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Updated 6 hours ago

Lakefield Apartments

VERIFIED

550 W Lake St Minneapolis, MN

Studio - 4 Bed
•
1 - 2 Bath

419 - 1,232 Sq. Ft.

Available starting Aug. 5th
Floor plans
Studio • 1 Bath
$1,075 - $1,122
419 ft2
2 Available
Unit 403
$1,075+
Available Aug 8th, 2026
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Unit 303
$1,075+
Available Sep 5th, 2026
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View Rented Units
Studio • 1 Bath
$1,075 - $1,122
421 ft2
1 Available
Unit 604
$1,075+
Available Sep 5th, 2026
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2 Beds • 1 Bath
$1,650
733 ft2
1 Available
Unit 608
$1,650
Available Aug 5th, 2026
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2 Beds • 1 Bath
$1,430
727 ft2
1 Available
Unit 110
$1,430
Available Sep 5th, 2026
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3 Beds • 2 Bath
$2,342
1122 ft2
1 Available
Unit 500
$2,342
Available Sep 5th, 2026
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3 Beds • 2 Bath
$2,342
1136 ft2
1 Available
Unit 513
$2,342
Available Sep 5th, 2026
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3 Beds • 2 Bath
$2,342
1067 ft2
1 Available
Unit 609
$2,342
Available Oct 5th, 2026
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4 Beds • 2 Bath
$2,976
1232 ft2
1 Available
Unit 517
$2,976
Available Sep 5th, 2026
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Where you'll live
Street View
Map View
Satellite View
Lakefield Apartments
Lakefield Apartments
Lakefield Apartments
Location ratings
Walk Score®
95
Walker's Paradise
Transit Score®
62
Good Transit
Bike Score®
98
Biker's Paradise
Amenities
On-site Laundry
Washer / Dryer Connections
Heat Included
Air Conditioning
Fitness Center
Disability Access
Refrigerator
Trash Removal Included
Walk In Closets
Public Transportation
Internet Included
Controlled Access
On Bus Line
Lvp Flooring
Water Included
Black Whirlpool Appliances
Maple Cabinets
Balcony, Deck, Patio
Central Heating + Air Conditioning
Bike Racks And Storage
Dishwasher
Window Coverings
Recreation Room
Freezer
Views
Ceramic Tiled Bathrooms
Vending Machines
Community Room
Free Common Area Wifi
Garage Parking
Led Lighting
Range / Oven
Elevator
Package Receiving
Business Center
Rec Room
On-site Maintenance
Professional On-site Management
Cable Ready
Sewer Included
Central A / C
Cable-ready
Large Closets
Online Community Portal
Smoke-free Community
Online Payments
Gated Entry
Playground
Fees & leasing info
Pets
Pet Friendly Community
Breed Restrictions:

Select breed restrictions apply

Cat:

| Restrictions: None One time

Cat Deposit:

$500.00 One time due at move-in

Dog:

| Restrictions: Pit Bull, Doberman, Wolf Hybrid, Chow, Rottweiler, American Pit Bull/Bull Terrier, Akita, American Staffordshire Terrier One time

Dog Deposit:

$500.00 One time due at move-in

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

10, 11, 12, 13, 14

Security Deposit:

$500 holding fee that goes towards deposit

Application Fee:

$50

Property details
Description

Lakefield Apartments is a brand-new affordable living community in the heart of Lyn-Lake/Uptown, thoughtfully designed for households of all sizes. With spacious apartments and amenities that emphasize comfort and convenience, Lakefield offers an ideal home for larger households. At Lakefield, there is room to grow and enjoy a vibrant community atmosphere, making it the perfect place to thrive.

Additional Details
Year Built: 2025
Total Unit Count: 110
Last Updated: Updated 6 hours ago
Contact Number: (507) 574-4955
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
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
US Internet Corp. 10000.0 10000.0
Arvig Enterprises, Inc. 1000.0 1000.0
Comcast Corporation 987.0 35.0
CenturyLink, Inc. 940.0 940.0
ViaSat, Inc. 100.0 3.0
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
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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 Lakefield Apartments by bedroom type below.
Studio
Suggested income:
$38,700
per year
2 Bedroom
Suggested income:
$55,400
per year
3 Bedroom
Suggested income:
$84,300
per year
4 Bedroom
Suggested income:
$107,100
per year
Rent report

Lakefield Apartments Rent vs. Minneapolis Average

 Lakefield Apartments      Minneapolis Average
Studio
$1,075
$1,115
$0
$400
$800
$1,200
$1,600
2BR
$1,540
$2,102
$0
$700
$1,400
$2,100
$2,800
3BR
$2,342
$2,284
$0
$800
$1,600
$2,400
$3,200
4BR
$2,976
$2,653
$0
$1,000
$2,000
$3,000
$4,000

Lakefield Apartments is asking 27% less than the average 2 bedroom apartment in Minneapolis.

If you upsized to an average priced Minneapolis 3 bedroom apartment, you would pay 8% more per month.

If you downsized to an average priced Minneapolis 1 bedroom apartment, you would pay 46% less per month.

Lakefield Apartments provides 28% less square footage than the average Minneapolis 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lakefield Apartments
Studio $1,075 $2.60 $3,225
2BR $1,540 $2.10 $4,620
3BR $2,342 $2.10 $7,026
4BR $2,976 $2.40 $8,928
Minneapolis Average
Studio $1,115 $2.60 $3,345
1BR $1,444 $2.20 $4,332
2BR $2,102 $2.10 $6,305
3BR $2,284 $1.70 $6,851
4BR $2,653 $1.70 $7,959

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 2,128 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
19% 46% 28% 5% 2%
Available Units in Minneapolis
Studio 870
1BR 2,128
2BR 1,270
3BR 215
4BR 83
Location
Nearby Colleges

Minneapolis Community and Technical College

Capella University

Augsburg College

Walden University

University of Minnesota - Twin Cities

FAQs
Is this property currently leasing units?
Yes. There are 9 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 8 units available for move-in over the next 2 months. The soonest move-in date is August 05, 2026.
What's the square footage of the available units?
The available units range from 419 to 1,232 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, 2, 3 and 4 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,075 to $2,976. Lakefield Apartments has studio units available starting at $1,075, 2 bedroom units available starting at $1,430, 3 bedroom units available starting at $2,342, and 4 bedroom units available starting at $2,976.
Where is this property located?
This property is at 550 W Lake St in Minneapolis, MN. It's 2.6 miles southwest from the center of Minneapolis.
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