Listed 5+ Days Ago
Location
501 1st St W #501B, Northfield, MN 55057, USA
Tour 501 1st St W #501B
Contact
Northfield Equities, LLC
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Property Overview
Conveniently located in Northfield, this home offers practical access to local amenities and a setting that may appeal to buyers seeking everyday convenience. It stands out for its approachable layout and features that support comfortable, low-maintenance living.
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- Middle school nearby
- Central heat
Great for
Work-from-home
Amenities for 501 1st St W #501B
Apartment Amenities
| Hardwood Floor | Renovated |
| Window Coverings |
Appliances
| In-Unit Laundry | Microwave |
| Oven/Range | Refrigerator |
| Stove |
Tech
| Internet |
Building
| Onsite Laundry |
Neighborhood
| Near Park |
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
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 501 1st St W #501B
Recently remodeled cozy studio apartment located two blocks from downtown Northfield and four blocks from St. Olaf College. This clean and inviting unit is within walking distance of restaurants, grocery stores, farmers markets, live music and shops. This studio is located in a mature, quiet, and safe neighborhood. Located on the first floor this unit has a private entrance and receives lots of natural sunlight at all times of the day. UtilitiesTenant Paid: Internet & Electric & HeatOwner Paid: Water, Sewer, GarbageMinimum Qualification Standards –applications must meet these standards-Applicant must have current and valid photo identification and a valid social security number.-Applicant's household income must be 3x the monthly rent-All income must be from a verifiable source. Unverifiable income will not be considered.-Applicants must receive positive references from ALL previous landlords for the previous 5 years.-Applicant may not have any evictions or unpaid judgments from previous landlords.- Credit score must be a minimum of 600. A background and credit check will be conducted on all applicants over 18.-Applicant's criminalbackground must exhibit a pattern of responsibility.-Applicant must be a non-smoker.-Applicant may not have any pets on the property.-Applicant must provide proof of renters insurance upon lease signing.
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 501 1st St W, Northfield, MN 55057, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Middle school nearby
- There is a middle school 0.2 mile away
- Central heat
- This address offers a climate controlled environment
- Images available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
Address details
| Zip code | 55057 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Northfield
studio apartments at 501 1st St W #501B cost about 33% less than the average rent price for studio apartments in Northfield.
Median rents as of Aug 22 2026.
Northfield
| Month | Median Rent |
|---|---|
| September 2024 | $1,120 |
| October 2024 | $1,015 |
| November 2024 | $1,030 |
| December 2024 | $1,000 |
| January 2025 | $1,000 |
| February 2025 | $1,086 |
| March 2025 | $1,105 |
| April 2025 | $1,240 |
| May 2025 | $1,269 |
| June 2025 | $1,285 |
| July 2025 | $1,300 |
| August 2025 | $1,266 |
| September 2025 | $1,209 |
| October 2025 | $1,288 |
| November 2025 | $1,271 |
| December 2025 | $1,188 |
| January 2026 | $1,109 |
| February 2026 | $1,131 |
| March 2026 | $1,000 |
| April 2026 | $990 |
| May 2026 | $1,092 |
| June 2026 | $1,101 |
| July 2026 | $1,008 |
| August 2026 | $1,209 |
Affordability calculator
Can I afford to live at 501 1st St W #501B?
Bedrooms
StudioRent-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
$35,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,000 annually to afford this studio monthly rent price of $875.
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 | $900 | Studio | 1 bath | ||
| 4 months ago | $1,450 | 2 bed | 1 bath | ||
| 6 months ago | $1,400 | 2 bed | 1 bath |
Schools near 501 1st St W #501B
Northfield Portage Elementary
201 orchard st s
northfield, MN, 55057
K-5Public
Greenvale Park Elementary School
500 lincoln pkwy
northfield, MN, 55057
K-5Public
A-
Northfield Community Education Center
700 lincoln parkway
northfield, MN, 55057
PKPublic
Minnesota State Academy for the Deaf
615 olof hanson dr
faribault, MN, 55021
PK, K-12Public
McKinley Pre-K
930 4th ave nw
faribault, MN, 55021
PKPublic
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Internet available near 501 1st St W #501B
Neighborhood
Getting around Northfield near 501 1st St W #501B
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Points of interest for 501 1st St W #501B, Northfield
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
4/10
Variety of shops within a short drive
Cafes
4/10
Some cafés within a short drive
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
2/10
Some bars within a short drive
Other units at this address
501 1st St W, Northfield, MN
501 1st St W Northfield, MN
Occupied
501
2 Beds
1 Bath
$1,400
In-Unit Laundry • Balcony • Microwave • On-Site Laundry • Dishwasher
Occupied
503
2 Beds
1 Bath
$1,400
Hardwood Floor • In-Unit Laundry • Balcony • Microwave • On-Site Laundry • Central Heat
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