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Highlights

  • Pet Friendly
  • Private balcony
  • In-unit laundry
  • Stainless steel appliances
  • Elevator
  • Underground parking
  • Outdoor patio

Location

500 W Franklin Ave, Minneapolis, MN 55405, USA|Stevens Square
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Property Overview

Wedgewood Apartments earns strong marks for value, location, quality, and amenities, with standout features like a private balcony, in-unit laundry, stainless steel appliances, an elevator, underground parking, and an outdoor patio. It also offers convenient access to nearby schools, pet-related resources, and helpful property photos, making it appealing for renters seeking a well-rounded place with solid everyday convenience.

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.

Zumper Expert Rating

8.7
Very Good
With a solid 8.7 out of 10 overall, Wedgewood Apartments is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Wedgewood 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.

Things you’ll love

  • More space
  • Middle school nearby
  • High school nearby

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath907 sqft**Rental Promotion** ONE MONTH FREE + Free Parking! (ask leasing about the details) Divide the special over 12 months to achieve $1295/month Lease is signed at market rent of $1412/mo. 12 month lease or longer! Move in by October 30 This spacious 1-bedroom unit by Lowry Hill will be sure to impress. Features include in-unit Laundry, stainless steel appliances including a dishwasher, plenty of storage space, and a built in bar between the kitchen and dinning room that is great for entertaining. This unit features fresh paint, updated designer track lighting, brand new stone counter-tops and premium floor with new blinds and more! Building amenities include underground parking ($), an elevator, and an outdoor patio with grill and lounge furniture. Rent is $1,595 the deposit is $1,000 and the application fee is $45. Pets are more than welcome! One time pet fee of $150 and monthly pet rent of $45 for dogs and $25 for cats. Residents pay Xcel and Centerpoint directly, all other utilities are paid for by building management with a flat $75 monthly utility fee to resident. Call or email to schedule your tour! Riley Companies requires all leaseholders to maintain Liability to Landlord Insurance (LLI). Residents may provide proof of policy that meets our requirements; otherwise, they will be automatically enrolled in LLI coverage at a monthly cost of $10.50.
2BR/2.0BA2 bed2 bath907 sqft**Rental Promotion** Receive $2400 move-in concession (applied to your second month of residency) Divide the special over 12 months to achieve $1,795/month Lease is signed at market rent of $1,995/mo. 12 month lease or longer! Seriously, great size apartment for this price and such a great finish. This is a deal! Great location walkable to Loring Park, Uptown, Downtown, Eat Street,Wedge grocery and much more. This large 2 bedroom 2 bathroom unit will be sure to impress. This is a 2nd floor corner unit with it's own private balcony. Unit features includes: -Brand new stainless steel appliances including washer/dryer in unit -Chef's kitchen with stone counter-tops, farmhouse style sink and dishwasher -Freshly painted walls -New lighting throughout -Newly installed designer LVT flooring and more Underground heating parking is available for $125. Rent is $2,195 the deposit is $1,000 and our application fee is $45. Residents pay electricity directly to Xcel and Gas to CenterPoint; all other utilities (water, sewer, trash, recycling) are a flat $75 monthly fee. Building is equipped with secure entry, elevator, outdoor patio and more! Call or email to schedule your tour! Pet friendly building with one-time $150 fee and monthly pet rent of $45 for dogs and $25 for cats. Photos of actual unit. Riley Companies requires all leaseholders to maintain Liability to Landlord Insurance (LLI). Residents may provide proof of policy that meets our requirements; otherwise, they will be automatically enrolled in LLI coverage at a monthly cost of $10.50.

Available rentals nearby

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The Link Minneapolis Low-Rise

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Prospect Park • 2900 4th St Se

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$1,690

Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.
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Tangletown • 4815 Nicollet Ave

1–2 Beds

N/A

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Kingfield • 4200 1st Ave S

2 Beds

$1,399

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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Triangle • 4001 W 31st St

1–2 Beds

$1,036–$1,241

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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Laurel Village Apartments

Our team has verified this company

Loring Park • 1254 Hennepin Avenue

1–2 Beds

$1,300–$2,300

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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Tree Tops Apartments, Uptown Minneapolis

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CARAG • 3535 Bryant Ave S

1–2 Beds

$1,425–$1,765

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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Rivergate Apartments

Our team has verified this company

Downtown West • 115 2nd Ave S

1–2 Beds

$1,245–$1,715

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
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HERE Minneapolis Apartments

Our team has verified this company

Prospect Park • 2813 4th St Se

1–2 Beds

$1,500–$2,240

Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.
featured image of 2900 4th St Se

The Link Minneapolis Low-Rise

Our team has verified this company

Prospect Park • 2900 4th St Se

1 Bed

$1,690

Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.
featured image of 4815 Nicollet Ave

Rustic Lodge

Our team has verified this company

Tangletown • 4815 Nicollet Ave

1–2 Beds

N/A

featured image of 4200 1st Ave S

Kingfield • 4200 1st Ave S

2 Beds

$1,399

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
featured image of 4001 W 31st St

Triangle • 4001 W 31st St

1–2 Beds

$1,036–$1,241

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
featured image of 1254 Hennepin Avenue

Laurel Village Apartments

Our team has verified this company

Loring Park • 1254 Hennepin Avenue

1–2 Beds

$1,300–$2,300

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
featured image of 3535 Bryant Ave S

Tree Tops Apartments, Uptown Minneapolis

Our team has verified this company

CARAG • 3535 Bryant Ave S

1–2 Beds

$1,425–$1,765

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
featured image of 115 2nd Ave S

Rivergate Apartments

Our team has verified this company

Downtown West • 115 2nd Ave S

1–2 Beds

$1,245–$1,715

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
featured image of 2813 4th St Se

HERE Minneapolis Apartments

Our team has verified this company

Prospect Park • 2813 4th St Se

1–2 Beds

$1,500–$2,240

Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.

Rent trends in Stevens Square

Median rents as of Oct 24 2026.
Stevens Square
Minneapolis
A table of studio rental data trends in Minneapolis
MonthMedian Rent
November 2024$1,024
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$1,024
June 2026$1,051
July 2026$1,046
August 2026$1,050
September 2026$1,093
October 2026$1,094
A table of studio rental data trends in Stevens Square
MonthMedian Rent
November 2024$806
December 2024$846
January 2025$865
February 2025$847
March 2025$850
April 2025$868
May 2025$873
June 2025$861
July 2025$850
August 2025$863
September 2025$869
October 2025$865
November 2025$825
December 2025$828
January 2026$829
February 2026$826
March 2026$833
April 2026$843
May 2026$889
June 2026$847
July 2026$856
August 2026$814
September 2026$831
October 2026$812

Schools near Wedgewood Apartments

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

River Bend Educational Center

1510 glenwood ave s

minneapolis, MN, 55405

K-12Public

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
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Getting around Minneapolis near 500 W Franklin Ave

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 500 W Franklin Ave, Minneapolis

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

7/10
Several shops within a few minutes’ walk

Cafes

6/10
Several cafés within a few minutes’ walk

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
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

8/10
Large amount of park space nearby

Nightlife

7/10
Several bars within a few minutes’ walk

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