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736 East 16th Street (New Town) offers strong value with an 8.8/10 expert rating, excellent marks for price, amenities, and location, and notable features like on-site laundry, updated appliances and flooring, a spacious living area, and a no-smoking setting. It is also well positioned for fitness, work-from-home needs, and social access, with nearby parks, gyms, coworking spots, restaurants, and cultural venues, plus easy highway access.
Things you’ll love
Middle school nearbyMore spaceLess expensiveGreat for
Social life
Work-from-home
Wellness| 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! Monthly Rent: $1,200 (Market Rate) Advertised Rent: $1,100 when including free month of rent on 12 month lease Gas & Trash: $95/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $1,200 - 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. |
Let's explore this property.
Apartment Amenities
| Gas | Trash |
Appliances
| Range | Refrigerator |
Building
| Controlled Access | Onsite Laundry |
Grounds
| Dog-Run Park | Parking Lot |
Other
| Online Rent Payment | Shared In-building Laundry |
One-time.
One-time. Refundable.
No pets allowed.
Questions about this property’s policies and fees?
| Units | 12 |
|---|
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! Monthly Rent: $1,200 (Market Rate) Advertised Rent: $1,100 when including free month of rent on 12 month lease Gas & Trash: $95/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $1,200 - 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.
How 736 East 16th Street (New Town) compares to other nearby properties.
Positives
Considerations
2-bedroom apartments at 736 East 16th Street (New Town) cost about 57% less than the average rent price for 2-bedroom apartments in Elliot Park.
| Month | Median Rent |
|---|---|
| July 2024 | $1,037 |
| 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 | $1,024 |
| June 2026 | $1,051 |
| July 2026 | $1,050 |
| Month | Median Rent |
|---|---|
| July 2024 | $718 |
| 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 |
| March 2026 | $892 |
| April 2026 | $895 |
| May 2026 | $892 |
| June 2026 | $1,086 |
| July 2026 | $1,248 |
Can I afford to live at 736 E 16th St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$44,000/yr
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