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Home / Minneapolis Area Apartments / Woodbury / Reserve at Settlers Ridge I & II
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Updated 2 hours ago

Reserve at Settlers Ridge I & II


503 Karen Dr Woodbury, MN

1 - 4 Bed
•
1 - 2 Bath

658 - 1,445 Sq. Ft.

Available Now
Deal

Pay no rent until November 1st with select apartments! Plus, reduced rates on our 2-bedroom homes! Need covered parking too? Rent a garage space and pay no rent until November 1st also! Contact our leasing team for more details.
Floor plans
1 Bed • 1 Bath
$1,323 - $1,408
658 ft2
18 Available
Unit 317
$1,408
Available Now
View
Unit 230
$1,323
Available Oct 18th, 2026
View
Unit 528
$1,323
Available Oct 18th, 2026
View
Unit 415
$1,408
Available Oct 18th, 2026
View
Unit 416
$1,408
Available Oct 18th, 2026
View
Unit 417
$1,408
Available Oct 18th, 2026
View
Unit 418
$1,408
Available Oct 18th, 2026
View
Unit 504
$1,408
Available Oct 18th, 2026
View
Unit 404
$1,408
Available Oct 18th, 2026
View
Unit 204
$1,408
Available Oct 18th, 2026
View
Unit 304
$1,408
Available Oct 18th, 2026
View
Unit 318
$1,408
Available Oct 18th, 2026
View
Unit 316
$1,408
Available Oct 18th, 2026
View
Unit 315
$1,408
Available Oct 18th, 2026
View
Unit 215
$1,408
Available Oct 18th, 2026
View
Unit 218
$1,408
Available Oct 18th, 2026
View
Unit 217
$1,408
Available Oct 18th, 2026
View
Unit 216
$1,408
Available Oct 18th, 2026
View
View Rented Units
2 Beds • 2 Bath
$1,599 - $1,688
934 ft2
0 Available
Unit 411
$1,599+
Rented
View
Unit 320
$1,599
Rented
View
Unit 520
$1,599+
Rented
View
Unit 403
$1,599+
Rented
View
Unit 406
$1,599+
Rented
View
Unit 525
$1,599+
Rented
View
Unit 507
$1,599+
Rented
View
Unit 407
$1,599+
Rented
View
Unit 414
$1,599+
Rented
View
Unit 425
$1,599+
Rented
View
2 Beds • 2 Bath
$1,599
954 ft2
0 Available
Unit 309
$1,599
Rented
View
3 Beds • 2 Bath
$1,940
1340 ft2
1 Available
Unit 423
$1,940
Available Oct 18th, 2026
View
View Rented Units
3 Beds • 2 Bath
$2,284
1353 ft2
1 Available
Unit 501
$2,284
Available Oct 18th, 2026
View
View Rented Units
3 Beds • 2 Bath
$2,284
1337 ft2
1 Available
Unit 233
$2,284
Available Oct 18th, 2026
View
View Rented Units
3 Beds • 2 Bath
$2,284
1320 ft2
1 Available
Unit 515
$2,284
Available Oct 18th, 2026
View
View Rented Units
3 Beds • 2 Bath
$2,284
1297 ft2
1 Available
Unit 302
$2,284
Available Oct 18th, 2026
View
View Rented Units
4 Beds • 2 Bath
$2,165
1445 ft2
1 Available
Unit 432
$2,165
Available Now
View
View Rented Units
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Where you'll live
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Reserve at Settlers Ridge I & II
Reserve at Settlers Ridge I & II
Reserve at Settlers Ridge I & II
Amenities
Air Conditioning
Fitness Center
Dishwasher
Microwave
Granite Countertop
Elevator
Clubhouse
Playground
Stainless Appliances
Fees & leasing info
Parking
Electric Vehicle Charging
Lease & Fees
Lease Length:

None

Property details
Description

The Reserve at Settlers Ridge is a brand-new income-restricted apartment community nestled at 503 Karen Drive in Woodbury, Minnesota. Offering 1-, 2-, 3-, and 4-bedroom apartment homes ranging from 658 to 2,072 square feet, with 1- and 2-bedroom homes currently available, our community is designed for residents who meet income qualification guidelines and are seeking a home in one of the Twin Cities’ most desirable suburban locations.

Additional Details
Total Unit Count: 252
Last Updated: Updated 2 hours ago
Contact Number: (651) 448-7145
Property manager information
Real Estate Equities
Office Hours
Monday: 10:30 AM - 6:00 PM
Tuesday: 10:30 AM - 6:00 PM
Wednesday: 10:30 AM - 6:00 PM
Thursday: 10:30 AM - 6:00 PM
Friday: 10:30 AM - 5:00 PM
Saturday: 10:00 AM - 4:00 PM
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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 Reserve at Settlers Ridge I & II by bedroom type below.
1 Bedroom
Suggested income:
$50,300
per year
3 Bedroom
Suggested income:
$79,700
per year
4 Bedroom
Suggested income:
$77,900
per year
Rent report

Reserve at Settlers Ridge I & II Rent vs. Woodbury Average

 Reserve at Settlers Ridge I & II      Woodbury Average
1BR
$1,399
$1,482
$0
$500
$1,000
$1,500
$2,000
3BR
$2,215
$2,101
$0
$750
$1,500
$2,250
$3,000
4BR
$2,165
$3,266
$0
$1,100
$2,200
$3,300
$4,400

Reserve at Settlers Ridge I & II is asking 6% less than the average 1 bedroom apartment in Woodbury.

If you upsized to an average priced Woodbury 2 bedroom apartment, you would pay 16% more per month.

If you downsized to an average priced Woodbury studio apartment, you would pay 23% more per month.

Reserve at Settlers Ridge I & II provides 23% less square footage than the average Woodbury 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Reserve at Settlers Ridge I & II
1BR $1,399 $2.10 $4,196
3BR $2,215 $1.70 $6,646
4BR $2,165 $1.50 $6,495
Woodbury Average
Studio $1,920 $4.80 $5,760
1BR $1,482 $1.70 $4,445
2BR $1,766 $1.50 $5,297
3BR $2,101 $1.30 $6,304
4BR $3,266 $1.20 $9,798

Availability in Woodbury

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 220 2BR units on the market in Woodbury. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
1% 24% 59% 14% 2%
Available Units in Woodbury
Studio 3
1BR 90
2BR 220
3BR 52
4BR 8
Location
Nearby Colleges

Century Community and Technical College

Metropolitan State University

FAQs
Is this property currently leasing units?
Yes. There are 24 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 24 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 658 to 1,445 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 1, 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 $1,323 to $2,284. Reserve at Settlers Ridge I & II has 1 bedroom units available starting at $1,323, 3 bedroom units available starting at $1,940, and 4 bedroom units available starting at $2,165.
Where is this property located?
This property is at 503 Karen Dr in Woodbury, MN. It's 3.7 miles east from the center of Woodbury.
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