Updated 5+ Days Ago
Location
515 N 1st St #405, Minneapolis, MN 55401, USA|Warehouse District
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Property Overview
Located in the North Loop, this condo offers an urban setting close to dining, shopping, transit, and the Mississippi riverfront. Its updated interior, open layout, and strong natural light make everyday living comfortable and convenient.
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- Elevator
- Images available
Great for
Eco living
Social life
Work-from-home
Amenities for 515 N 1st St #405, Warehouse District
Features
| Balcony | Carpet |
| Central Air | Hardwood Floor |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Elevator | Fitness Center |
| Onsite Laundry |
Grounds
| Garage Parking | Storage |
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
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About 515 N 1st St #405
Property Status: Active Beautiful top-floor condo in the highly desirable River Station community, perfectly situated in the heart of Minneapolis' vibrant North Loop. Located in an intimate four-story building, this bright and airy residence offers a peaceful treetop setting while keeping you just steps from everything the neighborhood has to offer. The open-concept floor plan seamlessly connects the kitchen, dining, and living areas, creating an inviting space for everyday living and entertaining. Step outside to your private balcony and enjoy downtown skyline and tree-lined views. The spacious primary suite provides a comfortable retreat, while additional highlights include in-unit laundry, dark-stained maple hardwood floors, tiled kitchen backsplash, newer lighting, bedroom carpeting, a private storage unit, building elevator, and two conveniently located underground garage stalls. River Station is known for its exceptional setting, with 12 buildings surrounded by expansive green space and landscaped walking paths-an uncommon find in downtown Minneapolis. Enjoy an outstanding North Loop lifestyle just blocks from acclaimed restaurants, cafes, nightlife, shopping, fitness, Target Field, entertainment, and the scenic Mississippi Riverfront. Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 515 N 1st St, Minneapolis, MN 55401, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Elevator
- Improved accessibility features
- Images available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
Address details
| Neighborhood | Warehouse District |
|---|---|
| Zip code | 55401 |
| Type | Condo for rent |
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Rent trends in Warehouse District
2-bedroom apartments at 515 N 1st St #405 cost about 9% less than the average rent price for 2-bedroom apartments in Minneapolis.
Median rents as of Sep 12 2026.
Warehouse District
Minneapolis
| Month | Median Rent |
|---|---|
| September 2024 | $1,845 |
| October 2024 | $1,826 |
| November 2024 | $1,780 |
| December 2024 | $1,800 |
| January 2025 | $1,784 |
| February 2025 | $1,759 |
| March 2025 | $1,726 |
| April 2025 | $1,694 |
| May 2025 | $1,690 |
| June 2025 | $1,678 |
| July 2025 | $1,676 |
| August 2025 | $1,722 |
| September 2025 | $1,719 |
| October 2025 | $1,733 |
| November 2025 | $1,729 |
| December 2025 | $1,693 |
| January 2026 | $1,723 |
| February 2026 | $1,757 |
| March 2026 | $1,751 |
| April 2026 | $1,781 |
| May 2026 | $1,748 |
| June 2026 | $1,750 |
| July 2026 | $1,746 |
| August 2026 | $1,758 |
| September 2026 | $1,785 |
| Month | Median Rent |
|---|---|
| September 2024 | $2,444 |
| October 2024 | $2,351 |
| November 2024 | $2,476 |
| December 2024 | $2,565 |
| January 2025 | $2,569 |
| February 2025 | $2,668 |
| March 2025 | $2,651 |
| April 2025 | $2,754 |
| May 2025 | $2,704 |
| June 2025 | $2,870 |
| July 2025 | $2,980 |
| August 2025 | $2,611 |
| September 2025 | $2,667 |
| October 2025 | $2,732 |
| November 2025 | $2,748 |
| December 2025 | $2,746 |
| January 2026 | $2,699 |
| February 2026 | $2,705 |
| March 2026 | $2,632 |
| April 2026 | $2,662 |
| May 2026 | $3,030 |
| June 2026 | $3,045 |
| July 2026 | $2,766 |
| August 2026 | $2,618 |
| September 2026 | $2,749 |
Affordability calculator
Can I afford to live at 515 N 1st St #405?
