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Highlights

  • Pet Friendly
  • On-site laundry
  • In-unit laundry
  • Heat included
  • Covered parking
  • Pet friendly community
  • Electric vehicle charging

Location

505 Malcolm Ave Se, Minneapolis, MN 55414, USA|Prospect Park
Hi! Let’s figure out if this property is right for you.

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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

8.8
Very Good
With a solid 8.8 out of 10 overall, Flats at Malcolm Yards is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Flats at Malcolm Yards 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

  • Elementary school nearby
  • Middle school nearby
  • Dishwasher

Great for

  • Work-from-home
  • Pet owners

Floor plans

1101 bed1 bath622 sqft
1181 bed1 bath622 sqft
3151 bed1 bath622 sqft
4131 bed1 bath622 sqft
6061 bed1 bath645 sqft
6151 bed1 bath622 sqft
5041 bed1 bath622 sqft
5051 bed1 bath613 sqft
5241 bed1 bath622 sqft
6161 bed1 bath622 sqft

Let's explore this property.

Amenities for Flats at Malcolm Yards

Apartment Amenities

Air ConditioningBalcony
Ceiling FanHeat Included
Sewer IncludedWater Included

Appliances

DishwasherIn-Unit Laundry

Tech

High-Speed Internet

Building

Business CenterCats OK
ClubhouseDogs OK
ElevatorEV Charging
Fitness CenterOnsite Laundry
Residents LoungeRoof Deck

Grounds

Assigned ParkingPet-Friendly Community
Storage

Services

On-Site MaintenanceOn-Site Management
Package ServiceProfessional Onsite Management
Trash Removal Included

Neighborhood

On 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

Units143
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About Flats at Malcolm Yards

HomeApartments in MinneapolisProspect Park Flats at Malcolm Yards

Flats at Malcolm Yards is a Minneapolis Apartment located at 505 Malcolm Ave. The property features 1 BR rental units available starting at $1201. Amenities include Dogs Ok, Cats Ok, Pet Friendly Community, On-Site Laundry, and In-Unit Laundry. Water Included, Sewer Included, Trash Removal Included, and Heat Included included. Covered Parking parking and Electric Vehicle Charging 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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, Flats at Malcolm Yards is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Flats at Malcolm Yards 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 Flats at Malcolm Yards
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.
Flats at Malcolm Yards 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·10A 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.
Flats at Malcolm Yards stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Flats at Malcolm Yards 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 Flats at Malcolm Yards 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.

Flats at Malcolm Yards is great for:

Work-from-home

  • High speed internet is an amenity
  • Common areas for meetings or remote work
  • 2 coworking spaces or cafes within 1 mile

Pet owners

  • Outdoor spaces are available at this property
  • 1 dog park within 1 mile
  • 1 pet hospital in the area
  • 2 pet supply stores near the property

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 Flats at Malcolm Yards compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.3 mile away
Middle school nearby
There is a middle school 0.3 mile away
Dishwasher
Dishwasher available in kitchen
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
Outdoor space
Easy access to the outdoors
Package service
More secure storage for delivery

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Prospect Park

Median rents as of Oct 25 2025.
Prospect Park
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 Prospect Park
MonthMedian Rent
November 2023$1,265
December 2023$1,262
January 2024$1,265
February 2024$1,237
March 2024$1,280
April 2024$1,297
May 2024$1,300
June 2024$1,298
July 2024$1,298
August 2024$1,280
September 2024$1,271
October 2024$1,227
November 2024$1,295
December 2024$1,295
January 2025$1,325
February 2025$1,294
March 2025$1,273
April 2025$1,301
May 2025$1,324
June 2025$1,355
July 2025$1,339
August 2025$1,254
September 2025$1,313
October 2025$1,341

Schools near Flats at Malcolm Yards

Pratt Elementary School

66 malcolm ave se

minneapolis, MN, 55414

PK, K-5Public
C+

MPS Metro HA

932 e. 34th st.

minneapolis, MN, 55407

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

River Bend Educational Center

1510 glenwood ave s

minneapolis, MN, 55405

K-12Public
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Internet available near Flats at Malcolm Yards

Neighborhood

Prospect Park | Minneapolis, MN

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Minneapolis near 505 Malcolm Ave Se

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
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.

Transit

6/10
Popular public transit options are just a short walk from this location.

Points of interest for 505 Malcolm Ave Se, Minneapolis

Groceries

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

Shopping

4/10
Some shops within walking distance

Cafes

4/10
Few or no cafés within walking distance

Restaurants

6/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

8/10
At least one high school within a 10-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

4/10
Few or no bars within walking distance

Explore the area around 505 Malcolm Ave Se

Fresh Thyme Market
24 30th Ave SE
Raymond Ave Co-op at Hampden
928 Raymond Ave
Tim & Tom's Speedy Market Inc
2310 Como Ave
Seward Community Co-op
2823 E Franklin Ave
Kosmoski's Specialty Co
2715 E 25th St

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