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5+ Days Ago

Highlights

  • Pet Friendly
  • Brand-new
  • Spacious apartments
  • Community room
  • Fitness center
  • Laundry facilities
  • Rooftop deck

Location

550 W Lake St, Minneapolis, MN 55408, USA|Lyn Lake
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Property Overview

Lakefield Apartments offers brand-new, spacious apartments with convenient on-site amenities including a community room, fitness center, laundry facilities, and a rooftop deck. Renters benefit from extensive visual detail through 50 property photos and a location within about half a mile of a top-rated high school, contributing to its strong overall expert rating.

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

8.4
Very Good
With a solid 8.4 out of 10 overall, Lakefield Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Lakefield Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Dishwasher
  • Elevator

Great for

  • Pet owners
  • Social life
  • Wellness

Floor plans

Studio (Tier 1)Studio1 bath392 sqftLakefield Apartments, Studio Apartment, Lyn-Lake Uptown, Minneapolis, MN
Studio (Tier 2)Studio1 bath419 sqftLakefield Apartments, Studio Apartment, Lyn-Lake Uptown, Minneapolis, MN
Studio (Tier 3)Studio1 bath419 sqftLakefield Apartments, Studio Apartment, Lyn-Lake Uptown, Minneapolis, MN
2 Bedroom (Tier 2)2 bed1 bath727 sqftLakefield Apartments, 2 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN
2 Bedroom (Tier 3)2 bed1 bath733 sqftLakefield Apartments, 2 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN
3 Bedroom (Tier 2)3 bed2 bath1,053 sqftLakefield Apartments, 3 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN
3 Bedroom (Tier 1)3 bed2 bath1,118 sqftLakefield Apartments, 3 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN
3 Bedroom (Tier 3)3 bed2 bath1,101 sqftLakefield Apartments, 3 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN
4 Bedroom (Tier 1)4 bed2 bath1,293 sqftLakefield Apartments, 4 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN
4 Bedroom (Tier 3)4 bed2 bath1,293 sqftLakefield Apartments, 4 Bedroom Apartment, Lyn-Lake Uptown, Minneapolis, MN

Let's explore this property.

Amenities for Lakefield Apartments

Apartment Amenities

Air ConditioningBalcony
Central HeatCeramic Tiled Bathrooms
FreezerLED lighting
LVP FlooringMaple Cabinets
PatioView
Walk-in ClosetWindow Coverings

Appliances

Black Whirlpool ApplianceDishwasher
OvenRange
Refrigerator

Tech

Cable ReadyFree Common Area WiFi

Building

Business CenterCats OK
Central Heating & Air ConditioningCommunity Room
Controlled AccessDogs OK
ElevatorFitness Center
Onsite LaundryRecreation Room
Residents LoungeVending Machines

Grounds

Garage ParkingOutdoor Space
PlaygroundStorage
Swimming Pool

Services

On-Site ManagementPackage Service

Neighborhood

Transportation

Other

Online Maintenance PortalOnline Rent Payment
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

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

OPTIONAL FEES

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Cat

Pet Terms

2 cats max. | Restrictions: None.

Pet Deposit

Refund Policy: $500.00 refundable deposit. One-time deposit per pet.

$500

Dog

Pet Terms

2 dogs max. | Restrictions: Pit Bull, Doberman, Wolf Hybrid, Chow, Rottweiler, American Pit Bull/Bull Terrier, Akita, American Staffordshire Terrier.

Pet Deposit

Refund Policy: $500.00 refundable deposit. One-time deposit per pet.

$500
Building details

Property details

Units110
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About Lakefield Apartments

HomeApartments in MinneapolisLyn Lake Lakefield Apartments

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.


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 Good
With a solid 8.4 out of 10 overall, Lakefield Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Lakefield Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Lakefield Apartments
Price·9A 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.
Lakefield Apartments stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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.
Lakefield Apartments 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.
Lakefield Apartments 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 Lakefield Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A 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.
Lakefield Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Lakefield Apartments is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 6 pet hospitals in the area
  • 7 pet supply stores near the property
  • 1 pet grooming service nearby

Social life

  • 323 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • 460 mixed-use spaces nearby

Wellness

  • On-site fitness center or gym
  • HVAC systems available onsite
  • 35 sports facilities (like tennis courts) nearby
  • 9 farmers markets or health food stores nearby

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 Lakefield Apartments compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away
Dishwasher
Dishwasher available in kitchen
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors
Package service
More secure storage for delivery
Walk-in closet
More closet space on average

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Rent trends in Lyn Lake

Median rents as of May 16 2026.
Lyn Lake
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 Lyn Lake
MonthMedian Rent
June 2024$1,106
July 2024$1,171
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$1,163

Schools near Lakefield Apartments

Ella Baker Global Studies and Humanities School

1200 w 26th st

minneapolis, MN, 55405

PK, K-8Public
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

Justice Alan Page Elementary School

999 nofound st

nofoundcity, MN, 88888

PK, K-5Public

Folwell Elementary

3611 20th ave s

minneapolis, MN, 55407

PK, K-5Public
C
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Internet available near Lakefield Apartments

Getting around Minneapolis near 550 W Lake St

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 550 W Lake St, Minneapolis

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

8/10
Variety of shops within a few minutes' walk

Cafes

7/10
Variety of cafés within walking distance

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

6/10
Variety of bars within walking distance

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