Mankato, manages apartments and commercial properties in Mankato, North Mankato and Eagle Lake, with leasing, maintenance and real estate sales.

    In their words: “We successfully manage rental communities around the area and have a well trained and trustworthy group of staff to ensure that everything runs smoothly.”

  • HOM Property Management

    224 E Washington St, Mankato, MN 56001

    2.6 (77 Google reviews)

    HOM Property Management, based in Mankato, manages single-family homes and residential rentals in Southern Minnesota, with marketing, tenant screening, rent collection, maintenance, inspections, evictions and owner statements.

    In their words: “We use a wide variety of marketing tools to connect with the largest possible pool of tenants.”

  • Atwood Management

    209 S 2nd St #100, Mankato, MN 56001

    2.7 (613 Google reviews)

    Atwood Management, based in Mankato, is a family-owned and operated leasing and management company that rents apartments and townhomes and describes itself as one of the oldest such firms in Minnesota.

    Review summary: Most reviewers describe helpful, kind staff and spacious, affordable apartments with responsive maintenance.

The map needs JavaScript. Every company's address is in its card.

Pins show office addresses; numbers match the Best match order. Companies that don't publish an address are listed as "Serves the Mankato area" and get no pin.

Mankato rental market

Get the latest rental and real estate data on the Mankato market. We update these charts with the latest data on the 22nd of each month.

Rent pulse

Typical asking rent$1,257a month in Mankato
1-year change+7.2%county +6.0%
vs county−$17county typical $1,274

Rents in Mankato are $17 below the Blue Earth County typical.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

12-month momentum

Rent rose in 6 of the last 12 months: +$84 in all since Oct 2025.

Green: rent went up that month. Grey: it went down.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

Rent over time

$1,000$1,100$1,200$1,300$1,400202420252026
MankatoBlue Earth County

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

City premium over county

Now
−$17
1 year ago
−$29

Mankato's typical asking rent is $17 (1.3%) below the county. The gap is shrinking compared with a year ago.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

Best months to list

Rents here usually rise most in September, November and December, so those are good months to list your rental.

  1. Jan+0.31%
  2. Feb−0.41%
  3. Mar−0.40%
  4. Apr+0.89%
  5. May−0.35%
  6. Jun−1.01%
  7. Jul−0.86%
  8. Aug+0.32%
  9. Sep+1.35%
  10. Oct+1.30%
  11. Nov+3.34%
  12. Dec+2.17%

Average change from the month before, 3 years of data.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

Rental income growth calculator

In 1 year at 7.16% (last year's local growth)–

Past growth, not a forecast. Rents can go down as well as up. Your own rent depends on the home, its condition and the lease.

Source: Zillow Observed Rent Index (ZORI), typical asking rent, all homes + multifamily, smoothed. Data through September 2026.

Rent in nearby cities

CityTypical rent1 yearManagers
Mankato$1,257+7.2%5
Eden Prairie$1,837+3.6%7
Bloomington$1,681+4.2%5
Edina$2,015+3.2%3
Minnetonka$1,822+4.1%3
Hopkins$1,617+5.1%3
Wayzata$2,7913

Source: Zillow Observed Rent Index (ZORI), typical asking rent, data through September 2026. Managers listed: our directory, October 2026.

More local facts for owners

Renters and vacancy

50%of homes in Mankato are rented (9,029 households)
Rental vacancy rate
6.3%
County vacancy rate
5.7%
Median rent paid
$1,132
Median home value
$261,700

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2020-2024.

HUD Fair Market Rents

Studio$1,016
1 bedroom$1,023
2 bedrooms$1,230
3 bedrooms$1,703
4 bedrooms$1,744

Source: U.S. Department of Housing and Urban Development, Fair Market Rents for fiscal year 2027, Mankato, MN MSA. Used to set Housing Choice Voucher (Section 8) limits.

Questions to ask before you hire

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Property management in Mankato

Compare the 5 property management companies in Mankato, Blue Earth County. Tick up to 3 to see them side by side, then request free quotes from all of them in one step. Highly rated managers based nearby, in North Mankato, are listed below the local companies.

Zillow's typical asking rent in Mankato is $1,257 (September 2026); +7.2% over the past year. About 50% of homes in Mankato are rented, and the rental vacancy rate is 6.3% (Census, 2020-2024).

Mankato property management FAQ

How many property management companies are in Mankato?

We list 5 property management companies in Mankato, MN.

What is the typical rent in Mankato?

Zillow's typical asking rent in Mankato was $1,257 a month in September 2026, +7.2% on a year earlier.

When is the best time to list a rental in Mankato?

Over the 3 years Zillow has tracked, asking rents here have risen most in September, November and December. Listing in those months can help, but every property is different.

How much do property managers charge in Mankato?

Fees depend on the company, the property and the services you need, and few companies publish them. Ask for a written quote that lists the monthly fee, leasing fee and any other charges. You can request quotes from up to 3 managers at once on this page.

How do you rank the companies?

The default order, Best match, uses each company's Google rating adjusted for how many reviews it has, so a 4.8 rating from 100 reviews ranks above a 5.0 from 2. No company can pay for its position.

Is it free to request quotes?

Yes. Requesting quotes is free for property owners and there is no obligation to hire anyone.

Property managers near Mankato

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