Zumper
modified
8 Hours Ago

Highlights

  • Pet Friendly
  • Fitness center
  • Playground
  • Trash service
  • Shopping and dining options
  • Heated underground garage
  • Easy access

Location

525 4th St Sw, Forest Lake, MN 55025, USA
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Contact

Management

Norhart

Leasing office

(651) 689-4801

Property Overview

Mill Pond Apartments is a highly rated community (8.8/10 overall) with exceptional value (10/10 price), top-tier amenities (10/10), and a convenient location (9/10) near well-regarded schools. Residents benefit from features like a fitness center, playground, heated underground garage, trash service, and easy access to shopping and dining, plus strong pet friendliness and work-from-home support with outdoor spaces, high-speed internet, and nearby services. With detailed property information, 41 photos, and strong value-for-money metrics, it presents a transparent and competitively priced option.

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, Mill Pond Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Mill Pond 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
  • Less expensive
  • Middle school nearby

Great for

  • Pet owners
  • Work-from-home

Floor plans

Astoria2 bed1 bath1,050 sqft$1,698–$1,767 /mo3 units available
Sonoma2 bed1 bath1,000 sqft$1,737–$1,768 /mo2 units available
Laguna3 bed1 bath1,140 sqft$1,776–$1,855 /mo3 units available

Let's explore this property.

Amenities for Mill Pond Apartments

Apartment Amenities

Air ConditioningBalcony
Bedroom CarpetingCarpet
Ceiling FanDining Room
Double Stainless Steel SinkIn Unit Dryer
PatioWalk-in Closet

Appliances

DishwasherFull Size Oven & Range
In Unit WasherIn-Unit Laundry

Tech

Cable or Satellite AccessHigh-Speed Internet

Building

Cats OKClubhouse
Dogs OKElevator
Fitness CenterOnsite Laundry
Recreation RoomResidents Lounge
Smoke Free Community & BuildingsSmoke-free

Grounds

Assigned ParkingGarage Parking
Outdoor SpacePlayground
Storage

Services

Recycling

Neighborhood

Walking Trail

Other

Short Term Lease
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

Application Fee (Per Applicant)

One-time.

$50

REQUIRED FEES

Administrative Fee

One-time.

$175

Security Deposit

One-time.

$1,698–$1,855

Trash Fee

Monthly.

$12.50

OPTIONAL FEES

Parking Policy

Surface Lot

Assigned.

Garage Lot

Assigned.

Surface Lot

Parking Fee

Monthly. 2 surface lots max. Assigned parking; 1 total spaces.

$0

Garage Lot

Parking Fee

Monthly. 2 garage lots max. Assigned parking; 1 total spaces.

$75

Dog Policy

Allowed
Limit2
Breed restrictionsYes

No breed or size restrictions.

Cat Policy

Allowed
Limit2

Cat

Pet Rent

Monthly. 2 cats max.

$45

Pet Fee

One-time fee per pet.

$450

Pet Deposit

One-time deposit per pet.

$0

Dog

Pet Rent

Monthly. 2 dogs max.

$55

Pet Fee

One-time fee per pet.

$450

Pet Deposit

One-time deposit per pet.

$0

Questions about this property’s policies and fees?

Building details

Property details

Year built2013
Units120
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About Mill Pond Apartments

HomeApartments in Forest Lake Mill Pond Apartments

Welcome to Mill Pond Apartments in Forest Lake, Minnesota, which features large two and three bedroom apartments. Mill Pond is conveniently located, with easy access to Interstate 35, Lakeside Memorial Park, the regional Hardwood Creek Trail, and amazing shopping and dining options in every direction you go. Stay at home at you'll be able to enjoy our playground, fitness center, and heated underground garage. Heat and water/sewer are included in the rent. Residents pay electricity, internet, cable, and $5 per month for trash service. Mill Pond is a great apartment in Forest Lake, come visit us today!


Year Built: 2013

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, Mill Pond Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Mill Pond 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 Mill Pond Apartments
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.
Mill Pond Apartments 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.
Mill Pond 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.
Mill Pond 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 Mill Pond 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·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.
Mill Pond 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.

Mill Pond Apartments is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 4 pet grooming services nearby
  • 6 pet supply stores near the property
  • 1 pet hospital in the area

Work-from-home

  • High speed internet is an amenity
  • Common areas for meetings or remote work
  • 2 office supply stores within 1 mile
  • Quiet environment with little noise pollution

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 Mill Pond Apartments compares to other nearby properties.

Positives

High school nearby
There is a high school 0.4 mile away
Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 0.2 mile away
Elementary school nearby
There is an elementary school 0.1 mile away
More space
The 2-bedroom is 95 sqft larger than other listings nearby
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
Walk-in closet
More closet space on average

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Rent trends in Forest Lake

If you decide to upgrade your space, you can expect 2-bedrooms at Mill Pond Apartments to be 0% less than the average for similarly sized apartments in Forest Lake.

3-bedroom apartments at Mill Pond Apartments cost about 1% less than the average rent price for 3-bedroom apartments in Forest Lake.

Median rents as of Mar 15 2025.
Forest Lake
A table of studio rental data trends in Forest Lake
MonthMedian Rent
September 2024$1,256
October 2024$1,171
March 2025$1,207

Affordability calculator

Can I afford to live at 525 4th St Sw?

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

$68,700/yr

With your selected rent-to-income ratio, you'd ideally want to make $68,700 annually to afford this 2-bedrooms median monthly rent price of $1,717.
For more information on rent affordability, visit our rent calculator.

Schools near Mill Pond Apartments

Forest Lake Elementary School

408 sw 4th st

forest lake, MN, 55025

4-6Public
B

Forest View Elementary School

620 sw 4th st

forest lake, MN, 55025

PK, K-3Public
B-

Early Childhood Special Education

943 sw 9th ave

forest lake, MN, 55025

PKPublic

Ranger Academy

943 sw 9th ave

forest lake, MN, 55025

K-6Public

North Star Elementary

15198 forest blvd n

hugo, MN, 55038

K-5Public
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Internet available near Mill Pond Apartments

Getting around Forest Lake near 525 4th St Sw

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 525 4th St Sw, Forest Lake

Groceries

7/10
At least one grocery store within a 15-minute walk

Shopping

4/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Nightlife

3/10
Few or no bars within walking distance

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