1 Day Ago
Highlights
- Professionally managed
- Classic building
- No smoking
- Cozy living area
- Well-sized bedrooms
Location
729 E 16th St, Minneapolis, MN 55404, USA|Elliot Park
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Property Overview
The property at 729 East 16th Street receives a strong Zumper Expert Rating of 8 out of 10, emphasizing its appeal for renters due to excellent value, amenities, and an ideal location with a rating of 9 out of 10. It showcases notable features such as proximity to education options, numerous dining and cultural venues, and a high value per square foot. Additionally, the property’s transparency and detailed management contribute to its overall trustworthiness rating of 7 out of 10.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Middle school nearby
- Images Available
Floor plans
| 729 East 16th Street - 4 | 1 bed | 1 bath | 480 sqft | $1,155 /mo | Welcome home to 729 East 16th Street – Unit 4, Minneapolis, MN 55404 Step into a cozy and well-kept 1-bedroom, 1-bathroom apartment where comfort meets convenience. This unit is perfect for city living, with practical spaces that make everyday routines easy. Just a short walk to Elliot Park, local shops, restaurants, and transit options that connect you quickly to downtown Minneapolis. water/sewer/gas included in the rent! Section 8 Approved! No Smoking! Ask about our Rent Concessions! -Professionally Managed by Algo Realty Inc. *Beyond Backgrounds Financial Assurance May Be Required* | ||
| 729 East 16th Street - 2 | 1 bed | 1 bath | 1,050 sqft | $1,240 /mo | Welcome home to 729 East 16th Street – Unit 2, Minneapolis, MN 55404 This 1-bedroom, 1-bathroom apartment features approximately 1050 sq ft of inviting space within a classic low-rise building. The unit is thoughtfully maintained, creating a comfortable home that's easy to settle into. Located in the Elliot Park neighborhood, you'll enjoy nearby parks like Elliot Park and Peavey Park, along with local dining, shops, and everyday conveniences along Franklin Avenue and Chicago Avenue. Transit options and major routes are also nearby, making errands and travel simple. water/sewer/gas included in the rent! Section 8 Approved! No Smoking! Ask about our Rent Concessions! -Professionally Managed by Algo Realty Inc. *Beyond Backgrounds Financial Assurance May Be Required* | ||
| 729 East 16th Street - 3 | 1 bed | 1 bath | 1,050 sqft | $1,240 /mo | Welcome to 729 East 16th Street - 3, a charming and inviting home offering a warm and comfortable living experience. This thoughtfully designed unit features a cozy living area, a functional kitchen suited for daily living, and well-sized bedrooms ideal for rest and relaxation. Enjoy the convenience of being close to major roads, public transportation, and a variety of nearby shops and essential services. With its practical layout and accessible location, this home provides both comfort and ease of living. Ready for immediate move-in, this unit is an excellent opportunity for anyone looking for a simple, convenient, and welcoming place to call home. water/sewer/gas included in the rent! trash/recycling billed back to tenants Section 8 Approved! No Smoking! Ask about our Rent Concessions! -Professionally Managed by Algo Realty Inc. *Beyond Backgrounds Financial Assurance May Be Required* | ||
| 729 East 16th Street - 1 | 1 bed | 1 bath | 1,050 sqft | $1,240 /mo | Welcome home to 729 East 16th Street – Unit 1, Minneapolis, MN 55404 This 1-bedroom, 1-bathroom apartment offers approximately 1050 sq ft of inviting space within a classic low-rise building. The unit provides a comfortable setting that's easy to personalize and settle into from the start. Set in the Elliot Park neighborhood, you're just minutes from downtown Minneapolis, with nearby access to Elliot Park, Peavey Park, and everyday dining and shopping along Franklin Avenue and Chicago Avenue. Public transit and major roadways are conveniently close, making commuting simple. water/sewer/gas included in the rent! Section 8 Approved! No Smoking! Ask about our Rent Concessions! -Professionally Managed by Algo Realty Inc. *Beyond Backgrounds Financial Assurance May Be Required* | ||
| 729 East 16th Street - 11 | 1 bed | 1 bath | 1,050 sqft | $1,240 /mo | Welcome home to 729 East 16th Street – Unit 11, Minneapolis, MN 55404 This 1-bedroom, 1-bathroom apartment offers approximately 1050 sq ft of inviting space within a classic low-rise building. The unit provides a comfortable setting that's easy to personalize and settle into from the start. Set in the Elliot Park neighborhood, you're just minutes from downtown Minneapolis, with nearby access to Elliot Park, Peavey Park, and everyday dining and shopping along Franklin Avenue and Chicago Avenue. Public transit and major roadways are conveniently close, making commuting simple. water/sewer/gas included in the rent! Section 8 Approved! No Smoking! Ask about our Rent Concessions! -Professionally Managed by Algo Realty Inc. *Beyond Backgrounds Financial Assurance May Be Required* | ||
