1 Day Ago
Highlights
- Quiet neighborhood
- Onsite laundry
- Off-street parking
- Off street parking
Location
48 27th Ave Se, Minneapolis, MN 55414, USA|Prospect Park
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Property Overview
Yale Place receives an impressive overall rating of 8.8 from Zumper, attributed to its exceptional amenities, quality, and location, which are rated 10, 9, and 9 respectively. With an excellent balance of price and value and placed in the 81.94 percentile for affordability, it is ideal for those seeking pet-friendly options and remote work capabilities, featuring nearby dog parks and coworking spaces. The property also offers significant features like onsite laundry, off-street parking, and a quiet neighborhood, enhancing its appeal to prospective renters.
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
Less expensive- Middle school nearby
- Laundry available on site
Great for
Work-from-home
Pet owners
Floor plans
| Studio Apartment: Yale Place | Studio | 1 bath | 395 sqft | $895 /mo | 1 unit available | Great Price & Great Location: Studio Apartment in Beautiful Prospect Park Located near the banks of the Mississippi River, in the Prospect Park neighborhood of Minneapolis, you will find Yale Place tucked in a quiet neighborhood, with excellent access to the University of Minnesota & Interstate 94. These well-kept apartments with onsite laundry and off-street parking available are a great value for anyone looking to live near the University of Minnesota! Come home to Yale Place! Pet Policies: -Cats allowed -Max 2 cats total -Cats must be spayed/neutered, vaccinated, and at least one year old Fixed Monthly Charges: -Electric paid to Xcel Energy -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: Off street parking $50.00 -Cat: $25.00 Lease Term: 12-Month Initial Lease Term Only *See utility addendum for full RUBS disclosure **Liability insurance fees are waived for renters that provide the Declarations Page of their own Renter's Insurance Policy See Hornig Companies Fee Disclosure for full details on all charges. |
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Amenities for Yale Place
Apartment Amenities
| Air Conditioning |
Appliances
| Gas Oven/Range | Refrigerator |
Tech
| Cable Ready | High Speed Internet Access |
| High Speed Internet Ready |
Building
| Cats OK | Non Smoking Property |
| Onsite Laundry |
Services
| 24 Hour Emergency Maintenance |
Neighborhood
| Close to Walking Trail | On Bus Line |
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
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 18 |
|---|
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About Yale Place
Located near the banks of the Mississippi River, in the Prospect Park neighborhood of Minneapolis, you will find Yale Place tucked in a quiet neighborhood, with excellent access to the University of Minnesota & Interstate 94. These well-kept apartments with onsite laundry and off-street parking available are a great value for anyone looking to live near the University of Minnesota!
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.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Yale Place is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Yale Place 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, Yale Place is a great option for renters looking for apartments in Prospect Park. 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.
Yale Place 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—cats allowed—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.
Yale Place 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·9A 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.
Yale Place has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.
Reviews from the web
Showing 4 highest rated
Not bad at all, it's a good deal for being close to the univeristy. Management is responsive and kind.
natasha jade
Apr 26, 2023
I have enjoyed my time at this apartment.The Manager and Assistant Manager are very responsive (when you email or call they reply prompt), it is an older apartment but it is well maintained and clean. It is very close to restaurants, attractions and great transit links (bus lines and light rail). It is also very quiet and chill no hot-messes or busybodies here. It is in the very desirable Prospect Park neighborhood.
Olufunso Oresanya
Nov 19, 2022
We’re sharing just 4 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
Yale Place 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 Yale Place compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 0.4 mile away
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Prospect Park
studio apartments at Yale Place cost about 26% less than the average rent price for studio apartments in Prospect Park.
Median rents as of Jan 31 2026.
Prospect Park
Minneapolis
| Month | Median Rent |
|---|---|
| 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 | $988 |
| December 2025 | $1,098 |
| January 2026 | $1,079 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,237 |
| March 2024 | $1,280 |
| April 2024 | $1,297 |
| May 2024 | $1,300 |
| June 2024 | $1,298 |
| July 2024 | $1,298 |
| August 2024 | $1,280 |
| September 2024 | $1,271 |
| October 2024 | $1,227 |
| November 2024 | $1,295 |
| December 2024 | $1,295 |
| January 2025 | $1,325 |
| February 2025 | $1,294 |
| March 2025 | $1,273 |
| April 2025 | $1,301 |
| May 2025 | $1,324 |
| June 2025 | $1,355 |
| July 2025 | $1,339 |
| August 2025 | $1,254 |
| September 2025 | $1,313 |
| October 2025 | $1,341 |
| November 2025 | $1,346 |
| December 2025 | $1,332 |
| January 2026 | $1,310 |
Affordability calculator
Can I afford to live at 48 27th 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
$35,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this studio monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.
Schools near Yale Place
Pratt Elementary School
66 malcolm ave se
minneapolis, MN, 55414
PK, K-5Public
C+
MPS Metro HA
932 e. 34th st.
minneapolis, MN, 55407
K-12Public
MPS Metro SJ
932 east 34th st
minneapolis, MN, 55407
K-12Public
Early Childhood Special Education
3320 elliot ave s
minneapolis, MN, 55407
PK, KPublic
B+
River Bend Educational Center
1510 glenwood ave s
minneapolis, MN, 55405
K-12Public
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Internet available near Yale Place
Getting around Minneapolis near 48 27th Ave Se
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
6/10
Popular public transit options are just a short walk from this location.
Points of interest for 48 27th Ave Se, Minneapolis
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 48 27th Ave Se
Fresh Thyme Market
24 30th Ave SE
Seward Community Co-op
2823 E Franklin Ave
Kosmoski's Specialty Co
2715 E 25th St
Raymond Ave Co-op at Hampden
928 Raymond Ave
Cub
2850 26th Ave S
University of MN Bookstore
300 Washington Ave SE
Sisterhood Boutique
2200 Riverside Ave
Cocoon House LLC
2367 University Ave W
Patina Inc
2639 Minnehaha Ave
Target
1329 5th St SE
Dunn Brothers Coffee
808 Washington Ave SE
Dogwood Coffee
2700 University Ave W
The Test Kitchen
825 Washington Ave SE
Dunkin'
620 Washington Ave SE
Caribou Coffee
604 Washington Ave SE
Sally's Saloon
712 Washington Ave SE
Oshaughnessy Distilling
600 Malcolm Ave SE
The Beacon Public House
615 Washington Ave SE
Buffalo Wild Wings
2001 University Ave SE
Stardust Bowling Lanes
2520 26th Ave S
Einstein Bros Bagels
300 Washington Ave SE
Mon Petit Cheri
2401 E Franklin Ave
Einstein Bros Bagels
2211 Riverside Ave
New French Bakery
2609 26th Ave S
Rebecca's Bakery and Cafe
2111 E Franklin Ave
Luxton Park
East River Flats
Tower Hill Park
Mississippi Gorge Park
Mississippi Gorge Park
Highway 10 BBQ
3020 University Ave SE
Gandhi Mahal
3025 E Franklin Ave
Cajun House
2600 University Ave SE
World Endeavors LLC
3015 E Franklin Ave
Ugarden
2725 University Ave SE
Franklin Ave SE & 27th Ave SE
Franklin Ave SE & East River Rd
Franklin Ave SE & River Terrace E
Franklin Ave SE & River Terrace E
Franklin Ave SE & Arthur Ave
Target Field Station & Rail Platform
Northstar Commuter Rail
Prospect Park Station
METRO Green Line
Prospect Park Station
METRO Green Line
Stadium Village Station
METRO Green Line
Stadium Village Station
METRO Green Line
Westgate Station
METRO Green Line
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