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242 West Franklin Ave offers spacious apartments with large windows, elevators, storage, and carports, plus limited off-street parking, achieving an overall expert rating of 8.5/10 with particularly strong scores for price, location, and amenities. The property ranks in a high value-per-square-foot percentile, provides extensive photos, and sits in an area with walkability, access to public transit, numerous parks, restaurants, gyms, and wellness centers, making it appealing for environmental sustainability, social life, and fitness-focused lifestyles.
Things you’ll love
More spaceImages AvailableGreat for
Social life
Eco living
Wellness| 0BR/1.0BA | Studio | 1 bath | 400 sqft | $910 /mo | 1 unit available | 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 an ease 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: Parking: $50 based on availability Cat $25.00 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 | |
| 1BR/1.0BA | 1 bed | 1 bath | 740 sqft | $1,020 /mo | 1 unit available | 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 $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 |
One-time.
One-time. Refundable.
Contact for more information on pet policy.
Questions about this property’s policies and fees?
| Units | 34 |
|---|
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 $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 2% more than the average rent price for studios in Stevens Square.
1-bedroom apartments here are priced 11% lower than 1-bedrooms in Stevens Square.
| Month | Median 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 |
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $828 |
| January 2026 | $829 |
| February 2026 | $826 |
| March 2026 | $833 |
| April 2026 | $843 |
| May 2026 | $884 |
Can I afford to live at 242 W Franklin Ave?
Bedrooms
Rent-to-income ratio
30%
$36,400/yr
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