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Updated 3 hours ago

Varsity Apartments - 721


721 15th Ave SE Minneapolis, MN

Studio
•
1 Bath

200 - 300 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$745
200 ft2
1 Available
Managed By: Varsity Apartments
721-03
$745
Available Dec 15th, 2025
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Studio • 1 Bath
$795
300 ft2
1 Available
Managed By: Legion Properties
727-17
$795
Available Now
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Varsity Apartments - 721
Varsity Apartments - 721
Varsity Apartments - 721
Fees & leasing info
Lease & Fees
Security Deposit: $745
Property details
Additional Details
Total Unit Count: 16
Last Updated: Updated 3 hours ago
Contact Number: (651) 205-3515
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Comcast Corporation 987.0 35.0
CenturyLink, Inc. 940.0 940.0
ViaSat, Inc. 100.0 3.0
Nextera Holdings, LLC 50.0 50.0
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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 Varsity Apartments - 721 by bedroom type below.
Studio
Suggested income:
$26,800
per year
Rent report

Varsity Apartments - 721 Rent vs. Minneapolis Average

 Varsity Apartments - 721      Minneapolis Average
Studio
$745
$1,100
$0
$400
$800
$1,200
$1,600

Varsity Apartments - 721 is asking 32% less 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.

Varsity Apartments - 721 provides 54% less square footage than the average Minneapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Varsity Apartments - 721
Studio $745 $3.70 $2,235
Minneapolis Average
Studio $1,100 $2.50 $3,301
1BR $1,429 $2.20 $4,286
2BR $2,071 $2.00 $6,212
3BR $2,263 $1.80 $6,788
4BR $2,552 $1.80 $7,656

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 1,853 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
17% 44% 29% 6% 3%
Available Units in Minneapolis
Studio 732
1BR 1,853
2BR 1,211
3BR 249
4BR 147
Location
Nearby Colleges

University of Minnesota - Twin Cities

Augsburg College

Walden University

Capella University

Minneapolis Community and Technical College

Campus Buildings and Attractions
Distance Walking Biking Driving
Educational Sciences Building 0.7 mi 13 min 4 min 2 min
Northrop Auditorium 0.7 mi 14 min 4 min 2 min
Recreation and Wellness Center 0.9 mi 16 min 6 min 2 min
TCF Bank Stadium 1.0 mi 20 min 7 min 3 min
University of Minnesota Medical Center East 1.2 mi 23 min 8 min 3 min
Nearby Hospitals
Name Distance
University Of Minnesota Medical Center Fairview East Bank Er 0.78 mi.
University Of Minnesota Medical Center East 0.81 mi.
University Of Minnesota Medical Center 1.13 mi.
Nearby Fire Stations
Name Distance
Glenwood Fire Department 2.75 mi.
Metropolitan Airports Commission 2.85 mi.
Minneapolis Fire Department 2.85 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in on December 15, 2025.
What's the square footage of the available units?
It's 200 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 units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Varsity Apartments - 721 has a studio unit starting at $745.
Where is this property located?
This property is at 721 15th Ave SE in Minneapolis, MN. It's 1.7 miles east from the center of Minneapolis.
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