| 729 East 16th Street - 5 | 1 bed | 1 bath | 1,050 sqft | $1,240 /mo | Welcome home to 729 East 16th Street – Unit 5, Minneapolis, MN 55404 This 1-bedroom, 1-bathroom apartment offers approximately 1050 sq ft of inviting space within a classic low-rise building. The unit provides a comfortable setting that's easy to personalize and settle into from the start. Set in the Elliot Park neighborhood, you're just minutes from downtown Minneapolis, with nearby access to Elliot Park, Peavey Park, and everyday dining and shopping along Franklin Avenue and Chicago Avenue. Public transit and major roadways are conveniently close, making commuting simple. water/sewer/gas included in the rent! Section 8 Approved! No Smoking! Ask about our Rent Concessions! -Professionally Managed by Algo Realty Inc. *Beyond Backgrounds Financial Assurance May Be Required* | ||
| 729 East 16th Street - 8 | 1 bed | 1 bath | 1,050 sqft | $1,240 /mo | Welcome home to 729 East 16th Street – Unit 8, Minneapolis, MN 55404 This 1-bedroom, 1-bathroom apartment offers approximately 1050 sq ft of inviting space within a classic low-rise building. The unit provides a comfortable setting that's easy to personalize and settle into from the start. Set in the Elliot Park neighborhood, you're just minutes from downtown Minneapolis, with nearby access to Elliot Park, Peavey Park, and everyday dining and shopping along Franklin Avenue and Chicago Avenue. Public transit and major roadways are conveniently close, making commuting simple. water/sewer/gas included in the rent! Section 8 Approved! No Smoking! Ask about our Rent Concessions! -Professionally Managed by Algo Realty Inc. *Beyond Backgrounds Financial Assurance May Be Required* |
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Building details
Property details
| Units | 7 |
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About 729 East 16th Street
Welcome home to 729 East 16th Street – Unit 11, Minneapolis, MN 55404 This 1-bedroom, 1-bathroom apartment offers approximately 1050 sq ft of inviting space within a classic low-rise building. The unit provides a comfortable setting that's easy to personalize and settle into from the start. Set in the Elliot Park neighborhood, you're just minutes from downtown Minneapolis, with nearby access to Elliot Park, Peavey Park, and everyday dining and shopping along Franklin Avenue and Chicago Avenue. Public transit and major roadways are conveniently close, making commuting simple. water/sewer/gas included in the rent! Section 8 Approved! No Smoking! Ask about our Rent Concessions! -Professionally Managed by Algo Realty Inc. *Beyond Backgrounds Financial Assurance May Be Required*
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.
8.1
/10
Very GoodWith a solid 8.1 out of 10 overall, 729 East 16th Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 729 East 16th Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
729 East 16th Street 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·8A 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.
With multiple in-demand amenities, 729 East 16th Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
729 East 16th Street 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·6A 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 729 East 16th Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.
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 729 East 16th Street compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 125 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 1 mile away
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- No laundry facilities available
- This property doesn't offer on-site or in-unit washers and dryers
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Rent trends in Elliot Park
1-bedroom apartments here are priced 4% higher than 1-bedrooms in Elliot Park.
Median rents as of Mar 21 2026.
Elliot Park
Minneapolis
| Month | Median Rent |
|---|---|
| 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 | $1,080 |
| Month | Median Rent |
|---|---|
| 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 | $896 |
Affordability calculator
Can I afford to live at 729 E 16th St?
Bedrooms
1 bedroomRent-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
$49,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $49,600 annually to afford this 1-bedroom median monthly rent price of $1,240.
For more information on rent affordability, visit our rent calculator.
Schools near 729 East 16th Street
Justice Alan Page Elementary School
999 nofound st
nofoundcity, MN, 88888
PK, K-5Public
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
MPS Metro HA
932 e. 34th st.
minneapolis, MN, 55407
K-12Public
River Bend Educational Center
1510 glenwood ave s
minneapolis, MN, 55405
K-12Public
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Internet available near 729 East 16th Street
Getting around Minneapolis near 729 E 16th St
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 729 E 16th St, Minneapolis
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
7/10
Variety of cafés within walking distance
Restaurants
8/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-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
Variety of bars within walking distance
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