Zumper
modified
18 Hours Ago

Highlights

  • Spacious apartments
  • Large windows
  • Carports
  • Elevators
  • Limited off street parking
  • Storage

Location

242 W Franklin Ave, Minneapolis, MN 55404, USA|Stevens Square
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Contact

Management

Hornig Companies- Hornig Family Limited Partnership

Leasing office

(612) 874-4425

Property Overview

242 West Franklin Ave presents an appealing choice for renters, featuring spacious apartments with large windows, carports, and elevators, complemented by ample storage options. With Zumper's overall expert rating of 8.5, the property excels in value and amenities, offering competitive pricing and an outstanding location near various parks, grocery stores, and restaurants. This verified property emphasizes transparency and trust, making it a top contender for those seeking a vibrant lifestyle with excellent access to public transport and fitness options.

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

8.5
Very Good
With a solid 8.5 out of 10 overall, 242 West Franklin Ave is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 242 West Franklin Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space

Great for

  • Wellness
  • Eco living
  • Social life

Floor plans

0BR/1.0BAStudio1 bath400 sqft$910 /mo1 unit availableSits between downtown and uptown Minneapolis near lovely Stevens Square Park. Spacious apartments with large windows can be enjoyed by you and your cat (s) (2 cats 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 $25.00 6 month lease $50.00 9 month Lease $25.00 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

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Amenities for 242 West Franklin Ave

Apartment Amenities

Central HeatHeating

Building

Cats 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

Dog Policy

Not allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Units34
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About 242 West Franklin Ave

HomeApartments in MinneapolisStevens Square 242 West Franklin Ave

Sits between downtown and uptown Minneapolis near lovely Stevens Square Park. Spacious apartments with large windows can be enjoyed by you and your cat (s) (2 cats 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 $25.00 6 month lease $50.00 9 month Lease $25.00 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


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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, 242 West Franklin Ave is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 242 West Franklin Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 242 West Franklin Ave
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.
242 West Franklin Ave 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·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, 242 West Franklin Ave 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.
242 West Franklin Ave 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·8A 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.
Anyone looking for quality at a great value will find 242 West Franklin Ave to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
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.

242 West Franklin Ave is great for:

Wellness

  • Ample windows and natural lighting
  • HVAC systems available onsite
  • 15 health/wellness centers nearby
  • There are 34 grocery stores within 1 mile

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • 63 parks within a mile

Social life

  • Areas nearby are accessible by walking
  • 290 restaurants within 1 mile of this property
  • The area has transit options
  • 392 mixed-use spaces 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 242 West Franklin Ave compares to other nearby properties.

Positives

More space
The 1-bedroom is 114 sqft larger than other listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location
No laundry facilities available
This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Stevens Square

studio apartments at 242 West Franklin Ave cost about 10% more than the average rent price for studio apartments in Stevens Square.

Median rents as of Nov 1 2025.
Stevens Square
Minneapolis
A table of studio rental data trends in Minneapolis
MonthMedian Rent
November 2023$1,017
December 2023$994
January 2024$964
February 2024$925
March 2024$1,016
April 2024$1,024
May 2024$1,097
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$989
A table of studio rental data trends in Stevens Square
MonthMedian Rent
November 2023$834
December 2023$846
January 2024$849
February 2024$800
March 2024$830
April 2024$834
May 2024$899
June 2024$852
July 2024$867
August 2024$810
September 2024$836
October 2024$799
November 2024$804
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

Affordability calculator

Can I afford to live at 242 W Franklin Ave?

Bedrooms

Studio

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

$36,400/yr

With your selected rent-to-income ratio, you'd ideally want to make $36,400 annually to afford this studio monthly rent price of $910.
For more information on rent affordability, visit our rent calculator.

Schools near 242 West Franklin Ave

Ella Baker Global Studies and Humanities School

1200 w 26th st

minneapolis, MN, 55405

PK, K-8Public
C

River Bend Educational Center

1510 glenwood ave s

minneapolis, MN, 55405

K-12Public

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

MPS Metro HA

932 e. 34th st.

minneapolis, MN, 55407

K-12Public
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Getting around Minneapolis near 242 W Franklin Ave

Walking

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

Driving

6/10
This area is close to freeways and has adequate parking options.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 242 W Franklin Ave, Minneapolis

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

7/10
Variety of shops within walking distance

Cafes

6/10
Variety of cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

Primary schools

8/10
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

7/10
Moderate amount of park space nearby

Nightlife

6/10
Variety of bars within walking distance

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