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9 Hours Ago
Highlights
New Construction
Pet Friendly
Location
550 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” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Dishwasher- Elevator
- Images Available
Floor plans
| 414 | Studio | 1 bath | 419 sqft | |||
| 603 | Studio | 1 bath | 419 sqft | |||
| 108 | 2 bed | 1 bath | 727 sqft | |||
| 408 | 2 bed | 1 bath | 733 sqft | |||
| 608 | 2 bed | 1 bath | 733 sqft | |||
| 602 | 2 bed | 1 bath | 736 sqft | |||
| 105 | 3 bed | 2 bath | 1,116 sqft | |||
| 516 | 3 bed | 2 bath | 989 sqft | |||
| 612 | 3 bed | 2 bath | 1,067 sqft | |||
| 601 | 4 bed | 2 bath | 1,293 sqft |
Let's explore this property.
Amenities for Lakefield Apartments
Apartment Amenities
| Air Conditioning | Balcony |
| Heat Included | Sewer Included |
| Walk-in Closet | Water Included |
Appliances
| Central A/C | Dishwasher |
| Range/Oven | Refrigerator |
Tech
| Cable Ready | Internet Included |
Building
| Business Center | Cats OK |
| Controlled Access | Disability Access |
| Dogs OK | Elevator |
| Fitness Center | Onsite Laundry |
| Recreation Room | Residents Lounge |
Grounds
| Gated Entry | On Street Parking |
Services
| On-Site Maintenance | On-Site Management |
| Online Community Portal | Package Service |
| Professional Onsite Management | Trash Removal Included |
Neighborhood
| On Bus Line |
Other
| Online Payments |
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
| Year built | 2025 |
|---|---|
| Units | 110 |
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About Lakefield Apartments
Lakefield Apartments is a Minneapolis Apartment located at 550 W Lake St. The property features Studio - 4 rental units available starting at $1006. Amenities include Dogs Ok, Cats Ok, Pet Friendly Community, and On-Site Laundry. Heat Included, Internet Included, Water Included, Trash Removal Included, and Sewer Included included. Covered Parking parking and On-Street Parking parking available. Contact us for a showing.
Year Built: 2025
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.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, Lakefield Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Lakefield Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
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.
Lakefield 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·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.
Lakefield Apartments 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.
Lakefield 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Lakefield Apartments to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A 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.
Lakefield Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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 Lakefield Apartments compares to other nearby properties.
Positives
- 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
- Walk-in closet
- More closet space on average
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Rent trends in Lyn Lake
Median rents as of Oct 25 2025.
Lyn Lake
Minneapolis
| Month | Median 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 |
| Month | Median 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 Lakefield 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 Lakefield Apartments
Getting around Minneapolis near 550 W Lake St
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
8/10
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
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 550 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
7/10
Variety of cafés within walking distance
Restaurants
8/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 20-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
6/10
Variety of bars within walking distance
Explore the area around 550 W Lake St
Ainu Shams Halal Foods LLC
123 W Lake St
Cub
1104 Lagoon Ave
Marissa's Inc
2750 Nicollet Ave
ALDI
2601 Lyndale Ave S
Shuang Hur Supermarket
2710 Nicollet Ave
Zizi Boutique
413 W Lake St
Bondesque
707 W Lake St
Venus Unveiled
711 W Lake St
Top Shelf
3040 Lyndale Ave S
Mandeeq Boutique
2910 Pillsbury Ave S
Youngblood Coffee Roasters
2930 Lyndale Ave S
Wuollet
822 W Lake St
Carley Coffee
821 W Lake St
Galeeyr Coffee Corp
2910 Pillsbury Ave S
Hanan Coffee
2910 Pillsbury Ave S
Jade Dynasty Restaurant & Bar
600 W Lake St
Iron Door Pub
3001 Lyndale Ave S
Beckett's
3006 Lyndale Ave S
Moto-I
2940 Lyndale Ave S
El Jefe Cocina & Bar
2916 Lyndale Ave S
Laila Bakery
2910 Pillsbury Ave S
Los Gallos La Villita
2734 Nicollet Ave
Lowry Hills Cafes Inc
2610 Lyndale Ave S
Shuang Hur Supermarket
2710 Nicollet Ave
Nature's Wisdom Health Shoppe
2516 Lyndale Ave S
Bryant Square
Pointer Park
Whittier Park
28th Street Totlot
Mueller Park
Los Andes Latin Bistro
607 W Lake St
Los Andes Restaurant
607 W Lake St
Pizza Shack
607 W Lake St
Jade Dynasty Restaurant & Bar
600 W Lake St
Trio Plant-Based
610 W Lake St
Lake St W & Grand Ave S
Lake St W & Lyndale Ave S
31st St W & Harriet Ave S
Lake St W & Grand Ave S
Lyndale Ave S & Lake St W
,
Target Field Station & Rail Platform
Northstar Commuter Rail
Franklin Ave Station
METRO Blue Line
Franklin Ave Station
METRO Blue Line
Cedar Riverside Station
METRO Blue Line
Government Plaza Station
METRO Blue Line, METRO Green Line
Cedar Riverside Station
METRO Blue Line
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