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Updated 4 hours ago

Lakefield Apartments

VERIFIED

550 W Lake St Minneapolis, MN

Studio - 3 Bed
•
1 - 2 Bath

419 - 1,136 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,116
419 ft2
2 Available
Unit 503
$1,116
Available Now
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Unit 303
$1,116
Available Sep 13th, 2026
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2 Beds • 1 Bath
$1,430 - $1,740
733 ft2
4 Available
Unit 608
$1,650+
Available Now
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Unit 208
$1,430+
Available Nov 5th, 2026
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Unit 210
$1,430+
Available Nov 5th, 2026
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Unit 510
$1,650+
Available Nov 5th, 2026
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View Rented Units
2 Beds • 1 Bath
$1,650 - $1,740
734 ft2
1 Available
Unit 315
$1,650+
Available Oct 5th, 2026
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3 Beds • 2 Bath
$2,342
1122 ft2
1 Available
Unit 500
$2,342
Available Now
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View Rented Units
3 Beds • 2 Bath
$2,342
1136 ft2
1 Available
Unit 213
$2,342
Available Oct 5th, 2026
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4 Beds • 2 Bath
$2,334
1219 ft2
0 Available
Unit 117
$2,334
Rented
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4 Beds • 2 Bath
$2,303 - $2,999
1293 ft2
0 Available
Unit 201
$2,334
Rented
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Unit 601
$2,999
Rented
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Unit 401
$2,334
Rented
View
Unit 501
$2,999
Rented
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Unit 301
$2,303
Rented
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4 Beds • 2 Bath
$2,334 - $2,999
1232 ft2
0 Available
Unit 217
$2,334
Rented
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Unit 317
$2,334
Rented
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Unit 417
$2,334
Rented
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Unit 617
$2,999
Rented
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Unit 517
$2,976
Rented
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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 4 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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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:
$40,200
per year
2 Bedroom
Suggested income:
$56,200
per year
3 Bedroom
Suggested income:
$84,300
per year
Rent report

Lakefield Apartments Rent vs. Minneapolis Average

 Lakefield Apartments      Minneapolis Average
Studio
$1,116
$1,115
$0
$400
$800
$1,200
$1,600
2BR
$1,562
$2,102
$0
$700
$1,400
$2,100
$2,800
3BR
$2,342
$2,284
$0
$800
$1,600
$2,400
$3,200

Lakefield Apartments is asking 0% more 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.

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

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lakefield Apartments
Studio $1,116 $2.70 $3,348
2BR $1,562 $2.10 $4,686
3BR $2,342 $2.10 $7,026
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 1,951 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% 47% 28% 5% 2%
Available Units in Minneapolis
Studio 740
1BR 1,951
2BR 1,174
3BR 203
4BR 72
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 6 units available for move-in over the next 2 months. 2 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 419 to 1,136 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 and 3 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 $1,116 to $2,342. Lakefield Apartments has studio units available starting at $1,116, 2 bedroom units available starting at $1,650, and 3 bedroom units available starting at $2,342.
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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