Zumper
modified
Updated 2 Days Ago

Highlights

  • Pet Friendly
  • On-site laundry
  • Carpeting
  • Pet-friendly community
  • Spacious living area
  • Luxury vinyl hardwood flooring
  • Free off-street parking

Location

240 Madison St, Anoka, MN 55303, USA
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Contact

Management

Apartment Resource Group Inc

Leasing office

(612) 791-7321

Property Overview

240 Madison St offers strong value with competitive pricing, solid amenities, and a highly convenient location, earning a 7.8 Zumper expert rating. It also stands out for its value for money, while the nearby top-rated middle school and detailed, trustworthy property information add to its appeal.

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

7.8
Very Good
240 Madison St is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • Middle school nearby
  • Less expensive

Great for

  • Pet owners

Floor plans

2B1B2 bed1 bath900 sqft$1,250 /mo1 unit availableWelcome home to this recently remodeled 2 bed/1 bath apartment! Inside, you'll find luxury vinyl hardwood flooring, a spacious living area, an updated eat-in kitchen featuring newer countertops and appliances, and generously sized bedrooms with carpeting. A wall A/C unit provides added comfort during the warmer months. Residents enjoy convenient on-site laundry, free off-street parking, and a pet-friendly community. Heat is included in your rent, making Minnesota winters a little easier. This home is deposit-free with Obligo, making move-in even more affordable. Pets are welcome with a $250 non-refundable pet fee and $50 monthly pet rent. Located just minutes from historic downtown Anoka, you'll be close to local shopping, coffee shops, restaurants, parks, and entertainment, with quick access to Highways 10 and 169 for an easy commute. ADDITIONAL INFORMATION: Application Fee: $50 per adult One-Time Admin Fee: $125 (due at lease signing) Security Deposit: One month’s rent Deposit-free option available with Obligo—ask our leasing team for details! Flexible rent payment options are available with Flex (approval required) Pet Policy: $250 non-refundable pet deposit + $50/month per pet Electric paid direct to Anoka Municipal Utility Water, sewer, and trash are allocated utilities and paid with rent each month

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Amenities for 240 Madison St

Building

Cats OKDogs OK
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

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Units4
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About 240 Madison St

HomeApartments in Anoka 240 Madison St

Welcome home to this recently remodeled 2 bed/1 bath apartment! Inside, you'll find luxury vinyl hardwood flooring, a spacious living area, an updated eat-in kitchen featuring newer countertops and appliances, and generously sized bedrooms with carpeting. A wall A/C unit provides added comfort during the warmer months. Residents enjoy convenient on-site laundry, free off-street parking, and a pet-friendly community. Heat is included in your rent, making Minnesota winters a little easier. This home is deposit-free with Obligo, making move-in even more affordable. Pets are welcome with a $250 non-refundable pet fee and $50 monthly pet rent. Located just minutes from historic downtown Anoka, you'll be close to local shopping, coffee shops, restaurants, parks, and entertainment, with quick access to Highways 10 and 169 for an easy commute. ADDITIONAL INFORMATION: Application Fee: $50 per adult One-Time Admin Fee: $125 (due at lease signing) Security Deposit: One month’s rent Deposit-free option available with Obligo—ask our leasing team for details! Flexible rent payment options are available with Flex (approval required) Pet Policy: $250 non-refundable pet deposit + $50/month per pet Electric paid direct to Anoka Municipal Utility Water, sewer, and trash are allocated utilities and paid with rent each month


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.
7.8
/10
Very Good
240 Madison St is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated 240 Madison St
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, 240 Madison St is a great option for renters looking for apartments in this neighborhood. 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·8A 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.
With multiple in-demand amenities, 240 Madison St is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
240 Madison St 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 240 Madison St 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.

240 Madison St is great for:

Pet owners

  • Pet deposit required
  • 6 pet supply stores near the property
  • 1 pet grooming service nearby
  • 2 pet hospitals in the area

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 240 Madison St compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.2 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

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Rent trends in Anoka

2-bedroom apartments at 240 Madison St cost about 0% more than the average rent price for 2-bedroom apartments in Anoka.

Median rents as of Jul 4 2026.
Anoka
A table of studio rental data trends in Anoka
MonthMedian Rent
August 2025$1,006
September 2025$1,025
December 2025$995
January 2026$992
February 2026$969
March 2026$975
April 2026$956
May 2026$981
June 2026$1,021
July 2026$1,025

Affordability calculator

Can I afford to live at 240 Madison St?

Bedrooms

2 bedrooms

Rent-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

$50,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 2-bedrooms monthly rent price of $1,250.
For more information on rent affordability, visit our rent calculator.

Schools near 240 Madison St

Early Childhood/Special Education

1902 2nd ave

anoka, MN, 55303

PKPublic

Elementary Virtual School

215 w main st

anoka, MN, 55303

K-5Public
B-

River Trail Learning Center at LO Jacob

1700 coon rapids blvd nw

coon rapids, MN, 55433

K-12Public

Prairie Care Resident Care-Ihp

9400 zane ave

brooklyn park, MN, 55443

K-12Public

Brookside Elementary School

17003 nowthen blvd nw

ramsey, MN, 55303

K-5Public
A-
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Internet available near 240 Madison St

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Anoka near 240 Madison St

Walking

5/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 240 Madison St, Anoka

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

5/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

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 10-minute walk

Parks

10/10
Very large amount of park space within a few minutes' walk

Nightlife

4/10
Few or no bars within walking distance

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