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Hornig Companies- Hornig Family Limited Partnership
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242 West Franklin Ave is a well-rated property with strong value, solid amenities, and a convenient location, supported by an 8.8 expert rating and high marks for price, quality, and trustworthiness. It stands out for nearby restaurants, stores, parks, transit options, and wellness resources, along with carports, elevators, and limited off-street parking.
Things you’ll love
More spaceLess expensiveCentral heatGreat for
Eco living
Social life
Wellness| 0BR/1.0BA | Studio | 1 bath | 400 sqft | $925 /mo | 1 unit available | SPECIAL: $500 off 1st month's rent with a year lease! Sits between downtown and uptown Minneapolis near lovely Stevens Square Park. Spacious apartments with large windows can be enjoyed by you and your pet(s) (2 allowed). Moving in will be a breeze with the help of elevators, carports and limited off street parking. Many restaurants and stores within walking distance. The #2 bus line is right across the street. Fixed Monthly Charges: Electric paid to provider Rubs water/sewer variable* RUBS Processing Fee $6.00 Trash $15.00 Minimum Liability Policy** $10.50 LLI Processing Fee** $4.50 Optional Monthly Charges: $50 Covered Carport if available Cat rent: $25.00 Dog rent: $50.00 6 Month Lease $75.00 9 Month Lease $50.00 Storage site specific *See utility addendum for full disclosure **Liability insurance fees are waived for renters that provide the Declarations Page of their own Renter's Insurance Policy |
Let's explore this property.
Apartment Amenities
| Central Heat | Heating |
Building
| Cats OK | Dogs OK |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 34 |
|---|
SPECIAL: $500 off 1st month's rent with a year lease! Sits between downtown and uptown Minneapolis near lovely Stevens Square Park. Spacious apartments with large windows can be enjoyed by you and your pet(s) (2 allowed). Moving in will be a breeze with the help of elevators, carports and limited off street parking. Many restaurants and stores within walking distance. The #2 bus line is right across the street. Fixed Monthly Charges: Electric paid to provider Rubs water/sewer variable* RUBS Processing Fee $6.00 Trash $15.00 Minimum Liability Policy** $10.50 LLI Processing Fee** $4.50 Optional Monthly Charges: $50 Covered Carport if available Cat rent: $25.00 Dog rent: $50.00 6 Month Lease $75.00 9 Month Lease $50.00 Storage site specific *See utility addendum for full disclosure **Liability insurance fees are waived for renters that provide the Declarations Page of their own Renter's Insurance Policy
How 242 West Franklin Ave compares to other nearby properties.
Positives
Considerations
studio apartments at 242 West Franklin Ave cost about 14% more than the average rent price for studio apartments in Stevens Square.
| Month | Median Rent |
|---|---|
| November 2024 | $1,024 |
| 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 |
| August 2026 | $1,050 |
| September 2026 | $1,093 |
| October 2026 | $1,094 |
| Month | Median Rent |
|---|---|
| November 2024 | $806 |
| December 2024 | $846 |
| January 2025 | $865 |
| February 2025 | $847 |
| March 2025 | $850 |
| April 2025 | $868 |
| May 2025 | $873 |
| June 2025 | $861 |
| July 2025 | $850 |
| August 2025 | $863 |
| September 2025 | $869 |
| October 2025 | $865 |
| November 2025 | $825 |
| December 2025 | $828 |
| January 2026 | $829 |
| February 2026 | $826 |
| March 2026 | $833 |
| April 2026 | $843 |
| May 2026 | $889 |
| June 2026 | $847 |
| July 2026 | $856 |
| August 2026 | $814 |
| September 2026 | $831 |
| October 2026 | $812 |
Can I afford to live at 242 W Franklin Ave?
Bedrooms
StudioRent-to-income ratio
30%
$37,000/yr
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Loring Park • 1254 Hennepin Avenue
Studio–2 Beds
$1,100–$2,300
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Merriam Park East • 455 Snelling Ave N
Studio–2 Beds
$1,193–$2,458
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Southwest Richfield • 7620 Penn Ave S
1 Bed
$1,125–$1,407
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.8150 W River Rd
1–2 Beds
$1,095–$1,349
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.South Loop • 3 Appletree Sq
Studio–2 Beds
$1,153–$1,903
Total Monthly Price. The price shown reflects a 3-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Triangle • 4001 W 31st St
1 Bed
$1,036
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Aquila • 8817 W 35th St
1 Bed
$1,175–$1,250
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Snelling Hamline • 304 Snelling Ave N
Studio–2 Beds
$1,176–$2,049
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Loring Park • 1254 Hennepin Avenue
Studio–2 Beds
$1,100–$2,300
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Merriam Park East • 455 Snelling Ave N
Studio–2 Beds
$1,193–$2,458
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Southwest Richfield • 7620 Penn Ave S
1 Bed
$1,125–$1,407
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.8150 W River Rd
1–2 Beds
$1,095–$1,349
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.South Loop • 3 Appletree Sq
Studio–2 Beds
$1,153–$1,903
Total Monthly Price. The price shown reflects a 3-month lease and includes base rent and all known required monthly fees, based on information provided by the property.Triangle • 4001 W 31st St
1 Bed
$1,036
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Aquila • 8817 W 35th St
1 Bed
$1,175–$1,250
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Snelling Hamline • 304 Snelling Ave N
Studio–2 Beds
$1,176–$2,049
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
