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Highlights

  • Pet Friendly
  • Off-street parking
  • Covered parking
  • Pet friendly community

Location

500 W Lake St, Minneapolis, MN 55408, USA|Lyn Lake
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Property Overview

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Lago Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Lago Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Dishwasher
  • Elevator

Great for

  • Wellness
  • Pet owners
  • Social life

Floor plans

203Studio1 bath392 sqft
429Studio1 bath393 sqft
2181 bed1 bath488 sqft
5141 bed1 bath488 sqft
7281 bed1 bath507 sqft
5281 bed1 bath507 sqft
4171 bed1 bath654 sqft
6281 bed1 bath507 sqft
7081 bed1 bath522 sqft
5012 bed1 bath785 sqft

Let's explore this property.

Amenities for Lago Apartments

Apartment Amenities

BalconyLiving Room
Quartz Countertops

Appliances

DishwasherStainless Steel Appliances

Tech

Cable Ready

Building

Business CenterCats OK
Dogs OKElevator
Fitness CenterRecreation Room
Residents LoungeRoof Deck

Grounds

Off-Street ParkingPet-Friendly Community
Storage

Services

On-Site ManagementPackage Service
Professional Onsite Management

Neighborhood

Near Grocery StoreOn Bus Line
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

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1
Building details

Property details

Units132
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About Lago Apartments

HomeApartments in MinneapolisLyn Lake Lago Apartments

Lago Apartments is a Minneapolis Apartment located at 500 W Lake St. The property features Studio - 2 rental units available starting at $1275. Amenities include Dogs Ok, Cats Ok, and Pet Friendly Community. Covered Parking parking and Off-Street Parking parking available. Contact us for a showing.


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.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Lago Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Lago Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Lago Apartments
Price·9A 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.
Lago Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A 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.
Lago Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including business center. Renters looking for popular or luxurious features will find them here—and for that reason, Lago Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Lago Apartments 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·6A 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.
While Lago Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.

Lago Apartments is great for:

Wellness

  • On-site fitness center or gym
  • There are 38 grocery stores within 1 mile
  • 57 gyms or yoga centers nearby
  • 11 farmers markets or health food stores nearby

Pet owners

  • Outdoor spaces are available at this property
  • 4 pet hospitals in the area
  • 8 pet supply stores near the property
  • 1 pet grooming service nearby

Social life

  • 242 restaurants within 1 mile of this property
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • This community has public spaces on site, like fitness centers or pools
  • 403 mixed-use spaces nearby

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 Lago Apartments compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away
Dishwasher
Dishwasher available in kitchen
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors
Package service
More secure storage for delivery

Considerations

No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Lyn Lake

Median rents as of Oct 25 2025.
Lyn Lake
Minneapolis
A table of studio rental data trends in Minneapolis
MonthMedian Rent
November 2023$1,043
December 2023$994
January 2024$964
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
A table of studio rental data trends in Lyn Lake
MonthMedian Rent
November 2023$959
December 2023$945
January 2024$889
February 2024$863
March 2024$879
May 2024$1,199
June 2024$1,106
July 2024$1,171
August 2024$998
September 2024$995
October 2024$958
November 2024$925
December 2024$905
January 2025$1,002
February 2025$1,023
March 2025$997
April 2025$1,036
May 2025$1,063
June 2025$1,109
July 2025$1,106
August 2025$1,119
September 2025$1,122
October 2025$1,122

Schools near Lago Apartments

Ella Baker Global Studies and Humanities School

1200 w 26th st

minneapolis, MN, 55405

PK, K-8Public
C

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

River Bend Educational Center

1510 glenwood ave s

minneapolis, MN, 55405

K-12Public

MPS Metro HA

932 e. 34th st.

minneapolis, MN, 55407

K-12Public
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Internet available near Lago Apartments

Getting around Minneapolis near 500 W Lake St

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

9/10
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 500 W Lake St, Minneapolis

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

8/10
Variety of shops within a few minutes' walk

Cafes

6/10
Variety of cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

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 20-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

6/10
Some bars within walking distance

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