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Updated 4 hours ago

Lago Apartments

VERIFIED

500 W Lake St Minneapolis, MN

4.6 5 reviews
1 - 2 Bed
•
1 Bath

507 - 858 Sq. Ft.

Available starting Aug. 8th
Floor plans
Studio • 1 Bath
$1,175
485 ft2
0 Available
Unit 220
$1,175
Rented
View
Studio • 1 Bath
$999 - $1,105
393 ft2
0 Available
Unit 329
$1,090
Rented
View
Unit 327
$1,090
Rented
View
Unit 629
$1,105
Rented
View
Unit 427
$1,095
Rented
View
Unit 727
$999
Rented
View
Unit 529
$999
Rented
View
Unit 527
$999
Rented
View
Unit 729
$999
Rented
View
Unit 227
$999
Rented
View
229-HC
$1,099
Rented
View
Studio • 1 Bath
$999 - $1,095
392 ft2
0 Available
Unit 603
$1,095
Rented
View
Unit 503
$1,065
Rented
View
Unit 703
$999
Rented
View
Unit 303
$999
Rented
View
Unit 203
$999
Rented
View
Unit 403
$999
Rented
View
Studio • 1 Bath
$1,258
462 ft2
0 Available
Unit 215
$1,258
Rented
View
1 Bed • 1 Bath
$1,249
507 ft2
1 Available
Unit 328
$1,249
Available Sep 5th, 2025
View
View Rented Units
1 Bed • 1 Bath
$1,675
678 ft2
1 Available
Unit 103
$1,675
Available Sep 8th, 2025
View
View More
2 Beds • 1 Bath
$1,603
858 ft2
2 Available
Unit 310
$1,603
Available Aug 8th, 2025
View
Unit 610
$1,603
Available Sep 8th, 2025
View
View Rented Units
2 Beds • 1 Bath
$1,603 - $1,890
785 ft2
3 Available
Unit 631
$1,820
Available Aug 8th, 2025
View
Unit 330
$1,603
Available Sep 8th, 2025
View
Unit 530
$1,890
Available Sep 8th, 2025
View
View Rented Units
View More
Where you'll live
Street View
Map View
Satellite View
Lago Apartments
Lago Apartments
Lago Apartments
Location ratings
Walk Score®
93
Walker's Paradise
Transit Score®
60
Good Transit
Bike Score®
98
Biker's Paradise
Amenities
Fitness Center
Storage
On Bus Line
Quartz Countertops
Quartz Countertops
Professional On-site Management
Stainless Appliances
Rec Room
Sun Deck
Near Grocery Store
Business Center
Package Receiving
Elevator
Cable-ready
Living Room
Balcony, Deck, Patio
Dishwasher
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Pet Deposit: $200.00
Pet Fee: $200.00
Pet Rent: $25.00
Number Limit:

2 pets maximum

Breed Restrictions:

Breed restrictions apply

Parking
Covered Parking
Off-street Parking
Lease & Fees
Lease Length:

12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24

Application Fee:

$50

Other:

$4.00 utility service fee

Property details
Description

Set in a prime location, the Lago is surrounded by multiple vibrant and colorful neighborhoods. Explore local boutiques and shops in trendy Uptown; go on a dumpling crawl and taste your way through Whittiers ethnically-diverse Eat Street; or, get together with friends for an unforgettable night at LynLakes famous Bryant Lake Bowl.

Additional Details
Income Restrictions: We generally require 2x the rent in verifiable income.
Total Unit Count: 132
Last Updated: Updated 4 hours ago
Contact Number: (612) 441-3739
Property manager information
Halverson and Blaiser Group, LTD
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Office Hours
Monday: 9:00 AM - 5:00 PM
Tuesday: 9:00 AM - 5:00 PM
Wednesday: 9:00 AM - 5:00 PM
Thursday: 9:00 AM - 5:00 PM
Friday: 9:00 AM - 5:00 PM
Saturday: 10:00 AM - 4:00 PM
Contact Lago Apartments
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Reviews
Lago Apartments
4.6
5 reviews
Hella
June 12, 2022
-Takes two weeks for any trash to be thrown out. -Ghetto people are moving in therefore their activities are coming with them. -Someones Blood...
Read More
Louie
December 02, 2021
Construction is well underway on these new apartments on Lake Street in Uptown, Minneapolis. Opening April 2022, but the leasing office is right next door and just opened.
Julie
November 20, 2021
Looking at the variety of floor plans, the amenities, and the location on The Lago Apartments website. These apartments won't disappoint! Looking forward to...
Read More
Tony
November 15, 2021
New apartment homes in Uptown!! Great location, great in unit amenities!
Amanda
November 03, 2021
New apartments set to open soon in a great location! Just steps away from public transportation, bars, restaurants and more!
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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 Lago Apartments by bedroom type below.
1 Bedroom
Suggested income:
$52,600
per year
2 Bedroom
Suggested income:
$61,300
per year
Rent report

Lago Apartments Rent vs. Minneapolis Average

 Lago Apartments      Minneapolis Average
1BR
$1,462
$1,345
$0
$500
$1,000
$1,500
$2,000
2BR
$1,704
$1,970
$0
$650
$1,300
$1,950
$2,600

Lago Apartments is asking 9% more than the average 1 bedroom apartment in Minneapolis.

If you upsized to an average priced Minneapolis 2 bedroom apartment, you would pay 32% more per month.

If you downsized to an average priced Minneapolis studio apartment, you would pay 22% less per month.

Lago Apartments provides 9% less square footage than the average Minneapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lago Apartments
1BR $1,462 $2.50 $4,386
2BR $1,704 $2.10 $5,111
Minneapolis Average
Studio $1,103 $2.50 $3,310
1BR $1,345 $2.10 $4,034
2BR $1,970 $2.00 $5,909
3BR $2,246 $1.90 $6,738
4BR $2,453 $1.80 $7,360

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 1,905 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% 3%
Available Units in Minneapolis
Studio 781
1BR 1,905
2BR 1,136
3BR 259
4BR 111
Location
Nearby Colleges

Minneapolis Community and Technical College

Capella University

Augsburg College

Walden University

University of Minnesota - Twin Cities

Campus Buildings and Attractions
Distance Walking Biking Driving
Loring Park 1.8 mi 34 min 13 min 4 min
Whitney Fine Arts Theatre 1.9 mi 37 min 12 min 4 min
Helland Center 1.9 mi 37 min 13 min 4 min
Management Education Center 2.0 mi 39 min 12 min 4 min
Nearby Hospitals
Name Distance
Abbott Northwestern Hospital 1.25 mi.
Childrens Hosp & Clinics Minne 1.29 mi.
Phillips Eye Institute 1.3 mi.
Nearby Fire Stations
Name Distance
Lowry Fire Department 1.29 mi.
Metropolitan Airports Commission 1.61 mi.
Minneapolis Fire Department 1.61 mi.
FAQs
Is this property currently leasing units?
Yes. There are 7 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 08, 2025.
What's the square footage of the available units?
The available units range from 507 to 858 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 2 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 $1,603 to $1,820. Lago Apartments has 2 bedroom units available starting at $1,603.
Where is this property located?
This property is at 500 W Lake St in Minneapolis, MN. It's 2.6 miles southwest from the center of Minneapolis.
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