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This property receives a strong Zumper expert rating of 9.2 out of 10, showcasing its competitive pricing, outstanding amenities, and prime location, rated 10 and 9 respectively. Additional highlights include on-site laundry, secured bike storage, and all utilities included, making it an excellent choice for diverse lifestyles. The property is also well-situated near numerous restaurants, health centers, and coworking spaces, enhancing its appeal for various interests.
Things you’ll love
Images AvailableLaundry available on siteGreat for
Pet owners
Wellness
Work-from-home| 0BR/1.0BA | Studio | 1 bath | 336 sqft | $895 /mo | 1 unit available | Introducing our Studio in Loring Park, the heart of Minneapolis. Enjoy the convenience of on-site laundry facilities and secured bike storage. With ALL utilities included, you can simplify your monthly expenses. Don't miss out on this fantastic opportunity to live in a prime location with great amenities. Cats and Dogs available with a one-time $250 pet fee and $25 per month for dog. 1 dog max! Bring a standing AC and we will install; remember we pay the electric! Criteria to Rent: Must make 2.5x the monthly rent in gross income to qualify. Good rental history. No recent felony convictions Applicant(s) must be a minimum of eighteen (18) years of age. Your income must be verifiable. If you don’t meet the income qualifications, you will need a co-signor so that all applicants’ income provides a combined income of at least 5 times the monthly rent amount. Cosigners must qualify under the same additional criteria. The Co-signor will need to complete a rental application and pay the $40.00 processing fee. The Co-signor will need to be on the Residential Lease Agreement as well. Self-employed applicants must provide a financial statement from a CPA or previous year’s tax statement. We check criminal arrest records. We check for unlawful detainers and evictions. Unlawful detainers or eviction within the last 3 years are grounds for denial. If an applicant has a rental history, the applicant has to provide a verifiable address to do rental verification, and applicant must not have defaulted in lease obligations or community policies. We will check relevant information on credit history that affects applicants' ability to pay rent (ie: cannot owe previous landlord money) Maltreatment towards Old Home Management LLC Employees or the use of profanity is grounds for denial. Contact AJ or Dominic at the leasing office to schedule a tour today! Contact us today to schedule a tour of your new Loring park apartment! | |
| 1BR/1.0BA | 1 bed | 1 bath | 486 sqft | $1,095–$1,105 /mo | 2 units available | Spacious Modern 1 Bedroom Units Now Available in Loring Park Refreshed units with stone countertops, new laminate flooring, gas ranges, and art-decco aqua-tiled bathrooms. On Site Laundry, Secured Bike Storage. All Utilities Included (except cable/internet)! Steps away from the Walker Art Museum, Sculpture Garden, Lakes & Legends Brewing, Eggy's, Minneapolis Convention Center, & Downtown To Apply: $40 application fee $1095 Rent $1095 Deposit All utilities paid by Landlord, you just pay internet Cats & Dogs allowed with a $250 non-refundable fee and $25 per month for dog. Laundry is on the main level, and there are reloadable laundry cards for paying. You can bring your own AC unit, we will install (remember - we pay the electric!) Would you like to schedule a tour at your convenience? Please contact our leasing office at (612)871-9584. |
Let's explore this property.
Apartment Amenities
| Central Heat | Electricity |
| Gas | Heating |
| Utilities Included |
Appliances
| Fridge/Freezer | Gas Range |
| Microwave | Mircrowave |
| Oven | Range |
| Stove/Oven |
Building
| Cats OK | Onsite Laundry |
| Safe Bike Storage |
Grounds
| Assigned Parking |
Other
| Electricty | Trash and Water |
One-time.
One-time. Refundable.
Assigned Parking
Questions about this property’s policies and fees?
| Units | 100 |
|---|
To Apply: $40 application fee 3x gross monthly verifiable income Photo ID All utilities paid by Landlord, excluding internet Cats allowed with a $250 non-refundable fee SCHEDULE A SHOWING ANYTIME AT YOUR CONVENIENCE BY APPOINTMENT
How Ask about current specials! compares to other nearby properties.
Positives
Considerations
Studio apartments at Ask about current specials! cost about 5% more than the average rent price for studios in Loring Park.
1-bedroom apartments here are priced 15% lower than 1-bedrooms in Loring Park.
| Month | Median Rent |
|---|---|
| December 2023 | $999 |
| 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 | $988 |
| December 2025 | $1,097 |
| Month | Median Rent |
|---|---|
| December 2023 | $825 |
| January 2024 | $825 |
| February 2024 | $800 |
| March 2024 | $829 |
| April 2024 | $832 |
| May 2024 | $856 |
| June 2024 | $832 |
| July 2024 | $870 |
| August 2024 | $891 |
| September 2024 | $874 |
| October 2024 | $949 |
| November 2024 | $923 |
| December 2024 | $872 |
| January 2025 | $834 |
| February 2025 | $849 |
| March 2025 | $857 |
| April 2025 | $891 |
| May 2025 | $910 |
| June 2025 | $849 |
| July 2025 | $849 |
| August 2025 | $871 |
| September 2025 | $881 |
| October 2025 | $884 |
| November 2025 | $832 |
| December 2025 | $847 |
Can I afford to live at 316 Oak Grove Street?
Bedrooms
Rent-to-income ratio
30%
$35,800/yr
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Merriam Park East • 455 Snelling Avenue
Studio
$1,174–$1,294
Columbia Heights • 1230 Cheri Lane Northeast
1–2 Beds
$1,175–$1,425
Loring Park • 1254 Hennepin Avenue
Studio–1 Bed
$1,095–$1,200
Southwest Richfield • 7620 Penn Avenue South
1 Bed
$1,207–$1,480
Arden Hills - Shoreview • 700 7th Street Northwest
1 Bed
$1,305–$1,439
45 Butler Avenue East
1 Bed
$1,421
CARAG • 3535 Bryant Avenue South
Studio–1 Bed
$1,205–$1,520
Merriam Park East • 455 Snelling Avenue
Studio
$1,174–$1,294
Columbia Heights • 1230 Cheri Lane Northeast
1–2 Beds
$1,175–$1,425
Loring Park • 1254 Hennepin Avenue
Studio–1 Bed
$1,095–$1,200
Southwest Richfield • 7620 Penn Avenue South
1 Bed
$1,207–$1,480
Arden Hills - Shoreview • 700 7th Street Northwest
1 Bed
$1,305–$1,439
45 Butler Avenue East
1 Bed
$1,421
CARAG • 3535 Bryant Avenue South
Studio–1 Bed
$1,205–$1,520
