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Updated 41 minutes ago

242 W Franklin Ave


Minneapolis, MN

2 Bed
•
1 Bath

900 Sq. Ft.

Available starting Apr. 1st
Studio • 1 Bath
$825 - $910
400 ft2
0 Available
Managed By: Hornig Companies- D & J Franklin, LLC
242 W Franklin Ave Apt 207
$899
Rented
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Unit 207
$825
Rented
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Unit 407
$850
Rented
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Unit 410
$905
Rented
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Unit 310
$910
Rented
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1 Bed • 1 Bath
$945 - $1,075
740 ft2
0 Available
Managed By: Hornig Companies- D & J Franklin, LLC
Unit 204
$1,000
Rented
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242 W Franklin Ave Apt 304
$945
Rented
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242 W Franklin Ave Apt 204
$1,000
Rented
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Unit 103
$985
Rented
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Unit 406
$1,075
Rented
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Unit 208
$950
Rented
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Unit 309
$975
Rented
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Unit 405
$999
Rented
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Unit 304
$975
Rented
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Unit 409
$999
Rented
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1 Bed • 1 Bath
$950
640 ft2
0 Available
Managed By: Hornig Companies- D & J Franklin, LLC
Unit 206
$950
Rented
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2 Beds • 1 Bath
$1,325
900 ft2
1 Available
Managed By: Hornig Companies- D & J Franklin, LLC
Unit 302
$1,325
Available Apr 1st, 2026
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
90
Walker's Paradise
Transit Score®
61
Good Transit
Bike Score®
87
Very Bikeable
Amenities
On-site Laundry
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Elevator
Fees & leasing info
Pets
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit: $0
Property details
Description

Great location - rarely available studio in elevator building! - Sits between downtown and uptown Minneapolis near lovely Stevens Square Park. Spacious apartments with large windows can be enjoyed by you and your cat (s) (2 cats allowed). Moving in will be a breeze with the help of elevators, carports and limited off street parking. Many restaurants and stores within walking distance. The #2 bus line is right across the street.
Fixed Monthly Charges:
Electric paid to provider
Rubs water/sewer variable*
RUBS Processing Fee $4.50
Trash $15.00
Minimum Liability Policy** $10.50
LLI Processing Fee** $4.50
Optional Monthly Charges:
Carport Parking: $50 Based on availability,
Cat $25.00
6 month lease $50.00
9 month Lease $25.00
Storage site specific
*See utility addendum for full disclosure
**Liability insurance fees are waived for renters that provide the Declarations Page of their own Renter's Insurance Policy

Additional Details
Total Unit Count: 34
Last Updated: Updated 41 minutes ago
Contact Number: (612) 874-4425
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Photos Floor Plans Amenities
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 242 W Franklin Ave by bedroom type below.
2 Bedroom
Suggested income:
$47,700
per year
Rent report

242 W Franklin Ave Rent vs. Minneapolis Average

 242 W Franklin Ave      Minneapolis Average
2BR
$1,325
$2,050
$0
$700
$1,400
$2,100
$2,800

242 W Franklin Ave is asking 35% less than the average 2 bedroom apartment in Minneapolis.

If you upsized to an average priced Minneapolis 3 bedroom apartment, you would pay 13% more per month.

If you downsized to an average priced Minneapolis 1 bedroom apartment, you would pay 43% less per month.

242 W Franklin Ave provides 12% less square footage than the average Minneapolis 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
242 W Franklin Ave
2BR $1,325 $1.50 $3,975
Minneapolis Average
Studio $1,090 $2.50 $3,269
1BR $1,430 $2.20 $4,290
2BR $2,050 $2.00 $6,149
3BR $2,357 $1.80 $7,072
4BR $2,496 $1.80 $7,488

Availability in Minneapolis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 2,106 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
18% 45% 28% 5% 2%
Available Units in Minneapolis
Studio 828
1BR 2,106
2BR 1,303
3BR 249
4BR 97
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Loring Park 0.9 mi 16 min 8 min 2 min
Whitney Fine Arts Theatre 0.9 mi 17 min 6 min 2 min
Helland Center 0.9 mi 18 min 7 min 2 min
Management Education Center 1.1 mi 21 min 7 min 3 min
Ackerberg Science Center 1.1 mi 22 min 7 min 3 min
Nearby Hospitals
Name Distance
Phillips Eye Institute 0.94 mi.
Childrens Hosp & Clinics Minne 1.11 mi.
Hennepin County Medical CTR 1.19 mi.
Nearby Fire Stations
Name Distance
Lowry Fire Department 0.38 mi.
Metropolitan Airports Commission 0.64 mi.
Minneapolis Fire Department 0.64 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on April 01, 2026.
What's the square footage of the available units?
It's 900 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
242 W Franklin Ave has a 2 bedroom unit starting at $1,325.
Where is this property located?
This property is at 242 W Franklin Ave in Minneapolis, MN. It's 1.6 miles southwest from the center of Minneapolis.
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