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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

392 - 785 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,275
392 ft2
1 Available
Unit 503
$1,275
Available Now
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View Rented Units
Studio • 1 Bath
$1,275
393 ft2
4 Available
Unit 329
$1,275
Available Now
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Unit 427
$1,275
Available May 8th, 2026
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Unit 227
$1,275
Available Jun 8th, 2026
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229-HC
$1,275
Available Jun 8th, 2026
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1 Bed • 1 Bath
$1,470
507 ft2
5 Available
Unit 628
$1,470
Available Now
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Unit 524
$1,470
Available Now
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Unit 728
$1,470
Available Now
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Unit 406
$1,470
Available Now
View
Unit 506
$1,470
Available Apr 8th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,420
488 ft2
2 Available
Unit 520
$1,420
Available May 1st, 2026
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Unit 512
$1,420
Available May 8th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,470
522 ft2
2 Available
Unit 715
$1,470
Available May 8th, 2026
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Unit 315
$1,470
Available Jun 8th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,470
539 ft2
2 Available
Unit 226
$1,470
Available Jun 8th, 2026
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Unit 626
$1,470
Available Jun 8th, 2026
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2 Beds • 1 Bath
$1,895 - $2,155
785 ft2
1 Available
Unit 730
$1,895+
Available May 8th, 2026
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View Rented Units
2 Beds • 1 Bath
$1,895 - $2,155
714 ft2
1 Available
Unit 710
$1,895+
Available Jul 8th, 2026
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Where you'll live
Street View
Map View
Satellite View
Lago Apartments
Lago Apartments
Lago Apartments
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

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
Hella
June 12, 2022
-Takes two weeks for any trash to be thrown out. -Ghetto people are moving in therefore their activities are coming with them. -Someones Blood...
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Louie
December 02, 2021
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.
Julie
November 20, 2021
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
Tony
November 15, 2021
New apartment homes in Uptown!! Great location, great in unit amenities!
Amanda
November 03, 2021
New apartments set to open soon in a great location! Just steps away from public transportation, bars, restaurants and more!
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Photos Floor Plans Amenities Reviews
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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:
$45,900
per year
1 Bedroom
Suggested income:
$52,600
per year
2 Bedroom
Suggested income:
$68,200
per year
Rent report

Lago Apartments Rent vs. Minneapolis Average

 Lago Apartments      Minneapolis Average
Studio
$1,275
$1,083
$0
$450
$900
$1,350
$1,800
1BR
$1,461
$1,455
$0
$500
$1,000
$1,500
$2,000
2BR
$1,895
$2,186
$0
$750
$1,500
$2,250
$3,000

Lago Apartments is asking 18% more than the average studio apartment in Minneapolis.

If you upsized to an average priced Minneapolis 1 bedroom apartment, you would pay 26% more per month.

Lago Apartments provides 8% less square footage than the average Minneapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lago Apartments
Studio $1,275 $3.20 $3,825
1BR $1,461 $2.90 $4,383
2BR $1,895 $2.50 $5,685
Minneapolis Average
Studio $1,083 $2.50 $3,250
1BR $1,455 $2.20 $4,365
2BR $2,186 $2.10 $6,558
3BR $2,377 $1.80 $7,131
4BR $2,521 $1.80 $7,562

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 2,156 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 836
1BR 2,156
2BR 1,341
3BR 234
4BR 99
Location
Nearby Colleges

Minneapolis Community and Technical College

Capella University

Augsburg College

Walden University

University of Minnesota - Twin Cities

Campus Buildings and Attractions
Distance Walking Biking Driving
Loring Park 1.8 mi 34 min 13 min 4 min
Whitney Fine Arts Theatre 1.9 mi 37 min 12 min 4 min
Helland Center 1.9 mi 37 min 13 min 4 min
Management Education Center 2.0 mi 39 min 12 min 4 min
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 18 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 12 units available for move-in over the next 2 months. 6 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 392 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 $1,275 to $2,155. Lago Apartments has studio units available starting at $1,275, 1 bedroom units available starting at $1,420, and 2 bedroom units available starting at $1,895.
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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