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Updated 6 hours ago

242 W Franklin Ave


Minneapolis, MN

Studio - 1 Bed
•
1 Bath

400 - 740 Sq. Ft.

Available starting Aug. 1st
Studio • 1 Bath
$875
400 ft2
1 Available
Managed By: Hornig Companies- D & J Franklin, LLC
Unit 310
$875
Available Aug 1st, 2025
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View Rented Units
1 Bed • 1 Bath
$999
740 ft2
1 Available
Managed By: Hornig Companies- D & J Franklin, LLC
Unit 409
$999
Available Sep 1st, 2025
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View Rented Units
View More
2 Beds • 1 Bath
$1,225 - $1,299
900 ft2
0 Available
Managed By: Hornig Companies- D & J Franklin, LLC
Unit 202
$1,255
Rented
View
Unit 402
$1,299
Rented
View
Unit 401
$1,225
Rented
View
Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
90
Walker's Paradise
Transit Score®
61
Good Transit
Bike Score®
87
Very Bikeable
Amenities
On-site Laundry
Storage
Disability Access
Refrigerator
Garbage Disposal
Trash Removal Included
Range / Oven
Microwave
High-speed Internet
Smoke-free Community
Elevator
Fees & leasing info
Pets
Cats Ok
Parking
Garage - Attached
Lease & Fees
Security Deposit:

0 - 500

Property details
Description

Great location - rarely available studio in elevator building! - Sits between downtown and uptown Minneapolis near lovely Stevens Square Park. Spacious apartments with large windows can be enjoyed by you and your cat (s) (2 cats allowed). Moving in will be a breeze with the help of elevators, carports and limited off street parking. Many restaurants and stores within walking distance. The #2 bus line is right across the street.
Fixed Monthly Charges:
Electric paid to provider
Rubs water/sewer variable*
RUBS Processing Fee $4.50
Trash $15.00
Minimum Liability Policy** $10.50
LLI Processing Fee** $4.50
Optional Monthly Charges:
Carport Parking: $50 Based on availability,
Cat $25.00
6 month lease $50.00
9 month Lease $25.00
Storage site specific
*See utility addendum for full disclosure
**Liability insurance fees are waived for renters that provide the Declarations Page of their own Renter's Insurance Policy

Additional Details
Total Unit Count: 34
Last Updated: Updated 6 hours ago
Contact Number: (612) 361-6717
Photos Floor Plans Amenities
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 242 W Franklin Ave by bedroom type below.
Studio
Suggested income:
$31,500
per year
1 Bedroom
Suggested income:
$36,000
per year
Rent report

242 W Franklin Ave Rent vs. Minneapolis Average

 242 W Franklin Ave      Minneapolis Average
Studio
$875
$1,099
$0
$400
$800
$1,200
$1,600
1BR
$999
$1,357
$0
$450
$900
$1,350
$1,800

242 W Franklin Ave is asking 20% less than the average studio apartment in Minneapolis.

If you upsized to an average priced Minneapolis 1 bedroom apartment, you would pay 19% more per month.

242 W Franklin Ave provides 9% less square footage than the average Minneapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
242 W Franklin Ave
Studio $875 $2.20 $2,625
1BR $999 $1.40 $2,997
Minneapolis Average
Studio $1,099 $2.50 $3,297
1BR $1,357 $2.10 $4,072
2BR $1,965 $2.00 $5,896
3BR $2,187 $1.70 $6,560
4BR $2,482 $1.80 $7,445

Availability in Minneapolis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,849 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
18% 45% 27% 6% 2%
Available Units in Minneapolis
Studio 750
1BR 1,849
2BR 1,117
3BR 248
4BR 101
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Loring Park 0.9 mi 16 min 8 min 2 min
Whitney Fine Arts Theatre 0.9 mi 17 min 6 min 2 min
Helland Center 0.9 mi 18 min 7 min 2 min
Management Education Center 1.1 mi 21 min 7 min 3 min
Ackerberg Science Center 1.1 mi 22 min 7 min 3 min
Nearby Hospitals
Name Distance
Phillips Eye Institute 0.94 mi.
Childrens Hosp & Clinics Minne 1.11 mi.
Hennepin County Medical CTR 1.19 mi.
Nearby Fire Stations
Name Distance
Lowry Fire Department 0.38 mi.
Metropolitan Airports Commission 0.64 mi.
Minneapolis Fire Department 0.64 mi.
FAQs
Is this property currently leasing units?
Yes. There are 2 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 2 units available for move-in over the next 2 months. The soonest move-in date is August 01, 2025.
What's the square footage of the available units?
The available units range from 400 to 740 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats.
How many bedrooms are in the available units?
There are studio and 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $875 to $999. 242 W Franklin Ave has studio units available starting at $875 and 1 bedroom units available starting at $999.
Where is this property located?
This property is at 242 W Franklin Ave in Minneapolis, MN. It's 1.6 miles southwest from the center of Minneapolis.
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