2 Days Ago
Location
2829 Park Avenue South, Minneapolis, Minnesota 55407, United States|Phillips
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent MinneapolisApartments for rent St. PaulApartments for rent Maple GroveApartments for rent Brooklyn Park - Maple GroveApartments for rent PlymouthApartments for rent EaganApartments for rent ComoApartments for rent St. Louis ParkApartments for rent BloomingtonApartments for rent BlaineApartments for rent MaplewoodApartments for rent Maplewood - OakdaleApartments for rent River FallsApartments for rent Eden PrairieApartments for rent Eden PrairieApartments Near Me
Houses for rent St. PaulHouses for rent MinneapolisHouses for rent EdinaHouses for rent PlymouthHouses for rent HopkinsHouses for rent Summit - UniversityHouses for rent Summit HillHouses for rent Hamline - MidwayHouses for rent ChanhassenHouses for rent Elliot ParkHouses for rent WhittierHouses for rent BloomingtonHouses for rent Downtown WestHouses for rent Plymouth - WayzataHouses for rent RosevilleHouses for rent near me
Property Overview
Balfour Apartments has received an overall Zumper Expert Rating of 8.7 out of 10, reflecting its competitive pricing and impressive amenities. The property excels in location with a rating of 9 out of 10 due to its accessibility to transit, parks, and restaurants, enhancing the quality of life. Notable refinished hardwood floors and a focus on environmental sustainability further underline its appeal, making it a standout choice for those seeking a vibrant community.
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
More space- Elementary school nearby
Great for
Social life
Eco living
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 500 sqft | $869 /mo | 1 unit available | Studio apartment available 1/7 Hardwood Floors and Built Ins Month to month lease Rent is $869 Deposit $860 $45 application fee Resident pays electric Resident pays an allocated amount of the water and gas bill for the building, averaging $55-60/month Cat Friendly (Up to 2 allowed, no fees) Free storage locker Visit our website at www bmgMNrentals com For more information or to schedule a showing, please call or text us at 612-281-3317 |
Let's explore this property.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 16 |
|---|
Advertisement
About Balfour Apartments
Studio apartment available 1/7 Hardwood Floors and Built Ins Month to month lease Rent is $869 Deposit $860 $45 application fee Resident pays electric Resident pays an allocated amount of the water and gas bill for the building, averaging $55-60/month Cat Friendly (Up to 2 allowed, no fees) Free storage locker 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.
8.7
/10
Very GoodWith a solid 8.7 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·7A 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.
Balfour Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
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
- More space
- Studio is 100 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.3 mile away
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
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Phillips
studio apartments at Balfour Apartments cost about 3% less than the average rent price for studio apartments in Phillips.
Median rents as of Nov 29 2025.
Phillips
Minneapolis
| Month | Median Rent |
|---|---|
| December 2023 | $1,000 |
| 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 |
| Month | Median Rent |
|---|---|
| December 2023 | $900 |
| January 2024 | $900 |
| February 2024 | $917 |
| March 2024 | $955 |
| April 2024 | $908 |
| 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 |
Affordability calculator
Can I afford to live at 2829 Park Avenue South?
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
$34,760/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,760 annually to afford this studio monthly rent price of $869.
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
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
MPS Metro HA
932 e. 34th st.
minneapolis, MN, 55407
K-12Public
Advertisement
Internet available near Balfour Apartments
Getting around Minneapolis near 2829 Park Avenue South
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 Avenue South, 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
Compare similar properties nearby
- cats ok
- fitness center
- on-site laundry
Laurel Village Apartments
Our team has verified this companyLoring Park • 1254 Hennepin Avenue
Studio
$1,095
- cats ok
- fitness center
- on-site laundry
Concierge
Our team has verified this companySouthwest Richfield • 7620 Penn Avenue South
1 Bed
$1,082–$1,240
- cats ok
- fitness center
- on-site laundry
Liffey on Snelling
Our team has verified this companySnelling Hamline • 304 Snelling Avenue
Studio
$1,105–$1,262
- cats ok
- fitness center
- on-site laundry
- cats ok
- fitness center
- on-site laundry
Granite Peaks Apartments
Our team has verified this companyBrooklyn Center • 3907 65th Avenue North
Studio–1 Bed
$1,033
- cats ok
- fitness center
- on-site laundry
McCarrons Village
Our team has verified this companyNorth of Maryland • 99 West California Avenue
Studio–1 Bed
$988–$1,088
- cats ok
- fitness center
- on-site laundry
Roseville Terrace Apartments
Our team has verified this companyRoseville • 1760 North Fernwood Street
1 Bed
$1,080
- cats ok
- fitness center
- on-site laundry
- cats ok
- fitness center
- on-site laundry
Laurel Village Apartments
Our team has verified this companyLoring Park • 1254 Hennepin Avenue
Studio
$1,095
- cats ok
- fitness center
- on-site laundry
Concierge
Our team has verified this companySouthwest Richfield • 7620 Penn Avenue South
1 Bed
$1,082–$1,240
- cats ok
- fitness center
- on-site laundry
Liffey on Snelling
Our team has verified this companySnelling Hamline • 304 Snelling Avenue
Studio
$1,105–$1,262
- cats ok
- fitness center
- on-site laundry
- cats ok
- fitness center
- on-site laundry
Granite Peaks Apartments
Our team has verified this companyBrooklyn Center • 3907 65th Avenue North
Studio–1 Bed
$1,033
- cats ok
- fitness center
- on-site laundry
McCarrons Village
Our team has verified this companyNorth of Maryland • 99 West California Avenue
Studio–1 Bed
$988–$1,088
- cats ok
- fitness center
- on-site laundry
Roseville Terrace Apartments
Our team has verified this companyRoseville • 1760 North Fernwood Street
1 Bed
$1,080
- cats ok
- fitness center
- on-site laundry