Updated 35 Minutes Ago
Highlights
- Urban lifestyle
- Easy access
Location
721 15th Ave Se, Minneapolis, MN 55414, USA|Dinkytown
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Property Overview
Varsity Apartments - 721 offers an excellent balance of value and quality, with strong expert scores across overall experience, price, amenities, location, and trustworthiness. Its urban lifestyle and easy access are reinforced by proximity to highly rated schools, grocery options within a short drive, and convenient coworking-friendly cafes nearby. High-speed internet, a quiet setting, and large windows that enhance natural light make it especially appealing for those who work from home.
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
High school nearby
Great for
Eco living
Work-from-home
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 200 sqft | $795 /mo | 1 unit available | Available April 1st, 2026 Discover this efficient studio apartment on the third-floor corner of Varsity Apartments. Brightened by ample natural light from corner windows, it offers a welcoming space perfect for minimalist living. Positioned just steps from the University of Minnesota, it provides easy access to campus facilities and academic resources. The vibrant Dinkytown neighborhood, known for its eclectic dining and shopping options, is within walking distance, enhancing the urban lifestyle. Public transit options nearby ensure seamless connectivity to downtown Minneapolis and beyond. Deposit is Equal to 1 Months Rent with approved credit / background. Rental Terms: 12 month lease Utilities: Tenant responsible for their own Electric & Cable. Application Fee: $50.00 per person 18yrs or older. Rental Qualifications are minimum credit score of 600 or Higher. Clean Criminal Background, No Unlawful Detainers or Evictions, No Felonies, Income to be minimum 3x the monthly rent. Rental Assistance Accepted when other qualification are met. |
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Amenities for Varsity Apartments - 721
Apartment Amenities
| Air Conditioning | Central Heat |
| Gas | Hardwood Floor |
| Heating | Trash |
| Water |
Tech
| Free Internet |
Building
| Coin Op Laundry | Onsite Laundry |
Grounds
| Off-Street Parking |
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
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 16 |
|---|
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About Varsity Apartments - 721
Available April 1st, 2026 Discover this efficient studio apartment on the third-floor corner of Varsity Apartments. Brightened by ample natural light from corner windows, it offers a welcoming space perfect for minimalist living. Positioned just steps from the University of Minnesota, it provides easy access to campus facilities and academic resources. The vibrant Dinkytown neighborhood, known for its eclectic dining and shopping options, is within walking distance, enhancing the urban lifestyle. Public transit options nearby ensure seamless connectivity to downtown Minneapolis and beyond. Deposit is Equal to 1 Months Rent with approved credit / background. Rental Terms: 12 month lease Utilities: Tenant responsible for their own Electric & Cable. Application Fee: $50.00 per person 18yrs or older. Rental Qualifications are minimum credit score of 600 or Higher. Clean Criminal Background, No Unlawful Detainers or Evictions, No Felonies, Income to be minimum 3x the monthly rent. Rental Assistance Accepted when other qualification are met.
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.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Varsity Apartments - 721 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Varsity Apartments - 721 has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A 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.
Scoring a 8/10, Varsity Apartments - 721 is a great option for renters looking for apartments in Dinkytown. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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.
Varsity Apartments - 721 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, 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.
Varsity Apartments - 721 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 Varsity Apartments - 721 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.
Varsity Apartments - 721 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 Varsity Apartments - 721 compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.2 mile away
Considerations
- 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 Dinkytown
studio apartments at Varsity Apartments - 721 cost about 20% less than the average rent price for studio apartments in Dinkytown.
Median rents as of Jul 18 2026.
