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Home / Minneapolis / Flats at Malcolm Yards
Flats at Malcolm Yards Apartment for rent in Minneapolis, MN
2 of 77 Flats at Malcolm Yards Apartment for rent in Minneapolis, MN
3 of 77 Flats at Malcolm Yards Apartment for rent in Minneapolis, MN
4 of 77 Flats at Malcolm Yards Apartment for rent in Minneapolis, MN
5 of 77 Flats at Malcolm Yards Apartment for rent in Minneapolis, MN
77 Photos
Photos Floor Plans Amenities
Updated 5 hours ago

Flats at Malcolm Yards

VERIFIED

505 Malcolm Ave Minneapolis, MN

1 - 2 Bed
•
1 Bath

622 - 886 Sq. Ft.

Available Now
Floor plans
1 Bed • 1 Bath
$1,128 - $1,361
622 ft2
6 Available
Unit 614
$1,128
Available Now
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Unit 620
$1,361
Available Jun 5th, 2025
View
Unit 507
$1,128
Available Jul 5th, 2025
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Unit 611
$1,128
Available Jul 5th, 2025
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Unit 615
$1,128
Available Jul 5th, 2025
View
Unit 622
$1,128
Available Jul 5th, 2025
View
View Rented Units
1 Bed • 1 Bath
$1,128
645 ft2
1 Available
Unit 204
$1,128
Available Jul 5th, 2025
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View Rented Units
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2 Beds • 1 Bath
$1,629
808 ft2
1 Available
Unit 317
$1,629
Available Jul 5th, 2025
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View Rented Units
2 Beds • 1 Bath
$1,542
886 ft2
1 Available
Unit 503
$1,542
Available Aug 5th, 2025
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
70
Somewhat Walkable
Transit Score®
59
Good Transit
Bike Score®
99
Biker's Paradise
Amenities
In-unit Laundry
On-site Laundry
Heat Included
Air Conditioning
Fitness Center
Storage
Trash Removal Included
On Bus Line
Water Included
Sewer Included
Professional On-site Management
On-site Maintenance
Sun Deck
Business Center
Clubhouse
Package Receiving
Elevator
High-speed Internet
Ceiling Fans
Balcony, Deck, Patio
Dishwasher
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Pet Deposit: $500.00
Number Limit:

2 pets maximum

Breed Restrictions:

Breed restrictions apply

Parking
Covered Parking
Electric Vehicle Charging
Lease & Fees
Lease Length: 12 months
Security Deposit:

1 month's rent

Application Fee:

$50

Property details
Description

The Flats are Prospect Park's newest income qualified apartments. Explore modern, pet-friendly, living spaces and functional amenity spaces designed to enhance your everyday. Amenities include a Sky Lounge, Fitness Center, Underground Heated Parking, Work-from-Home Stations, Common Area WIFI, and more.

Additional Details
Total Unit Count: 143
Last Updated: Updated 5 hours ago
Contact Number: (507) 315-4115
Property manager information
Halverson and Blaiser Group, LTD
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Office Hours
Monday: 12:00 PM - 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 - 12:00 PM
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Photos Floor Plans Amenities
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About Flats at Malcolm Yards
Welcome to the Flats at Malcolm Yards, located at 505 Malcolm Ave in Minneapolis, MN. Managed by Halverson and Blaiser Group, LTD, these income qualified apartments offer residents a modern and pet-friendly living experience.

With a range of floor-plan options, including 1 bedroom and 2 bedroom units, there is a space to suit every lifestyle. The unit square footage ranges from a cozy 613 square feet to a spacious 890 square feet, providing ample room to make yourself at home.

The Flats at Malcolm Yards boast an impressive array of amenities to enhance your everyday living. Stay cool during the summer months with air conditioning, and enjoy the convenience of in-unit laundry and a dishwasher. Take in the fresh air and city views from your private balcony, deck, or patio. Stay active and fit at the on-site fitness center, or utilize the storage options available.

Convenience is key at the Flats, as the property is located on the bus line, making commuting a breeze. Nearby neighborhoods, including Prospect Park, Stadium Village, and Como, offer a variety of dining, shopping, and entertainment options.

Please note that the Flats participates in an affordable housing program, with household income limitations in place. For more information on eligibility and availability, please reach out to the property management team. Don't miss your chance to call the Flats at Malcolm Yards home - schedule a tour today.
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 Flats at Malcolm Yards by bedroom type below.
1 Bedroom
Suggested income:
$41,800
per year
2 Bedroom
Suggested income:
$57,100
per year
Rent report

Flats at Malcolm Yards Rent vs. Minneapolis Average

 Flats at Malcolm Yards      Minneapolis Average
1BR
$1,161
$1,340
$0
$450
$900
$1,350
$1,800
2BR
$1,586
$1,985
$0
$650
$1,300
$1,950
$2,600

Flats at Malcolm Yards is asking 13% less than the average 1 bedroom apartment in Minneapolis.

If you upsized to an average priced Minneapolis 2 bedroom apartment, you would pay 32% more per month.

If you downsized to an average priced Minneapolis studio apartment, you would pay 20% less per month.

Flats at Malcolm Yards provides 4% less square footage than the average Minneapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Flats at Malcolm Yards
1BR $1,161 $1.90 $3,484
2BR $1,586 $1.90 $4,757
Minneapolis Average
Studio $1,113 $2.50 $3,339
1BR $1,340 $2.10 $4,021
2BR $1,985 $2.00 $5,956
3BR $2,086 $1.70 $6,259
4BR $2,473 $1.80 $7,418

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 1,905 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% 45% 27% 5% 3%
Available Units in Minneapolis
Studio 794
1BR 1,905
2BR 1,116
3BR 220
4BR 115
Location
Nearby Colleges

University of Minnesota - Twin Cities

Augsburg College

Hamline University

Inver Hills Community College

University of St. Thomas

Campus Buildings and Attractions
Distance Walking Biking Driving
TCF Bank Stadium 0.9 mi 18 min 7 min 2 min
Recreation and Wellness Center 1.2 mi 23 min 8 min 3 min
University of Minnesota Medical Center East 1.3 mi 26 min 9 min 3 min
Coffman Memorial Union 1.5 mi 29 min 15 min 5 min
Northrop Auditorium 1.6 mi 30 min 11 min 4 min
Nearby Hospitals
Name Distance
University Of Minnesota Medical Center Fairview East Bank Er 0.98 mi.
Shri NER S Hospital For Children 0.99 mi.
University Of Minnesota Medical Center East 1.0 mi.
Nearby Fire Stations
Name Distance
Falcon Heights Fire Department 2.04 mi.
Roseville Fire Department 2.96 mi.
Minneapolis Fire Department 3.7 mi.
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. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 622 to 886 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 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 $1,128 to $1,629. Flats at Malcolm Yards has 1 bedroom units available starting at $1,128 and 2 bedroom units available starting at $1,629.
Where is this property located?
This property is at 505 Malcolm Ave in Minneapolis, MN. It's 2.8 miles east from the center of Minneapolis.
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