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Thompson Flats earns a strong overall rating with competitive pricing, standout amenities, and a convenient location, along with clear, detailed property information. Its stainless appliances, quartz countertops, updated bathroom, LED lighting, and individually controlled heat and air conditioning are complemented by nearby transit, walkable access, and strong appeal for social life, work from home, sustainability, and wellness.
Things you’ll love
Middle school nearbyDishwasherFireplaceGreat for
Wellness
Eco living
Social life| 0BR/1.0BA | Studio | 1 bath | 413+ sqft | $995–$1,050 /mo | 2 units available | The Thompson Flats were built in 1900 and are listed on the National Parks Service National Register of Historical Places. We are conveniently located south of downtown Minneapolis across the street from the Basilica and a half block from Loring Park Apartment 23 has been fully renovated while preserving its unique historic character with: -Individually controlled heat and air conditioning -Refinished hardwood floors and woodwork -Bright updated bathroom with a ceramic tile floor with radiant heat and a ceramic shower with glass doors. -Kitchen cabinets with quartz countertops and stainless appliances. -Valor gas fireplace. -Energy efficient LED lighting and Marvin thermal windows. -Fully updated electric service with three prong grounded outlets with USB plugins. There is an additional charge of $40 per month for the apartment's dedicated Wi-Fi internet service from the building's US Internet fiber connection and trash. Ramp parking is available for $100 per month. |
Let's explore this property.
Apartment Amenities
| Fireplace | Gas Fireplace |
| Trash | Water |
Appliances
| Dishwasher | Range |
| Refrigerator | Stove |
One-time.
One-time. Refundable.
| Units | 12 |
|---|
The Thompson Flats were built in 1900 and are listed on the National Parks Service National Register of Historical Places. We are conveniently located south of downtown Minneapolis across the street from the Basilica and a half block from Loring Park Apartment 23 has been fully renovated while preserving its unique historic character with: -Individually controlled heat and air conditioning -Refinished hardwood floors and woodwork -Bright updated bathroom with a ceramic tile floor with radiant heat and a ceramic shower with glass doors. -Kitchen cabinets with quartz countertops and stainless appliances. -Valor gas fireplace. -Energy efficient LED lighting and Marvin thermal windows. -Fully updated electric service with three prong grounded outlets with USB plugins. There is an additional charge of $40 per month for the apartment's dedicated Wi-Fi internet service from the building's US Internet fiber connection and trash. Ramp parking is available for $100 per month.
How Thompson Flats compares to other nearby properties.
Positives
Considerations
studio apartments at Thompson Flats cost about 11% more than the average rent price for studio apartments in Loring Park.
| Month | Median Rent |
|---|---|
| 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 | $1,024 |
| June 2026 | $1,051 |
| Month | Median Rent |
|---|---|
| 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 | $848 |
| January 2026 | $872 |
| February 2026 | $895 |
| March 2026 | $898 |
| April 2026 | $898 |
| May 2026 | $899 |
| June 2026 | $899 |
Can I afford to live at 1605 Hennepin Ave?
Bedrooms
StudioRent-to-income ratio
30%
$39,800/yr
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Loring Park • 1254 Hennepin Avenue
Studio–2 Beds
$1,100–$2,300
Merriam Park East • 455 Snelling Ave N
Studio–2 Beds
$1,066–$1,686
Columbia Heights • 1230 Cheri Lane Northeast
1–2 Beds
$1,200–$1,500
Highland • 845 Cleveland Avenue South
1–2 Beds
$1,325–$1,850
CARAG • 3535 Bryant Ave S
Studio–1 Bed
$1,355–$1,480
Eden Prairie • 16315 Wagner Way
1–2 Beds
$1,320–$1,975
Loring Park • 1254 Hennepin Avenue
Studio–2 Beds
$1,100–$2,300
Merriam Park East • 455 Snelling Ave N
Studio–2 Beds
$1,066–$1,686
Columbia Heights • 1230 Cheri Lane Northeast
1–2 Beds
$1,200–$1,500
Highland • 845 Cleveland Avenue South
1–2 Beds
$1,325–$1,850
CARAG • 3535 Bryant Ave S
Studio–1 Bed
$1,355–$1,480
Eden Prairie • 16315 Wagner Way
1–2 Beds
$1,320–$1,975
