East River Terrace is located in a scenic nook of the Prospect Park Neighborhood in southeast Minneapolis. Located on the beautiful banks of the Mississippi River, we offer convenient access to both Minneapolis and St. Paul. There are plenty of options for transportation including access to bike trails that are a part of the Grand Rounds Scenic Byway. A community of small 12-unit buildings. We offer 12 month initial lease terms only. Come home to East River Terrace! Studio Floorplans - Virtual Tours: Pet Policies: -Dogs and cats allowed -Max 2 pets total -Max 1 dog allowed -Cats and dogs must be spayed/neutered, vaccinated, and at least one year old Fixed Monthly Charges: -Electric paid to Xcel Energy -RUBS water/sewer variable* -RUBS Processing Fee $6.00 -Trash $15.00 -Minimum Liability Policy** $10.50 -LLI Processing Fee** $4.50 Optional Monthly Charges: -Parking: Single-Stall Garage $50, Double-Stall Garage $85 -Cat: $25.00 -Dog: $50.00 *See utility addendum for full RUBS disclosure **Liability insurance fees are waived for renters that provide the Declarations Page of their own Renter's Insurance Policy See Hornig Companies Fee Disclosure for full details on all charges.
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for East River Terrace by bedroom type below.
Studio
Suggested income:
$35,600
per year
Rent report
East River Terrace Rent vs. Minneapolis Average
East River Terrace
Minneapolis Average
Studio
$990
$1,100
$0
$400
$800
$1,200
$1,600
East River Terrace is asking 10%
less than the average studio apartment in
Minneapolis.
If you upsized to an average priced Minneapolis 1 bedroom apartment, you would pay
23% more per month.
East River Terrace provides 6%
less square footage than the average
Minneapolis studio apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
East River Terrace
Studio
$990
$2.40
$2,970
Minneapolis Average
Studio
$1,100
$2.50
$3,301
1BR
$1,429
$2.20
$4,286
2BR
$2,071
$2.00
$6,212
3BR
$2,263
$1.80
$6,788
4BR
$2,552
$1.80
$7,656
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 1,853 1BR
units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.