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Franklin offers strong overall value with an 8.5/10 expert rating, highlighted by excellent scores for price, amenities, location, and trustworthiness, plus a non‑smoking environment. It is especially well suited to residents who prioritize work-from-home setups, fitness and wellness access, and pet-friendly living, thanks to high-speed internet, abundant natural light, nearby gyms and green spaces, and convenient pet services.
Things you’ll love
Great for
| 0BR/1.0BA | Studio | 1 bath | $935 /mo | 1 unit available | This first-floor studio apartment features exposed brick walls in both the kitchen and the living room area. It has two big closets and large windows that allow for lots of natural sunlight. The building is located in the beautiful Lowry Hill neighborhood in south Minneapolis, near the intersection of Franklin and Hennepin Avenues. Restaurants, entertainment, and shopping are mere blocks away on Franklin & Lyndale, and there are more shops and dining options further south on Hennepin. Lake of the Isles is a short 7 block walk away, with its connecting bike trails that lead around all four of the south Minneapolis city lakes - Isles, Bde Maka Ska, Cedar, and Harriet. It's easy to access the Midtown Greenway as well, running just south of Lake of the Isles. The Walker Art Center and Sculpture Garden are easy to reach, as well as beautiful Loring Park and Downtown Minneapolis. Laundry and extra storage are available on site. Heat, water, and garbage removal are included in rent. Tenant is only responsible for electricity and cooking gas. This is a non-smoking building. Photos do not reflect an exact representation of the unit. Photos represent the style and layout. Security Deposit: $935 Monthly Rent: $935 Utilities: Resident responsible for Electric and Internet. Water, Sewage, Trash, Recycling, and Heat are all covered by the building Application Fee: $50.00 per person Pet Rent: $35 per pet per month. Pet Deposit: $300 nonrefundable. Resident is required to provide proof of Renters Insurance or resident will be charged $15.00 a month for liability of lease insurance as provided by the building. Rental Requirements: ALL APPLICANTS MUST QUALIFY UNDER EACH REQUIREMENT. • Age: Must be at least 21 years of age to contract for lease. • A credit, housing, and criminal conviction background check is run on all applicants. • Applicant should have good credit. Charged off accounts, collections, judgments, or bankruptcies may be grounds for denial. • Rental History: The applicant(s) should have a positive past rental history or have previously owned a home (with mortgage in good standing). This includes no late rent payments, eviction actions, lease violations, or other negative housing history. • Income: A prospective Resident should meet the minimum income requirements must have a gross monthly income of at least 2.85 times the monthly rent |
Let's explore this property.
Apartment Amenities
| Ceiling Fan | Hardwood Floor |
| Heat Included | High Ceiling |
| High Ceilings | Natural Woodwork |
| Updated Window |
Building
| Bike Storage | Cats OK |
| Onsite Laundry | Vintage Building |
Grounds
| Storage |
Neighborhood
| Bus Route | Close To Dining and Shopping |
| Close to Park | Walkable |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 33 |
|---|
This first-floor studio apartment features exposed brick walls in both the kitchen and the living room area. It has two big closets and large windows that allow for lots of natural sunlight. The building is located in the beautiful Lowry Hill neighborhood in south Minneapolis, near the intersection of Franklin and Hennepin Avenues. Restaurants, entertainment, and shopping are mere blocks away on Franklin & Lyndale, and there are more shops and dining options further south on Hennepin. Lake of the Isles is a short 7 block walk away, with its connecting bike trails that lead around all four of the south Minneapolis city lakes - Isles, Bde Maka Ska, Cedar, and Harriet. It's easy to access the Midtown Greenway as well, running just south of Lake of the Isles. The Walker Art Center and Sculpture Garden are easy to reach, as well as beautiful Loring Park and Downtown Minneapolis. Laundry and extra storage are available on site. Heat, water, and garbage removal are included in rent. Tenant is only responsible for electricity and cooking gas. This is a non-smoking building. Photos do not reflect an exact representation of the unit. Photos represent the style and layout. Security Deposit: $935 Monthly Rent: $935 Utilities: Resident responsible for Electric and Internet. Water, Sewage, Trash, Recycling, and Heat are all covered by the building Application Fee: $50.00 per person Pet Rent: $35 per pet per month. Pet Deposit: $300 nonrefundable. Resident is required to provide proof of Renters Insurance or resident will be charged $15.00 a month for liability of lease insurance as provided by the building. Rental Requirements: ALL APPLICANTS MUST QUALIFY UNDER EACH REQUIREMENT. • Age: Must be at least 21 years of age to contract for lease. • A credit, housing, and criminal conviction background check is run on all applicants. • Applicant should have good credit. Charged off accounts, collections, judgments, or bankruptcies may be grounds for denial. • Rental History: The applicant(s) should have a positive past rental history or have previously owned a home (with mortgage in good standing). This includes no late rent payments, eviction actions, lease violations, or other negative housing history. • Income: A prospective Resident should meet the minimum income requirements must have a gross monthly income of at least 2.85 times the monthly rent
How Franklin compares to other nearby properties.
Positives
Considerations
studio apartments at Franklin cost about 4% more than the average rent price for studio apartments in Lowry Hill.
| 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 |
| May 2026 | $1,025 |
| Month | Median Rent |
|---|---|
| May 2024 | $865 |
| June 2024 | $865 |
| July 2024 | $875 |
| August 2024 | $891 |
| September 2024 | $895 |
| December 2024 | $875 |
| January 2025 | $906 |
| February 2025 | $928 |
| March 2025 | $895 |
| April 2025 | $892 |
| May 2025 | $895 |
| June 2025 | $894 |
| July 2025 | $894 |
| September 2025 | $895 |
| October 2025 | $875 |
| November 2025 | $895 |
| December 2025 | $899 |
| February 2026 | $895 |
| March 2026 | $906 |
| April 2026 | $917 |
| May 2026 | $895 |
Can I afford to live at 1117 W Franklin Ave?
Bedrooms
StudioRent-to-income ratio
30%
$37,400/yr
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