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Lakefield Apartments earns a strong overall rating, with especially high marks for price, amenities, and location, reflecting solid value and everyday convenience. It offers brand-new, spacious apartments along with a community room, fitness center, laundry facilities, and a rooftop deck, plus features that stand out for social life, fitness and wellness, and pet friendliness.
Things you’ll love
High school nearbyDishwasherElevatorGreat for
Pet owners
Wellness
Social life| Studio (Tier 2) | Studio | 1 bath | 421 sqft | $1,122 /mo | 1 unit available | Lakefield Apartments, Studio Apartment, Lyn-Lake Uptown, Minneapolis, MN | |
| 2 Bedroom (Tier 2) | 2 bed | 1 bath | 727 sqft | $1,442 /mo | 1 unit available | Lakefield Apartments, 2 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN | |
| 2 Bedroom (Tier 3) | 2 bed | 1 bath | 734 sqft | $1,740 /mo | 1 unit available | Lakefield Apartments, 2 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN | |
| 3 Bedroom (Tier 2) | 3 bed | 2 bath | 1,056 sqft | $1,654 /mo | 1 unit available | Lakefield Apartments, 3 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN | |
| 3 Bedroom (Tier 3) | 3 bed | 2 bath | 1,122+ sqft | $2,342 /mo | 2 units available | Lakefield Apartments, 3 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN | |
| 4 Bedroom (Tier 1) | 4 bed | 2 bath | 1,293 sqft | $2,303 /mo | 1 unit available | Lakefield Apartments, 4 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN | |
| 4 Bedroom (Tier 3) | 4 bed | 2 bath | 1,232 sqft | $2,999 /mo | 1 unit available | Lakefield Apartments, 4 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Balcony |
| Central Heat | Ceramic Tiled Bathrooms |
| Freezer | LED lighting |
| LVP Flooring | Maple Cabinets |
| Patio | View |
| Walk-in Closet | Window Coverings |
Appliances
| Black Whirlpool Appliance | Dishwasher |
| Oven | Range |
| Refrigerator |
Tech
| Cable Ready | Free Common Area WiFi |
Building
| Business Center | Cats OK |
| Central Heating & Air Conditioning | Community Room |
| Controlled Access | Dogs OK |
| Elevator | Fitness Center |
| Onsite Laundry | Recreation Room |
| Residents Lounge | Vending Machines |
Grounds
| Garage Parking | Outdoor Space |
| Playground | Storage |
| Swimming Pool |
Services
| On-Site Management | Package Service |
Neighborhood
| Transportation |
Other
| Online Maintenance Portal | Online Rent Payment |
One-time.
One-time. Refundable.
Garage Parking
One-time. 2 cats max. Refund Policy: $500.00.
One-time. 2 dogs max. Refund Policy: $500.00.
Questions about this property’s policies and fees?
| Units | 110 |
|---|
Lakefield Apartments is a brand-new affordable living community in the heart of Lyn-Lake/Uptown, thoughtfully designed for households of all sizes. With spacious apartments and amenities that emphasize comfort and convenience, Lakefield offers an ideal home for larger households. At Lakefield, there is room to grow and enjoy a vibrant community atmosphere, making it the perfect place to thrive.
How Lakefield Apartments compares to other nearby properties.
Positives
Considerations
Studio apartments at Lakefield Apartments cost about 0% more than the average rent price for studios in Lyn Lake.
If you decide to upgrade your space, you can expect 2-bedrooms at Lakefield Apartments to be 18% less than the average for similarly sized apartments in Lyn Lake.
3-bedroom apartments at Lakefield Apartments cost about 15% less than the average rent price for 3-bedroom apartments in Lyn Lake.
4-bedroom apartments at Lakefield Apartments cost about 1% less than the average rent price for 4-bedroom apartments in Lyn Lake.
| 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 | $1,159 |
| August 2024 | $998 |
| September 2024 | $995 |
| October 2024 | $958 |
| November 2024 | $925 |
| December 2024 | $905 |
| January 2025 | $1,002 |
| February 2025 | $1,023 |
| March 2025 | $997 |
| April 2025 | $1,036 |
| May 2025 | $1,063 |
| June 2025 | $1,109 |
| July 2025 | $1,106 |
| August 2025 | $1,119 |
| September 2025 | $1,122 |
| October 2025 | $1,122 |
| November 2025 | $1,122 |
| December 2025 | $1,275 |
| January 2026 | $1,249 |
| February 2026 | $1,275 |
| March 2026 | $1,275 |
| April 2026 | $1,223 |
| May 2026 | $1,145 |
| June 2026 | $1,135 |
| July 2026 | $1,117 |
Can I afford to live at 550 W Lake St?
Bedrooms
Rent-to-income ratio
30%
$44,880/yr
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Studio–2 Beds
$1,100–$2,300
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Studio–3 Beds
$1,066–$2,886
Columbia Heights • 1230 Cheri Lane Northeast
1–3 Beds
$1,200–$1,750
Oak Hill • 7400 Oak Park Village Dr
1–3 Beds
$1,740–$2,405
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Studio–2 Beds
$1,105–$1,670
West Bloomington • 7300 Bristol Village Dr
2 Beds
$1,795–$1,995
