13 Hours Ago
Location
2829 Park Ave, Minneapolis, MN 55407, USA|Phillips
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Property Overview
Balfour Apartments has an impressive overall Zumper Expert Rating of 8.2, reflecting its strong value proposition with a competitive price rating of 8 out of 10. The property excels in location, receiving a 9 out of 10 for its proximity to popular areas, public transit, and dining options, while also scoring 8 for amenities and quality. Notably, it is cat-friendly and situated in a vibrant neighborhood, making it appealing for those valuing sustainability and social life.
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
Great for
Eco living
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 600 sqft | $1,029 /mo | 1 unit available | 1 bedroom apartment available Beautiful hardwood floors and built ins! Pictures are from a similar unit $1,029 Rent $1,020 Deposit Resident pays electric Resident pays an allocated amount of the water and gas bill for the building, averaging $80/month Cat Friendly (Up to 2 allowed, no fees) $45 application fee Visit our website at www bmgMNrentals com For more information or to schedule a showing, please call or text us at 612-281-3317 |
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Policies and fees
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One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 16 |
|---|
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About Balfour Apartments
1 bedroom apartment available Beautiful hardwood floors and built ins! Pictures are from a similar unit $1,029 Rent $1,020 Deposit Resident pays electric Resident pays an allocated amount of the water and gas bill for the building, averaging $80/month Cat Friendly (Up to 2 allowed, no fees) $45 application fee Visit our website at www bmgMNrentals com For more information or to schedule a showing, please call or text us at 612-281-3317
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, Balfour Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Balfour Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A 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.
Balfour Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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, Balfour Apartments 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.
Balfour Apartments 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 Balfour Apartments 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.
Balfour Apartments 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 Balfour Apartments compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar 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
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Rent trends in Phillips
1-bedroom apartments at Balfour Apartments cost about 5% more than the average rent price for 1-bedroom apartments in Phillips.
Median rents as of Apr 25 2026.
Phillips
Minneapolis
| Month | Median Rent |
|---|---|
| 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 |
| February 2026 | $1,088 |
| March 2026 | $1,077 |
| April 2026 | $1,032 |
| Month | Median Rent |
|---|---|
| November 2024 | $965 |
| December 2024 | $982 |
| January 2025 | $1,000 |
| April 2025 | $862 |
| May 2025 | $890 |
| June 2025 | $900 |
| July 2025 | $1,022 |
| August 2025 | $1,065 |
| September 2025 | $937 |
| October 2025 | $915 |
| November 2025 | $895 |
| December 2025 | $913 |
| January 2026 | $927 |
| February 2026 | $942 |
| March 2026 | $944 |
| April 2026 | $912 |
Affordability calculator
Can I afford to live at 2829 Park Ave?
Bedrooms
1 bedroomRent-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
$41,160/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,160 annually to afford this 1-bedroom monthly rent price of $1,029.
For more information on rent affordability, visit our rent calculator.
Schools near Balfour Apartments
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
Folwell Elementary
3611 20th ave s
minneapolis, MN, 55407
PK, K-5Public
C
Ella Baker Global Studies and Humanities School
1200 w 26th st
minneapolis, MN, 55405
PK, K-8Public
C
Justice Alan Page Elementary School
999 nofound st
nofoundcity, MN, 88888
PK, K-5Public
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Internet available near Balfour Apartments
Getting around Minneapolis near 2829 Park Ave
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 2829 Park Ave, Minneapolis
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
8/10
Variety of restaurants within walking distance
Primary schools
9/10
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
5/10
Some bars within walking distance
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