Zumper
modified
5 Hours Ago

Highlights

  • On-site laundry
  • Walk-in closets
  • Modern living
  • Plush carpeting
  • Updated appliances
  • Spacious living area

Location

732 E 16th St, Minneapolis, MN 55404, USA|Elliot Park
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Tour 732 East 16th Street (New Town)

Contact

Management

Minnesota Apartments LLC

Leasing office

(612) 886-3484

Property Overview

732 East 16th Street offers a strong combination of quality and convenience, highlighted by a Zumper expert rating of 8.4. This property features modern living with amenities like on-site laundry, spacious living areas, and updated appliances, while its excellent location rating of 9 out of 10 ensures proximity to schools, parks, restaurants, and fitness options. Competitive pricing and a high trustworthiness rating further enhance its appeal for prospective renters seeking a vibrant community and lifestyle.

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

8.4
Very Good
With a solid 8.4 out of 10 overall, 732 East 16th Street (New Town) is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 732 East 16th Street (New Town) 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

  • Middle school nearby
  • Less expensive

Great for

  • Work-from-home
  • Social life
  • Wellness

Floor plans

2BR/1.0BA2 bed1 bath670 sqft$1,100 /mo1 unit availableOur spacious apartment features an open floor plan with soaring 9-foot ceilings, offering a bright and modern atmosphere. Enjoy the best of both comfort and style with luxury vinyl flooring, plush carpeting, and sleek modern finishes throughout. Convenient on-site laundry adds to the ease of living. Located in a newly renovated historic building in downtown Minneapolis, this apartment offers updated appliances and dishwashers in select units, walk-in closets in select units, and updated flooring. The spacious living area features plenty of storage and large windows that flood the space with natural light. Renters insurance and proof of utility transfer are required before move-in. This is a no-smoking building. Just minutes from top attractions and with easy access to major highways, this is the perfect spot for those seeking convenience and modern living. Make this beautiful space your new home today! Market Rent: $1,100/Month Gas & Trash: $95/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $1,100 - Security Deposit $125 - Move-In Admin Fee $50 - Pet Rent, if applicable $450 - Pet Fee, if applicable $50 - Parking Spot, if applicable Deposit is equal to one month's rent. Application requires a nonrefundable $50 fee. It is a smoke-fee community. Renters insurance and proof of utility transfer are required before move in. Application link can be found here: mnapts. com vacancies Equal Housing Opportunity.

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Amenities for 732 East 16th Street (New Town)

Apartment Amenities

GasTrash
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

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units12
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About 732 East 16th Street (New Town)

HomeApartments in MinneapolisElliot Park 732 East 16th Street (New Town)

Our spacious apartment features an open floor plan with soaring 9-foot ceilings, offering a bright and modern atmosphere. Enjoy the best of both comfort and style with luxury vinyl flooring, plush carpeting, and sleek modern finishes throughout. Convenient on-site laundry adds to the ease of living. Located in a newly renovated historic building in downtown Minneapolis, this apartment offers updated appliances and dishwashers in select units, walk-in closets in select units, and updated flooring. The spacious living area features plenty of storage and large windows that flood the space with natural light. Renters insurance and proof of utility transfer are required before move-in. This is a no-smoking building. Just minutes from top attractions and with easy access to major highways, this is the perfect spot for those seeking convenience and modern living. Make this beautiful space your new home today! Market Rent: $1,100/Month Gas & Trash: $95/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $1,100 - Security Deposit $125 - Move-In Admin Fee $50 - Pet Rent, if applicable $450 - Pet Fee, if applicable $50 - Parking Spot, if applicable Deposit is equal to one month's rent. Application requires a nonrefundable $50 fee. It is a smoke-fee community. Renters insurance and proof of utility transfer are required before move in. Application link can be found here: mnapts. com vacancies Equal Housing Opportunity.


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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 732 East 16th Street (New Town) is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 732 East 16th Street (New Town) 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 732 East 16th Street (New Town)
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.
732 East 16th Street (New Town) 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·8A 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.
With multiple in-demand amenities, 732 East 16th Street (New Town) is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
732 East 16th Street (New Town) 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 732 East 16th Street (New Town) 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.

732 East 16th Street (New Town) is great for:

Work-from-home

  • Large windows for natural lighting
  • 6 office supply stores within 1 mile
  • 17 coworking spaces or cafes within 1 mile
  • 5 internet service provider options nearby

Social life

  • 402 restaurants within 1 mile of this property
  • 82 local event hubs within 1 mile
  • 172 museums, art galleries, or cultural centers within 1 mile
  • Area has 106 parks and recreation options

Wellness

  • Ample windows and natural lighting
  • 106 parks nearby
  • 26 sports facilities (like tennis courts) nearby
  • 61 gyms or yoga centers 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 732 East 16th Street (New Town) compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Elliot Park

2-bedroom apartments at 732 East 16th Street (New Town) cost about 53% less than the average rent price for 2-bedroom apartments in Elliot Park.

Median rents as of Feb 28 2026.
Elliot Park
Minneapolis
A table of studio rental data trends in Minneapolis
MonthMedian Rent
March 2024$1,041
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
November 2025$988
December 2025$1,098
January 2026$1,079
February 2026$1,088
A table of studio rental data trends in Elliot Park
MonthMedian Rent
March 2024$1,006
April 2024$827
May 2024$716
June 2024$838
July 2024$741
August 2024$815
September 2024$736
October 2024$715
November 2024$714
December 2024$812
January 2025$794
February 2025$719
March 2025$718
April 2025$765
May 2025$762
June 2025$861
July 2025$844
August 2025$907
September 2025$844
October 2025$844
November 2025$840
December 2025$913
January 2026$885
February 2026$890

Affordability calculator

Can I afford to live at 732 E 16th St?

Bedrooms

2 bedrooms

Rent-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

$44,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this 2-bedrooms monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.

Schools near 732 East 16th Street (New Town)

Justice Alan Page Elementary School

999 nofound st

nofoundcity, MN, 88888

PK, K-5Public

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

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
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Internet available near 732 East 16th Street (New Town)

Getting around Minneapolis near 732 E 16th St

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 732 E 16th St, Minneapolis

Groceries

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

Shopping

7/10
Variety of shops within walking distance

Cafes

7/10
Variety of cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

Primary schools

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

High schools

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

Parks

8/10
Large amount of park space nearby

Nightlife

7/10
Variety of bars within walking distance

Explore the area around 732 E 16th St

Elliot Park Grocery
1600 Chicago Ave
Midwest Market
2000 Portland Ave
ALDI
1311 E Franklin Ave
Third Avenue Foods
1905 3rd Ave S
Gulet Daily Grocery
922 E 24th St

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