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Updated 4 hours ago

Lago Apartments

VERIFIED

500 W Lake St Minneapolis, MN

4.6 5 reviews
Studio - 2 Bed
•
1 Bath

393 - 785 Sq. Ft.

Available Now
Studio • 1 Bath
$1,199 - $1,275
393 ft2
5 Available
Unit 427
$1,199+
Available Now
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Unit 329
$1,199+
Available Now
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Unit 227
$1,199+
Available Now
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Unit 729
$1,199+
Available Now
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229-HC
$1,199+
Available Now
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1 Bed • 1 Bath
$1,399 - $1,450
488 ft2
9 Available
Unit 520
$1,399+
Available Now
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Unit 512
$1,399+
Available Now
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Unit 216
$1,399+
Available Jul 8th, 2026
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Unit 414
$1,399+
Available Jul 8th, 2026
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Unit 612
$1,399+
Available Jul 17th, 2026
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Unit 316
$1,399+
Available Aug 1st, 2026
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Unit 418
$1,399+
Available Aug 10th, 2026
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Unit 420
$1,399+
Available Aug 10th, 2026
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Unit 320
$1,399+
Available Sep 8th, 2026
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1 Bed • 1 Bath
$1,399 - $1,630
507 ft2
3 Available
Unit 524
$1,399+
Available Now
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Unit 424
$1,399+
Available Now
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Unit 428
$1,399+
Available Now
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1 Bed • 1 Bath
$1,399 - $1,630
522 ft2
1 Available
Unit 315
$1,399+
Available Now
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1 Bed • 1 Bath
$1,399 - $1,630
539 ft2
3 Available
Unit 626
$1,399+
Available Now
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Unit 226
$1,399+
Available Now
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Unit 326
$1,399+
Available Sep 8th, 2026
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1 Bed • 1 Bath
$1,399 - $1,630
582 ft2
1 Available
Unit 504
$1,399+
Available Sep 8th, 2026
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2 Beds • 1 Bath
$1,770 - $2,155
785 ft2
3 Available
Unit 501
$1,770+
Available Now
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Unit 222
$1,770+
Available Aug 10th, 2026
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Unit 730
$1,770+
Available Aug 10th, 2026
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
93
Walker's Paradise
Transit Score®
60
Good Transit
Bike Score®
98
Biker's Paradise
Amenities
Air Conditioning
Fitness Center
Storage
Refrigerator
Controlled Access
On Bus Line
Rec Room
Dishwasher
Balcony, Deck, Patio
Quartz Countertops
Quartz Countertops
Professional On-site Management
Stainless Appliances
Sun Deck
Near Grocery Store
Business Center
Package Receiving
Elevator
Cable-ready
Living Room
Fees & leasing info
Pets
Pet Friendly Community
Number Limit:

2 pets maximum

Breed Restrictions:

Breed restrictions apply

Cat:

| Restrictions: None One time

Cat Deposit:

$200.00 One time due at move-in

Cat Fee:

$200.00 One time due at move-in

Cat Rent:

$25.00 Monthly due with rent

Dog:

| Restrictions: See manager One time

Dog Deposit:

$200.00 One time due at move-in

Dog Fee:

$200.00 One time due at move-in

Dog Rent:

$40.00 Monthly due with rent

Parking
Covered Parking
Off-street Parking
Lease & Fees
Lease Length:

12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24

Application Fee:

$50

Other:

$4.25/month utility admin fee

Property details
Description

Set in a prime location, the Lago is surrounded by multiple vibrant and colorful neighborhoods. Explore local boutiques and shops in trendy Uptown; go on a dumpling crawl and taste your way through Whittiers ethnically-diverse Eat Street; or, get together with friends for an unforgettable night at LynLakes famous Bryant Lake Bowl.

Additional Details
Income Restrictions: We generally require 2x the rent in verifiable income.
Total Unit Count: 132
Last Updated: Updated 4 hours ago
Contact Number: (612) 441-3739
Property manager information
Halverson and Blaiser Group, LTD
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Office Hours
Monday: 9:00 AM - 5:00 PM
Tuesday: 9:00 AM - 5:00 PM
Wednesday: 9:00 AM - 5:00 PM
Thursday: 9:00 AM - 5:00 PM
Friday: 9:00 AM - 5:00 PM
Saturday: 10:00 AM - 4:00 PM
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Reviews
Lago Apartments
4.6
5 reviews
-Takes two weeks for any trash to be thrown out. -Ghetto people are moving in therefore their activities are coming with them. -Someones Blood...
Read More
Construction is well underway on these new apartments on Lake Street in Uptown, Minneapolis. Opening April 2022, but the leasing office is right next door and just opened.
Looking at the variety of floor plans, the amenities, and the location on The Lago Apartments website. These apartments won't disappoint! Looking forward to...
Read More
New apartment homes in Uptown!! Great location, great in unit amenities!
New apartments set to open soon in a great location! Just steps away from public transportation, bars, restaurants and more!
Photos Floor Plans Amenities Reviews
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 Lago Apartments by bedroom type below.
Studio
Suggested income:
$43,200
per year
1 Bedroom
Suggested income:
$50,400
per year
2 Bedroom
Suggested income:
$63,700
per year
Rent report

Lago Apartments Rent vs. Minneapolis Average

 Lago Apartments      Minneapolis Average
Studio
$1,199
$1,105
$0
$400
$800
$1,200
$1,600
1BR
$1,399
$1,453
$0
$500
$1,000
$1,500
$2,000
2BR
$1,770
$2,121
$0
$700
$1,400
$2,100
$2,800

Lago Apartments is asking 4% less than the average 1 bedroom apartment in Minneapolis.

If you upsized to an average priced Minneapolis 2 bedroom apartment, you would pay 31% more per month.

If you downsized to an average priced Minneapolis studio apartment, you would pay 32% less per month.

Lago Apartments provides 23% less square footage than the average Minneapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lago Apartments
Studio $1,199 $3.10 $3,597
1BR $1,399 $2.80 $4,197
2BR $1,770 $2.30 $5,310
Minneapolis Average
Studio $1,105 $2.60 $3,315
1BR $1,453 $2.20 $4,360
2BR $2,121 $2.10 $6,362
3BR $2,334 $1.80 $7,001
4BR $2,519 $1.80 $7,556

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 2,167 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% 46% 28% 5% 2%
Available Units in Minneapolis
Studio 868
1BR 2,167
2BR 1,349
3BR 246
4BR 90
Location
Nearby Colleges
Nearby Hospitals
Name Distance
Abbott Northwestern Hospital 1.25 mi.
Childrens Hosp & Clinics Minne 1.29 mi.
Phillips Eye Institute 1.3 mi.
Nearby Fire Stations
Name Distance
Lowry Fire Department 1.29 mi.
Metropolitan Airports Commission 1.61 mi.
Minneapolis Fire Department 1.61 mi.
FAQs
Is this property currently leasing units?
Yes. There are 25 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 22 units available for move-in over the next 2 months. 14 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 393 to 785 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are studio, 1 and 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?
Rent on available units ranges from $1,199 to $2,155. Lago Apartments has studio units available starting at $1,199, 1 bedroom units available starting at $1,399, and 2 bedroom units available starting at $1,770.
Where is this property located?
This property is at 500 W Lake St in Minneapolis, MN. It's 2.6 miles southwest from the center of Minneapolis.
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