Minneapolis — Minneapolis, MN Rent Comps

Asking & effective rent by bedroom

Average asking rent across observed units: $5,065. Average effective rent: $5,065.

Type	Asking rent	Effective rent	Avg sqft	Observations
2 bedroom	$5,065	$5,065	1,761	1

HUD Fair Market Rent gap

HUD area: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

10” deep double bowl stainless steel sink42’ sub-zero side-by-side refrigerator5/8” engineered black walnut hardwood floorsAmbient cove lighting with accent pendants over islandsBarn doorsBeautifully furnished guest suiteBike StorageBlack walnut hardwood floors in master bedroomsBosch dishwasherBuilt-in dressing table & drawer units & shelvingBuilt-in trash/recycling drawers in every residenceCalifornia built-in closets/drawers in select residencesCeiling fans with light kits in all bedroomsCentral boiler system for unlimited hot water/space heatingChef island or peninsula to accommodate counter seatingChrome designer plumbing & lighting fixturesClubroom with TV, kitchen, & a large table for eventsConcierge and professional on-site maintenance staffContemporary glass showersCorner cabinets with built-in Lazy SusanCove lighting in living, dining, & master bedroomEdgestar 53 bottle wine centers in most residencesElectric solar shadesElegantly framed mirrors in closets

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

Property	Location	Distance	Avg asking	Similarity
St. Louis Park	St Louis Park, MN	1.23 mi	$2,293	58%
Apartments in St. Louis	Park, MN	1.61 mi	$1,658	50%
The Beach Club Residences	Minneapolis, MN	0.27 mi	$2,223	47%
Caraway West End is a pet	St Louis Park, MN	2.32 mi	$2,482	46%
Apartments for Rent in	Minneapolis, MN	0.74 mi	$1,000	43%
Heritage Park	Minneapolis, MN	2.6 mi	not observed	43%
North Loop Minneapolis	Minneapolis, MN	2.9 mi	$2,404	27%

Sources & provenance

Sourced from https://thelakesresidences.com/floorplans/ — 1 observation(s), last observed Jul 31, 2026.

Data age: 17 days. Last observed: Jul 31, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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