Bedrooms
2 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
$99,960/yr
With your selected rent-to-income ratio, you'd ideally want to make $99,960 annually to afford this 2-bedrooms monthly rent price of $2,499.
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 | |||||
|---|---|---|---|---|---|
| 1 year ago | $2,295 | 2 bed | 2 bath | ||
| 4 years ago | $1,695 | 1 bed | 1 bath | ||
| 4 years ago | $2,200 | 2 bed | 2 bath | ||
| 4 years ago | $2,100 | 2 bed | 2 bath | ||
| 7 years ago | $1,895 | 2 bed | 2 bath | ||
| 7 years ago | $1,895 | 2 bed | 2 bath | ||
| 7 years ago | $2,295 | 2 bed | 1.5 bath | ||
| 7 years ago | $1,995 | 2 bed | 2 bath | ||
| 7 years ago | $1,995 | 2 bed | 2 bath |
Schools near 515 N 1st St #405
Justice Alan Page Elementary School
999 nofound st
nofoundcity, MN, 88888
PK, K-5Public
Webster Elementary School
425 5th st ne
minneapolis, MN, 55413
PK, K-5Public
C+
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
MPS Online K-5
1250 west broadway ave
minneapolis, MN, 55411
K-5Public
C+
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Internet available near 515 N 1st St #405
Getting around Minneapolis near 515 N 1st St #405
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 515 N 1st St #405, Minneapolis
Groceries
9/10
Wide variety of groceries within a few minutes' walk
Shopping
9/10
Wide variety of shops within a few minutes' walk
Cafes
10/10
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 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 515 N 1st St #405
Whole Foods Market
222 Hennepin Ave S
Food & Drink Inc
711 Hennepin Ave
Lunds & Byerlys
25 University Ave SE
Big Cheese Co
81 S 9th St
Target Corporation
1000 Nicollet Mall
SGT Petersons Boot Camps
415 N 1st St
Madewell
124 3rd Ave N
lululemon
134 3rd Ave N
Ribnick Luxury Outerwear
224 N 1st St
Vow'd
222 N 2nd St
Fairgrounds Coffee & Tea
120 3rd Ave N
Corner Coffee
514 3rd St N
In the Loop Coffee Company
708 N 1st St
Hopper's Mini Donuts LLC
701 Washington Ave N
FRGMNT Coffee
729 Washington Ave N
Stilheart
124 3rd Ave N
Cobble Social House
213 3rd Ave N
Barcelona Wine Bar
508 Washington Ave N
Hewing Bar & Lounge
300 Washington Ave N
Demi
212 N 2nd St
Nothing Bundt Cakes
316 N 2nd St
Bellecour Bakery
210 N 1st St
Classic Cookie Co
200 S 5th St
Kramarczuk's Sausage Co Inc
215 E Hennepin Ave
Wuollet Bakery Inc
200 S 6th St
North Loop Playground
North Loop Green
Gateway Park
North Loop Park
North Loop Dog Park
Egg on A Roll
201 5th Ave N
sweetgreen
212 3rd Ave N
Crisp & Green
428 Washington Ave N
Maison Margaux
224 N 1st St
Barcelona Wine Bar
508 Washington Ave N
1st St N & 4th Ave N
1st St N & 4th Ave N
1st St N & #515
1st St N & Creamette Lofts
2nd St N & 3rd Ave - Layover
Target Field Station & Rail Platform
Northstar Commuter Rail
Target Field Station Platform 1
METRO Blue Line, METRO Green Line
Target Field Station Platform 1
METRO Blue Line, METRO Green Line
Target Field Station Platform 2
METRO Blue Line, METRO Green Line
Target Field Station Platform 2
METRO Blue Line, METRO Green Line
Warehouse District Hennepin Ave Station
METRO Blue Line, METRO Green Line
Other units at this address
515 N 1st St, Minneapolis, MN
515 N 1st St Minneapolis, MN
Occupied
412
1 Bed
1 Bath
$1,695
Balcony • In-Unit Laundry • Dishwasher • Assigned Parking • Hardwood Floor • Air Conditioning
Occupied
300
2 Beds
2 Baths
$1,700
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