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modified
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Highlights

  • Rent Special
  • Pet Friendly
  • Heat included
  • Modern convenience
  • Urban lifestyle
  • Urban living experience
  • Outdoor activities

Location

3435 Colfax Ave S, Minneapolis, MN 55408, USA|CARAG
Hi! Let’s figure out if this property is right for you.

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Contact

Management

Kleinman Realty Co.

Leasing office

(844) 243-9694 ext. 3121

Property Overview

Colfax Terrace offers an excellent blend of value, comfort, and convenience, with an overall expert rating of 8.8/10 and perfect scores for both price and amenities. Residents benefit from heat included, modern conveniences, and an urban living experience that supports outdoor activities, pet friendliness, social life, and work-from-home needs, all in a highly walkable area with strong transit access.

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, Colfax Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Colfax Terrace 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

  • Less expensive
  • Middle school nearby
  • Dishwasher

Great for

  • Social life
  • Pet owners
  • Work-from-home

Floor plans

Colfax Terrace - StudioStudio1 bath403 sqft$895 /mo1 unit available
Colfax Terrace - Two Bedroom (A)2 bed1 bath750 sqft$1,295 /mo1 unit available
Colfax Terrace - Two Bedroom (B)2 bed1 bath762 sqft$1,395 /mo1 unit available

Let's explore this property.

Amenities for Colfax Terrace

Apartment Amenities

Air ConditioningCeiling Fan
Central HeatGas Utilities
Hardwood FloorHeat
HeatingStorage Space Available
Walk-in ClosetWindow Coverings

Appliances

DishwasherRefrigerator

Tech

Cable or Satellite AccessHigh-Speed Internet

Building

Cats OKControlled Access
Dogs OKElevator
Onsite LaundrySmoke Free Community & Buildings
Smoke-free

Grounds

Assigned ParkingGarage Parking
Storage

Services

Availability 24 HoursOn-Site Maintenance
On-Site Management

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)

Per-applicant. Refund Policy: Non-refundable.

$50

REQUIRED FEES

Security Deposit

One-time.

$400

Utility - Service Fee

Monthly. Refund Policy: Non-refundable.

$4.95

Trash Fee

Monthly. Refund Policy: Non-refundable.

$11.50

OPTIONAL FEES

Parking Policy

Surface Lot

Assigned. Reserved parking lot; call for availability!.

Garage Lot

Assigned. Underground parking garage; call for availability!.

Surface Lot

Parking Fee

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

$50

Garage Lot

Parking Fee

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

$65

Cat Policy

Allowed
Limit2

Cat

Pet Terms

2 cats max. Cat This property allows cats, fish, and birds. Restrictions apply.

Pet Fee

One-time fee per pet.

$200

Pet Deposit

One-time deposit per pet.

$0

Large Dog

Pet Terms

2 large dogs max.

Pet Fee

One-time fee per pet.

Contact Property

Pet Deposit

One-time deposit per pet.

Contact Property

Small Dog

Pet Terms

2 small dogs max.

Pet Fee

One-time fee per pet.

Contact Property

Pet Deposit

One-time deposit per pet.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Year built1961
Units31
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About Colfax Terrace

HomeApartments in MinneapolisCARAG Colfax Terrace

Nestled within the vibrant Uptown neighborhood of Minneapolis, Colfax Terrace offers an exceptional urban living experience in the heart of the city. This stylish apartment building seamlessly combines modern convenience with a dynamic neighborhood, making it an ideal place to call home! Ideally located in the trendy Uptown district, our community puts you within walking distance of an array of dining, shopping, entertainment, and outdoor activities. With Lake Bde Maka Ska just a stone's throw away, you can enjoy the natural beauty of the city's lakes while relishing the urban lifestyle. Heat and gas included in rent. Resident is responsible for electric, internet, phone, and cable; plus other allocated utility costs and billing fees for water, sewer, storm water, and trash.


Year Built: 1961

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, Colfax Terrace is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Colfax Terrace 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 Colfax Terrace
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.
Colfax Terrace 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.
Colfax Terrace 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.
Colfax Terrace 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 Colfax Terrace 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.

Colfax Terrace is great for:

Social life

  • Areas nearby are accessible by walking
  • 189 restaurants within 1 mile of this property
  • The area has transit options
  • 316 mixed-use spaces nearby

Pet owners

  • 2 pet grooming services nearby
  • 5 pet supply stores near the property
  • 1 dog park within 1 mile
  • 2 pet hospitals in the area

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • Quiet environment with little noise pollution
  • 1 office supply store within 1 mile

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 Colfax Terrace compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Middle school nearby
There is a middle school 1 mile away
Dishwasher
Dishwasher available in kitchen
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Walk-in closet
More closet space on average

Considerations

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

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Rent trends in CARAG

Studio apartments at Colfax Terrace cost about 5% less than the average rent price for studios in CARAG.

If you decide to upgrade your space, you can expect 2-bedrooms at Colfax Terrace to be 3% less than the average for similarly sized apartments in CARAG.

Median rents as of May 16 2026.
CARAG
Minneapolis
A table of studio rental data trends in Minneapolis
MonthMedian Rent
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
March 2026$1,077
April 2026$1,032
May 2026$1,021
A table of studio rental data trends in CARAG
MonthMedian Rent
June 2024$894
July 2024$898
August 2024$986
September 2024$959
October 2024$1,005
November 2024$969
December 2024$933
January 2025$1,008
February 2025$1,016
March 2025$961
April 2025$915
May 2025$886
June 2025$949
July 2025$926
August 2025$950
September 2025$898
October 2025$900
November 2025$916
December 2025$944
January 2026$1,051
February 2026$1,045
March 2026$988
April 2026$948
May 2026$945

Affordability calculator

Can I afford to live at 3435 Colfax Ave S?

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

$35,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this studio monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.

Schools near Colfax Terrace

Lyndale Elementary School

312 west 34th st

minneapolis, MN, 55408

PK, K-5Public
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

Folwell Elementary

3611 20th ave s

minneapolis, MN, 55407

PK, K-5Public
C

River Bend Educational Center

1510 glenwood ave s

minneapolis, MN, 55405

K-12Public
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Internet available near Colfax Terrace

Neighborhood

CARAG | Minneapolis, MN

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

Getting around Minneapolis near 3435 Colfax Ave S

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 3435 Colfax Ave S, Minneapolis

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

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

High schools

5/10
At least one high school within a 20-minute walk

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

4/10
Some bars within a few minutes’ walk

Explore the area around 3435 Colfax Ave S

Sam's Market Inc
1101 W 35th St
DMH Ingredients
3137 Hennepin Ave
Cub
1104 Lagoon Ave
Lunds & Byerlys
1450 W Lake St
Ainu Shams Halal Foods LLC
123 W Lake St

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