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728 East 16th Street offers an exceptional living experience with a Zumper expert rating of 9.2, reflecting its high quality and amenities. The property features modern conveniences such as a dishwasher, on-site laundry, and large windows, while its prime location provides easy access to a wealth of recreational options, dining venues, and work-from-home resources. Priced competitively with a value rating of 10, it represents an excellent balance of cost and quality in the New Town area.
Things you’ll love
Middle school nearbyLess expensiveGreat for
Work-from-home
Social life
Wellness| 1BR/1.0BA | 1 bed | 1 bath | 593 sqft | $950 /mo | 1 unit available | Our spacious apartment features an open floor plan with soaring 9-foot ceilings, offering a bright and modern atmosphere. Enjoy the best of both comfort and style with luxury vinyl flooring, plush carpeting, and sleek modern finishes throughout. Convenient on-site laundry adds to the ease of living. Located in a newly renovated historic building in downtown Minneapolis, this apartment offers updated appliances and dishwashers in select units, walk-in closets in select units, and updated flooring. The spacious living area features plenty of storage and large windows that flood the space with natural light. Renters insurance and proof of utility transfer are required before move-in. This is a no-smoking building. Just minutes from top attractions and with easy access to major highways, this is the perfect spot for those seeking convenience and modern living. Make this beautiful space your new home today! Market Rent: $950/Month Gas & Trash: $85/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $950 - Security Deposit $125 - Move-In Admin Fee $50 - Pet Rent, if applicable $450 - Pet Fee, if applicable $50 - Parking Spot, if applicable Deposit is equal to one month's rent. Application requires a nonrefundable $50 fee. It is a smoke-fee community. Renters insurance and proof of utility transfer are required before move in. Application link can be found here: mnapts. com vacancies Equal Housing Opportunity. | |
| 3BR/1.0BA | 3 bed | 1 bath | 1,000 sqft | $1,300 /mo | 1 unit available | Our spacious apartment features an open floor plan with soaring 9-foot ceilings, offering a bright and modern atmosphere. Enjoy the best of both comfort and style with luxury vinyl flooring, plush carpeting, and sleek modern finishes throughout. Convenient on-site laundry adds to the ease of living. Located in a newly renovated historic building in downtown Minneapolis, this apartment offers updated appliances and dishwashers in select units, walk-in closets in select units, and updated flooring. The spacious living area features plenty of storage and large windows that flood the space with natural light. Just minutes from top attractions and with easy access to major highways, this is the perfect spot for those seeking convenience and modern living. Make this beautiful space your new home today! Market Rent: $1,300/Month Gas, Trash, Hot Water: $110/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Deposit is equal to one month's rent. Application requires a nonrefundable $50 fee and can be found here: www mnapts com vacancies |
Let's explore this property.
Apartment Amenities
| Carpet | Gas |
| High Ceilings | New Carpet |
| Newly Renovated | Trash |
Appliances
| New Appliances |
Building
| Key Fob Entry | Onsite Laundry |
Other
| Online Rent Payment | Shared In-building Laundry |
One-time.
One-time. Refundable.
No pets allowed.
Questions about this property’s policies and fees?
| Units | 12 |
|---|
Our spacious apartment features an open floor plan with soaring 9-foot ceilings, offering a bright and modern atmosphere. Enjoy the best of both comfort and style with luxury vinyl flooring, plush carpeting, and sleek modern finishes throughout. Convenient on-site laundry adds to the ease of living. Located in a newly renovated historic building in downtown Minneapolis, this apartment offers updated appliances and dishwashers in select units, walk-in closets in select units, and updated flooring. The spacious living area features plenty of storage and large windows that flood the space with natural light. Renters insurance and proof of utility transfer are required before move-in. This is a no-smoking building. Just minutes from top attractions and with easy access to major highways, this is the perfect spot for those seeking convenience and modern living. Make this beautiful space your new home today! Market Rent: $950/Month Gas & Trash: $85/month Electric: Tenant Paid Water: Tenant Paid Utility Admin Fee: $8/month Other Fees: $50 - Application Fee, per Adult $950 - Security Deposit $125 - Move-In Admin Fee $50 - Pet Rent, if applicable $450 - Pet Fee, if applicable $50 - Parking Spot, if applicable Deposit is equal to one month's rent. Application requires a nonrefundable $50 fee. It is a smoke-fee community. Renters insurance and proof of utility transfer are required before move in. Application link can be found here: mnapts. com vacancies Equal Housing Opportunity.
How 728 East 16th Street (New Town) compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 14% lower than 1-bedrooms in Elliot Park.
3-bedroom apartments at 728 East 16th Street (New Town) cost about 55% less than the average rent price for 3-bedroom apartments in Elliot Park.
| Month | Median Rent |
|---|---|
| March 2024 | $1,037 |
| 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 |
| December 2025 | $1,098 |
| January 2026 | $1,079 |
| February 2026 | $1,088 |
| March 2026 | $1,089 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,022 |
| April 2024 | $827 |
| May 2024 | $716 |
| June 2024 | $838 |
| July 2024 | $741 |
| August 2024 | $815 |
| September 2024 | $736 |
| October 2024 | $715 |
| November 2024 | $714 |
| December 2024 | $812 |
| January 2025 | $794 |
| February 2025 | $719 |
| March 2025 | $718 |
| April 2025 | $765 |
| May 2025 | $762 |
| June 2025 | $861 |
| July 2025 | $844 |
| August 2025 | $907 |
| September 2025 | $844 |
| October 2025 | $844 |
| November 2025 | $840 |
| December 2025 | $913 |
| January 2026 | $885 |
| February 2026 | $890 |
| March 2026 | $888 |
Can I afford to live at 728 E 16th St?
Bedrooms
Rent-to-income ratio
30%
$38,000/yr
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Loring Park • 1254 Hennepin Avenue
Studio–1 Bed
$1,095–$1,450
Columbia Heights • 1230 Cheri Lane Northeast
1–2 Beds
$1,175–$1,475
Merriam Park East • 455 Snelling Ave N
Studio–1 Bed
$1,095–$1,715
Oak Hill • 7400 Oak Park Village Dr
1–2 Beds
$1,440–$1,740
CARAG • 3535 Bryant Ave S
Studio–1 Bed
$1,110–$1,445
Highland • 845 Cleveland Avenue South
1 Bed
$1,199–$1,450
