1 Day Ago
Location
736 E 16th St, Minneapolis, MN 55404, USA|Elliot Park
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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.
Things you’ll love
Middle school nearby- Laundry available on site
Great for
Social life
Wellness
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 757 sqft | $1,100 /mo | 1 unit available | 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, Electric, Trash: $95/month Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $1,300 - 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 736 East 16th Street (New Town)
Building
| Onsite Laundry |
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
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 12 |
|---|
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About 736 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, Electric, Trash: $95/month Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $1,300 - 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 GoodWith a solid 8.4 out of 10 overall, 736 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, 736 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.
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.
736 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, 736 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.
736 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 736 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.
736 East 16th Street (New Town) is great 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 736 East 16th Street (New Town) compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- Laundry available on site
- Washers and dryers are available in-building or in-unit
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
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Rent trends in Elliot Park
2-bedroom apartments at 736 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 Oct 25 2025.
Elliot Park
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 | $1,078 |
| December 2023 | $911 |
| January 2024 | $853 |
| February 2024 | $823 |
| March 2024 | $977 |
| 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 |
Affordability calculator
Can I afford to live at 736 E 16th St?
Bedrooms
2 bedroomsRent-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 736 East 16th Street (New Town)
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
Kenwood Elementary School
2013 penn ave s
minneapolis, MN, 55405
K-5Public
B
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Internet available near 736 East 16th Street (New Town)
Getting around Minneapolis near 736 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 736 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 736 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
Kids Wonder Clothing Store
629 E 18th St
Great Lakes
610 S 9th St
Barwago Clothing Store
912 E 24th St
Liiban Dress Fashion
912 E 24th St
Amina Boutique Inc
2401 Chicago Ave
Segue Coffee
811 11th Ave S
Dunn Brothers Coffee
715 S 8th St
Wesley Andrews
Dunn Brothers Coffee
715 Park Ave
Starbucks
520 S 7th St
Ikes Bar
401 Chicago Ave
Breva Bar & Grill
1115 2nd Ave S
Constantine
1115 2nd Ave S
Monello
1115 2nd Ave S
Ten 01 Social
1001 Marquette Ave
Einstein Bros Bagels
550 S 4th St
Wuollet Bakery Inc
200 S 6th St
Classic Cookie Co
200 S 5th St
Zoes Bakery & Cafe
1400 Nicollet Ave
Mother Dough Bakery
205 Park Ave
Elliot Park
Franklin Steele Square
Peavey Park
Stevens Square
Currie Park
Dallo Food Inc
1603 Chicago Ave
Lutunji's Palate
1400 Park Ave
Cairo's Grill
1922 Chicago Ave
Daily Cairo Grill
1922 Chicago Ave
Golden Fingers
1914 Chicago Ave
Chicago Ave S & 17th St E
Chicago Ave S & 17th St E
Chicago Ave S & 15th St E
Park Ave S & 16th St E
Park Ave S & 15th St E
Target Field Station & Rail Platform
Northstar Commuter Rail
U.S. Bank Stadium Station
METRO Blue Line, METRO Green Line
Junction & Blue Green Crossover
METRO Green Line
Blue Line Rail & Green Line Rail
METRO Blue Line
U.S. Bank Stadium Station
METRO Blue Line, METRO Green Line
Cedar Riverside Station
METRO Blue Line
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