Zumper
modified
16 Hours Ago

Highlights

  • Stainless appliances
  • Individually controlled heat and air conditioning
  • Updated bathroom
  • Kitchen cabinets with quartz countertops
  • Energy efficient led lighting

Location

1605 Hennepin Ave, Minneapolis, MN 55403, USA|Loring Park
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Management

Fletcher Management, Inc.

Leasing office

(952) 922-4945

Property Overview

Thompson Flats is a well-rated property with strong value, amenities, and location scores, offering stainless appliances, quartz countertops, updated bathrooms, and individually controlled heat and air conditioning. It also stands out for walkability, nearby parks, transit access, and plenty of nearby dining, cultural, wellness, and coworking options, with added appeal from energy-efficient LED lighting and a transparent, trusted listing.

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

8.5
Very Good
With a solid 8.5 out of 10 overall, Thompson Flats is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Thompson Flats 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

  • Middle school nearby
  • Dishwasher
  • Fireplace

Great for

  • Wellness
  • Work-from-home
  • Social life

Floor plans

0BR/1.0BAStudio1 bath413+ sqft$995–$1,050 /mo2 units availableThe 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.

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Amenities for Thompson Flats

Apartment Amenities

FireplaceGas Fireplace
TrashWater

Appliances

DishwasherRange
RefrigeratorStove
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units12
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About Thompson Flats

HomeApartments in MinneapolisLoring Park Thompson Flats

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.


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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Thompson Flats is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Thompson Flats has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Thompson Flats
Price·9A 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.
Thompson Flats stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A 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.
Thompson Flats goes above and beyond to provide sought-after conveniences and desirable perks, including trash. Renters looking for popular or luxurious features will find them here—and for that reason, Thompson Flats receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Thompson Flats 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·7A 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.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Thompson Flats to provide reasonable accomodations and accurate details about its community.
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.

Thompson Flats is great for:

Wellness

  • Ample windows and natural lighting
  • HVAC systems available onsite
  • 18 health/wellness centers nearby
  • 85 parks nearby

Work-from-home

  • High speed internet is an amenity
  • Large windows for natural lighting
  • 8 office supply stores within 1 mile
  • 12 coworking spaces or cafes within 1 mile

Social life

  • Areas nearby are accessible by walking
  • 386 restaurants within 1 mile of this property
  • 158 museums, art galleries, or cultural centers within 1 mile
  • 74 local event hubs within 1 mile

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 Thompson Flats compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
Dishwasher
Dishwasher available in kitchen
Fireplace
Upgraded in-unit features

Considerations

Greater distance from high schools
The nearest high school is farther than 0.4 mile away
Greater distance from grade schools
The nearest elementary school is farther than 0.4 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Loring Park

studio apartments at Thompson Flats cost about 11% more than the average rent price for studio apartments in Loring Park.

Median rents as of Jun 13 2026.
Loring Park
Minneapolis
A table of studio rental data trends in Minneapolis
MonthMedian Rent
June 2024$1,032
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$1,036
A table of studio rental data trends in Loring Park
MonthMedian Rent
June 2024$860
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

Affordability calculator

Can I afford to live at 1605 Hennepin Ave?

Bedrooms

Studio

Rent-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

$39,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this studio monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.

Schools near Thompson Flats

River Bend Educational Center

1510 glenwood ave s

minneapolis, MN, 55405

K-12Public

Justice Alan Page Elementary School

999 nofound st

nofoundcity, MN, 88888

PK, K-5Public

Kenwood Elementary School

2013 penn ave s

minneapolis, MN, 55405

K-5Public
B

MPS Online K-5

1250 west broadway ave

minneapolis, MN, 55411

K-5Public
C+

MPS Metro HA

932 e. 34th st.

minneapolis, MN, 55407

K-12Public
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Internet available near Thompson Flats

Getting around Minneapolis near 1605 Hennepin Ave

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

8/10
Popular public transit options are just a short walk from this location.

Points of interest for 1605 Hennepin Ave, Minneapolis

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

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

Cafes

7/10
Variety of cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

9/10
Large amount of park space nearby

Nightlife

7/10
Variety of bars within walking distance

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