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Updated 6 hours ago

Lago Apartments

VERIFIED

500 W Lake St Minneapolis, MN

4.6 5 reviews
Studio - 2 Bed
•
1 Bath

392 - 858 Sq. Ft.

Available Now
Deal
3 months free with signed lease!
Studio • 1 Bath
$1,065 - $1,195
392 ft2
3 Available

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Unit 503
$1,065
Available Apr 8th, 2024
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Unit 703
$1,115
Available Jun 8th, 2024
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Unit 203
$1,195
Available Dec 31st, 2024
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View Rented Units
Studio • 1 Bath
$1,095
393 ft2
1 Available

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Unit 427
$1,095
Available May 8th, 2024
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1 Bed • 1 Bath
$1,395 - $1,470
507 ft2
5 Available

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Unit 328
$1,398
Available Now
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Unit 506
$1,455
Available Now
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Unit 524
$1,455
Available Now
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Unit 606
$1,470
Available Now
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Unit 206
$1,395
Available Jul 8th, 2024
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View Rented Units
1 Bed • 1 Bath
$1,215 - $1,350
488 ft2
8 Available

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Unit 320
$1,270
Available Now
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Unit 318
$1,270
Available Apr 20th, 2024
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Unit 312
$1,270
Available May 8th, 2024
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Unit 316
$1,270
Available May 8th, 2024
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Unit 716
$1,350
Available May 8th, 2024
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Unit 718
$1,350
Available May 8th, 2024
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Unit 216
$1,215
Available Jun 8th, 2024
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Unit 314
$1,270
Available Jun 8th, 2024
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View Rented Units
1 Bed • 1 Bath
$1,460 - $1,599
539 ft2
3 Available

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Unit 226
$1,460
Available Apr 8th, 2024
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Unit 426
$1,560
Available Apr 8th, 2024
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Unit 726
$1,599
Available May 8th, 2024
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View Rented Units
1 Bed • 1 Bath
$1,685
668 ft2
1 Available

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102-HC
$1,685
Available Jul 8th, 2024
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2 Beds • 1 Bath
$1,790 - $1,965
785 ft2
5 Available

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Unit 502
$1,965
Available Now
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Unit 231
$1,840
Available Apr 8th, 2024
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Unit 531
$1,790
Available May 8th, 2024
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Unit 222
$1,855
Available Jun 8th, 2024
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Unit 331
$1,830
Available Jul 8th, 2024
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View Rented Units
2 Beds • 1 Bath
$1,920 - $1,999
858 ft2
2 Available

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Unit 610
$1,999
Available Apr 8th, 2024
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Unit 410
$1,920
Available Jun 8th, 2024
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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
Fitness Center
Storage
On Bus Line
Quartz Countertops
Quartz Countertops
Professional On-site Management
Stainless Appliances
Rec Room
Sun Deck
Near Grocery Store
Business Center
Package Receiving
Elevator
Cable-ready
Living Room
Balcony, Deck, Patio
Dishwasher
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Pet Deposit:

200.00

Pet Fee:

200.00

Pet Rent:

25.00/ cat, $40.00/dog

Number Limit:

2 pets maximum

Breed Restrictions:

Breed restrictions apply

Parking
Covered Parking
Off-street Parking
Lease & Fees
Lease Length: 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24
Application Fee: $50
Other: $4.00 utility service 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 6 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
Schools
Data provided by GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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:
$40,200
per year
1 Bedroom
Suggested income:
$50,300
per year
2 Bedroom
Suggested income:
$67,900
per year
Rent report

Lago Apartments Rent vs. Minneapolis Average

 Lago Apartments      Minneapolis Average
Studio
$1,118
$1,151
$0
$400
$800
$1,200
$1,600
1BR
$1,397
$1,378
$0
$500
$1,000
$1,500
$2,000
2BR
$1,886
$2,082
$0
$700
$1,400
$2,100
$2,800

Lago Apartments is asking 3% less than the average studio apartment in Minneapolis.

If you upsized to an average priced Minneapolis 1 bedroom apartment, you would pay 17% more per month.

Lago Apartments provides 17% less square footage than the average Minneapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lago Apartments
Studio $1,118 $2.80 $3,353
1BR $1,397 $2.70 $4,190
2BR $1,886 $2.30 $5,657
Minneapolis Average
Studio $1,151 $2.40 $3,452
1BR $1,378 $2.10 $4,135
2BR $2,082 $2.00 $6,246
3BR $2,254 $1.70 $6,763
4BR $2,572 $1.60 $7,715

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 1,927 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
20% 45% 26% 6% 2%
Available Units in Minneapolis
Studio 868
1BR 1,927
2BR 1,141
3BR 255
4BR 91
Location
Nearby Colleges
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 28 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 19 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 858 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
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 $1,065 to $1,999. Lago Apartments has studio units available starting at $1,065, 1 bedroom units available starting at $1,270, and 2 bedroom units available starting at $1,790.
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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