Dinkytown
Minneapolis
| Month | Median Rent |
|---|---|
| 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 | $1,046 |
| Month | Median Rent |
|---|---|
| August 2024 | $1,004 |
| September 2024 | $1,038 |
| October 2024 | $905 |
| November 2024 | $1,051 |
| December 2024 | $1,052 |
| February 2025 | $1,115 |
| March 2025 | $1,061 |
| April 2025 | $1,067 |
| May 2025 | $1,054 |
| June 2025 | $1,034 |
| July 2025 | $981 |
| August 2025 | $1,047 |
| September 2025 | $1,041 |
| October 2025 | $1,098 |
| November 2025 | $1,046 |
| December 2025 | $1,028 |
| January 2026 | $1,007 |
| February 2026 | $972 |
| March 2026 | $964 |
| April 2026 | $969 |
| May 2026 | $1,000 |
| June 2026 | $987 |
| July 2026 | $985 |
Affordability calculator
Can I afford to live at 721 15th Ave Se?
Bedrooms
StudioRent-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
$31,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $31,800 annually to afford this studio monthly rent price of $795.
For more information on rent affordability, visit our rent calculator.
Schools near Varsity Apartments - 721
Webster Elementary School
425 5th st ne
minneapolis, MN, 55413
PK, K-5Public
C+
MPS Metro HA
932 e. 34th st.
minneapolis, MN, 55407
K-12Public
Justice Alan Page Elementary School
999 nofound st
nofoundcity, MN, 88888
PK, K-5Public
Fairview School Readiness Plus
1910 county rd b west
roseville, MN, 55113
PKPublic
Early Childhood Special Education
3320 elliot ave s
minneapolis, MN, 55407
PK, KPublic
B+
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Internet available near Varsity Apartments - 721
Getting around Minneapolis near 721 15th Ave Se
Walking
6/10
Some shops and stores are within a few minutes.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 721 15th Ave Se, Minneapolis
Groceries
5/10
At least one supermarket within a 20-minute walk
Shopping
6/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
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 5-minute walk
Parks
9/10
Very large amount of park space within a few minutes' walk
Nightlife
6/10
Some bars within a few minutes’ walk
Explore the area around 721 15th Ave Se
Lighthouse Bay Foods Inc
2010 E Hennepin Ave
Simple to Grand
600 Stinson Blvd
Fresh Thyme Market
24 30th Ave SE
Lunds & Byerlys
25 University Ave SE
Super Plaza Halal Foods
1525 S 4th St
Target
1329 5th St SE
Goldies Locker Room
400 14th Ave SE
The White Room
1621 E Hennepin Ave
University of MN Bookstore
300 Washington Ave SE
Knot Clothing & Belt Co
610 9th St SE
Tiger Sugar
Kung Fu Tea
507 14th Ave SE
Starbucks
425 14th Ave SE
Bordertown Coffee
315 16th Ave SE
Manning's Cafe
2200 Como Ave SE
Blarney Pub
412 14th Ave SE
Burrito Loco Bar & Grill
418 13th Ave SE
Qdoba Mexican Eats
324 14th Ave SE
Blue Door U
1514 Como Ave SE
Buffalo Wild Wings
2001 University Ave SE
Mango Mango Dessert
406 14th Ave SE
Organica LLC
1701 E Hennepin Ave
Halal Food Kitchen Corp
970 E Hennepin Ave
Einstein Bros Bagels
300 Washington Ave SE
New French Bakery
828 Kasota Ave SE
Dinkytown Knoll
Van Cleve Park
Garden
Garden
Marcy Park
Jimmy John's
4414 SE
Tiger Sugar
White Castle
600 Central Ave NE
Lepot Chinese Hotpot
507 14th Ave SE
Subway
1412 5th St SE
15th Ave SE & 7th St SE
15th Ave SE & 8th St SE
,
15th Ave SE & 8th St SE
15th Ave SE & 6th St SE
15th Ave SE & 6th St SE
,
Target Field Station & Rail Platform
Northstar Commuter Rail
East Bank Station
METRO Green Line
East Bank Station
METRO Green Line
Stadium Village Station
METRO Green Line
Stadium Village Station
METRO Green Line
West Bank Station
METRO Green Line
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