7 Hours Ago
Highlights
- In-unit laundry
- All-new appliances
- Near downtown
- Virtual tour
Location
408 4th St Se, Minneapolis, MN 55414, USA|Marcy - Holmes
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Property Overview
Lume receives a commendable overall rating of 8.8 from Zumper, reflecting its competitive pricing and excellent value for the amenities and location it offers. Notable features include in-unit laundry and all-new appliances, with a prime location near downtown enhancing convenience for residents. The property stands out for its impressive amenities, verified quality, and commitment to transparency, making it an attractive option for potential renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 400+ sqft | $950–$1,125 /mo | 5 units available | All-new appliances, in-unit laundry, and an unbeatable location near the University of Minnesota and downtown. Enjoy river access and convenient living with GoGopher Rentals! | |
| 2BR/2.0BA | 2 bed | 2 bath | 720 sqft | $1,675 /mo | 1 unit available | Nice 2 bed 2 bath unit ! Virtual tour: https my matterport com show ?m=DpEFqNMcDQj |
Let's explore this property.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 27 |
|---|
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About Lume
All-new appliances, in-unit laundry, and an unbeatable location near the University of Minnesota and downtown. Enjoy river access and convenient living with GoGopher Rentals!
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Lume is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Lume has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Lume offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Lume is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Lume is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·8A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
Anyone looking for quality at a great value will find Lume to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
Reviews from the web
Showing 4 highest rated
Awesome looking building that stands out in a sea of outdated exteriors.
Michael Bellotti
Oct 30, 2019
Really good quality build, sound dampening, and insulation from the crazy winter. Building manager very helpful addressing any needs and concerns. Lots of good places to eat in short walking distance. Most neighbors quiet and professional.
Christopher Chu
Jul 27, 2021
We’re sharing just 4 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
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 Lume compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.0 mile away
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Marcy - Holmes
Studio apartments at Lume cost about 21% less than the average rent price for studios in Marcy - Holmes.
If you decide to upgrade your space, you can expect 2-bedrooms at Lume to be 1% less than the average for similarly sized apartments in Marcy - Holmes.
Median rents as of Jan 24 2026.
Marcy - Holmes
Minneapolis
| Month | Median Rent |
|---|---|
| February 2024 | $925 |
| March 2024 | $1,016 |
| April 2024 | $1,024 |
| May 2024 | $1,097 |
| June 2024 | $1,041 |
| July 2024 | $1,031 |
| August 2024 | $1,083 |
| September 2024 | $1,070 |
| October 2024 | $1,041 |
| November 2024 | $1,025 |
| December 2024 | $1,015 |
| January 2025 | $993 |
| February 2025 | $1,001 |
| March 2025 | $1,006 |
| April 2025 | $978 |
| May 2025 | $967 |
| June 2025 | $1,014 |
| July 2025 | $982 |
| August 2025 | $1,033 |
| September 2025 | $1,019 |
| October 2025 | $993 |
| November 2025 | $988 |
| December 2025 | $1,098 |
| January 2026 | $1,081 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,047 |
| March 2024 | $1,062 |
| April 2024 | $1,148 |
| May 2024 | $1,295 |
| June 2024 | $1,229 |
| July 2024 | $1,201 |
| August 2024 | $1,268 |
| September 2024 | $1,238 |
| October 2024 | $1,107 |
| November 2024 | $1,295 |
| December 2024 | $1,314 |
| January 2025 | $1,355 |
| February 2025 | $1,219 |
| March 2025 | $1,371 |
| April 2025 | $1,327 |
| May 2025 | $1,330 |
| June 2025 | $1,324 |
| July 2025 | $1,395 |
| August 2025 | $1,352 |
| September 2025 | $1,205 |
| October 2025 | $1,123 |
| November 2025 | $1,176 |
| December 2025 | $1,199 |
| January 2026 | $1,199 |
Affordability calculator
Can I afford to live at 408 4th St Se?
Bedrooms
Rent-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
$38,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this studio monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.
Schools near Lume
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
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
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Internet available near Lume
Getting around Minneapolis near 408 4th St Se
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 408 4th St Se, Minneapolis
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
6/10
Variety of shops within walking distance
Cafes
6/10
Variety of cafés within walking distance
Restaurants
8/10
Variety of restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Parks
10/10
Very large amount of park space within a few minutes' walk
Nightlife
7/10
Variety of bars within walking distance
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