Updated 4 Days Ago
Highlights
Pet Friendly
- Open layout
- Urban living
- Spacious residence
- Personal sanctuary
Location
1506 Park Ave, Minneapolis, MN 55404, USA|Elliot Park
Tour 1506 Park Ave
Contact
UpDown Property Management
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Property Overview
Strong value metrics pair with an open layout, spacious feel, and plenty of natural light, creating a comfortable urban living environment that can also serve as a personal sanctuary. Nearby wellness, parks, grocery options, cultural venues, and dining choices add convenience and a lively neighborhood setting.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Great for
Social life
Wellness
Amenities for 1506 Park Ave, Elliot Park
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
About 1506 Park Ave
Sweet deal!
This listing is 55% below the median price for 3 bedroom apartments in Elliot Park.
Illuminated by the vibrant energy of Minneapolis, 1506 Park Ave S - 3 offers a captivating blend of comfort and convenience in the heart of the city. This spacious 3-bedroom, 1-bathroom residence sprawls across 1,200 square feet, providing ample room for relaxation and creativity. Nestled in a dynamic neighborhood, this residence is perfectly positioned to enjoy the best of urban living while maintaining a serene, residential feel. The open layout invites natural light to dance through every room, highlighting the welcoming atmosphere and enhancing the sense of space. Each bedroom is designed to be a personal sanctuary, offering tranquility amidst the bustling city life. The full bathroom is a harmonious blend of function and style, catering to your daily routines with ease. A stone's throw from local amenities and public transportation, this home is the perfect hub for those who love to explore the vibrant culture of Minneapolis. Imagine sipping your morning coffee as the city awakens around you, with the promise of new adventures just beyond your doorstep. Make 1506 Park Ave S - 3 your own, and experience a truly unique urban lifestyle. Pets welcome on a case by case basis. Tenant Responsibilities: Electric Pre-Approval Costs: $55/18+ Adult for Application and Background Check Payments Due Upon Approval: Prorated Rent (if applicable) Security Deposit: One Month Rent 1st Full Month Rent Residential Renter's Insurance $10.95 Monthly Administrative Fee: $10.00 One Time Admin Fee: $150
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 1506 Park Ave, Minneapolis, MN 55404, USA compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from high schools
- The nearest high school is farther than 0.7 miles away
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 miles away
Address details
| Neighborhood | Elliot Park |
|---|---|
| Zip code | 55404 |
| Type | Apartment for rent |
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Rent trends in Elliot Park
3-bedroom apartments at 1506 Park Ave cost about 55% less than the average rent price for 3-bedroom apartments in Minneapolis.
Median rents as of Oct 10 2026.
Elliot Park
Minneapolis
| Month | Median Rent |
|---|---|
| October 2024 | $1,995 |
| November 2024 | $1,974 |
| December 2024 | $1,995 |
| January 2025 | $2,001 |
| February 2025 | $1,989 |
| March 2025 | $1,997 |
| April 2025 | $1,945 |
| May 2025 | $1,952 |
| June 2025 | $1,934 |
| July 2025 | $1,983 |
| August 2025 | $1,906 |
| September 2025 | $1,891 |
| October 2025 | $1,881 |
| November 2025 | $1,972 |
| December 2025 | $1,919 |
| January 2026 | $1,951 |
| February 2026 | $1,953 |
| March 2026 | $2,018 |
| April 2026 | $2,068 |
| May 2026 | $2,038 |
| June 2026 | $1,972 |
| July 2026 | $1,982 |
| August 2026 | $1,996 |
| September 2026 | $1,997 |
| October 2026 | $1,997 |
| Month | Median Rent |
|---|---|
| October 2024 | $3,841 |
| November 2024 | $3,808 |
| December 2024 | $2,967 |
| February 2025 | $2,000 |
| March 2025 | $2,000 |
| May 2025 | $2,400 |
| June 2025 | $2,700 |
| November 2025 | $2,200 |
| December 2025 | $2,425 |
| January 2026 | $3,005 |
| February 2026 | $3,238 |
| March 2026 | $2,424 |
| April 2026 | $1,950 |
| May 2026 | $1,895 |
| June 2026 | $1,977 |
| July 2026 | $2,010 |
| August 2026 | $1,900 |
| September 2026 | $2,105 |
| October 2026 | $3,016 |
Affordability calculator
Can I afford to live at 1506 Park Ave?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$60,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 3-bedrooms monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| Last month | $1,795 | 3 bed | 1 bath | ||
| 2 months ago | $1,900 | 3 bed | 1 bath |
Schools near 1506 Park Ave
Justice Alan Page Elementary School
999 nofound st
nofoundcity, MN, 88888
PK, K-5Public
Early Childhood Special Education
3320 elliot ave s
minneapolis, MN, 55407
PK, KPublic
B+
MPS Metro SJ
932 east 34th st
minneapolis, MN, 55407
K-12Public
MPS Metro HA
932 e. 34th st.
minneapolis, MN, 55407
K-12Public
River Bend Educational Center
1510 glenwood ave s
minneapolis, MN, 55405
K-12Public
Getting around Minneapolis near 1506 Park Ave
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 1506 Park Ave, Minneapolis
Groceries
9/10
Exceptional variety of groceries within a few minutes' walk
Shopping
8/10
Wide variety of shops within a few minutes' walk
Cafes
9/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
9/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
Other units at this address
1506 Park Ave, Minneapolis, MN
1506 Park Ave Minneapolis, MN
Occupied
3
3 Beds
1 Bath
$1,900
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