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736 East 16th Street in New Town offers an appealing living experience, highlighted by an expert rating of 8.4 out of 10, reflecting its strong overall quality. The property excels in value with a perfect price rating, an impressive amenity array, and a prime location close to schools, parks, and cultural venues. Notable features include on-site laundry, updated appliances, and a no-smoking policy, making it a compelling choice for diverse lifestyles while promoting fitness, social activities, and remote work opportunities.
Things you’ll love
Middle school nearbyLess expensiveGreat for
Social life
Work-from-home
Wellness| 2BR/1.0BA | 2 bed | 1 bath | 757 sqft | $1,150 /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: $1,150/Month Gas & Trash: $95/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $1,150 - 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 |
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! Market Rent: $1,150/Month Gas & Trash: $95/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $1,150 - 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 54% less than the average rent price for 2-bedroom apartments in Elliot Park.
| Month | Median Rent |
|---|---|
| April 2024 | $1,028 |
| 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 |
| March 2026 | $1,077 |
| Month | Median Rent |
|---|---|
| April 2024 | $836 |
| 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 |
| March 2026 | $892 |
Can I afford to live at 736 E 16th St?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$46,000/yr
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Loring Park • 1254 Hennepin Avenue
1–2 Beds
$1,300–$2,300
Columbia Heights • 1230 Cheri Lane Northeast
1–3 Beds
$1,175–$1,725
Oak Hill • 7400 Oak Park Village Dr
1–3 Beds
$1,440–$2,015
Snelling Hamline • 304 Snelling Ave N
1–2 Beds
$1,423–$1,781
Southwest Richfield • 7620 Penn Ave S
1–2 Beds
$1,140–$2,320
Highland • 845 Cleveland Avenue South
1–2 Beds
$1,225–$1,850
