Your message has been sent! Thank you!

242 West Franklin Ave Apartments

Verified
This is a CoStar Verified® Listing

242 West Franklin Ave in Minneapolis, MN is verified by CoStar’s® proprietary screening and fraud detection process, so you can shop and rent with confidence on ApartmentHomeLiving.com. Always protect yourself when shopping online.

(651) 370-9103
Check Availability
242 W Franklin Ave, Minneapolis, MN 55404

Contact

242 West Franklin Ave

242 W Franklin Ave
Minneapolis, MN 55404
(651) 370-9103
242 West Franklin Ave in Minneapolis, MN - Building Photo
  • Studio–2 Bedrooms
  • $1,080-$1,480 Total Monthly Price

    Total Monthly Price

    Base Rent
    $925 - $1,325
    Required Monthly Fees
    $155

    Total Monthly Price
    $1,080 - $1,480
  • 400–900 Square Feet

About 242 West Franklin Ave

242 West Franklin Avenue 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 an ease with the help of elevators, carports and limited off-street parking. Card operated laundry available in the building. Mortimer’s Bar and Restaurant, The Lowry and Rinata Restaurant are within walking distance. The #2 bus line is conveniently located nearby.

242 West Franklin Ave is located in the Stevens Square Neighborhood and 55404 Zip code of Minneapolis, MN. This community is professionally managed by Hornig Companies, Inc.

Property Contact Info

Office Hours

Monday9:00 am–6:00 pm
Tuesday9:00 am–6:00 pm
Wednesday9:00 am–6:00 pm
Thursday9:00 am–6:00 pm
Friday9:00 am–5:00 pm
Saturday10:00 am–4:00 pm
SundayClosed

Floorplan Pricing and Availability

242 West Franklin Ave offers Studio to 2 Bedroom apartments starting from $1,080 and having 400–900 sq ft. Here is the current pricing and availability:

  • Studio

    0BR/1.0BA

    $1,080

    Studio, 1 Bath, 400 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $925
    Required Monthly Fees
    $155

    Total Monthly Price
    $1,080
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositPhotos
    $1,080Available Now310400$500
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 310 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unique Features

    • heat

    Unit 310 Lease Information

    Unit Price

    • $1,080Total Monthly Price
      Base Rent: $925
      Required Monthly Fees: $155

    Deposit

    • $500 deposit

    Unit Description

    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 $6.00 Trash $15.00 Minimum Liability Policy** $10.50 LLI Processing Fee** $4.50 Optional Monthly Charges: $50 Covered Carport if available Cat $25.00 6 Month Lease $75.00 9 Month Lease $50.00 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

    Model Lease Information

    Price

    • $1,080Total Monthly Price
  • 1 Bedroom

    1BR/1.0BA

    From $1,160

    1 Bed, 1 Bath, 740 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,005 - $1,025
    Required Monthly Fees
    $155

    Total Monthly Price
    $1,160 - $1,180
    Available Sep 1

    Availability Details

    PriceAvailability DateUnitSq FtDepositPhotosView Details
    $1,160 September 1, 2026204740$500
    $1,180 September 1, 2026304740$500
    $1,180 September 1, 2026305740$500
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • High Speed Internet Access
    • Windows

    Model Lease Information

    Model Price Range

    • $1,160 - $1,180Total Monthly Price
      Base Rent: $1,005 - $1,025
      Required Monthly Fees: $155

    Deposit

    • $500 deposit

    Unit 204 Lease Information

    Unit Price

    • $1,160Total Monthly Price
      Base Rent: $1,005
      Required Monthly Fees: $155

    Deposit

    • $500 deposit

    Unit Description

    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 $6.00 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 $75.00 9 Month Lease $50.00 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

    Model Lease Information

    Model Price Range

    • $1,160 - $1,180Total Monthly Price

    Unit 304 Amenities and Features

    Unique Features

    • Heat

    Unit 304 Lease Information

    Unit Price

    • $1,180Total Monthly Price
      Base Rent: $1,025
      Required Monthly Fees: $155

    Deposit

    • $500 deposit

    Unit Description

    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 $6.00 Trash $15.00 Minimum Liability Policy** $10.50 LLI Processing Fee** $4.50 Optional Monthly Charges: $50 Covered Carport if available Cat $25.00 6 Month Lease $75.00 9 Month Lease $50.00 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

    Model Lease Information

    Model Price Range

    • $1,160 - $1,180Total Monthly Price

    Unit 305 Lease Information

    Unit Price

    • $1,180Total Monthly Price
      Base Rent: $1,025
      Required Monthly Fees: $155

    Deposit

    • $500 deposit

    Unit Description

    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 $6.00 Trash $15.00 Minimum Liability Policy** $10.50 LLI Processing Fee** $4.50 Optional Monthly Charges: $50 Covered Carport if available Cat $25.00 6 Month Lease $75.00 9 Month Lease $50.00 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

    Model Lease Information

    Model Price Range

    • $1,160 - $1,180Total Monthly Price
  • 2 Bedrooms

    2BR/1.0BA

    $1,480

    2 Beds, 1 Bath, 900 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,325
    Required Monthly Fees
    $155

    Total Monthly Price
    $1,480
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositPhotos
    $1,480Available Now301900$500
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 301 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unit 301 Lease Information

    Unit Price

    • $1,480Total Monthly Price
      Base Rent: $1,325
      Required Monthly Fees: $155

    Deposit

    • $500 deposit

    Unit Description

    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 $6.00 Trash $15.00 Minimum Liability Policy** $10.50 LLI Processing Fee** $4.50 Optional Monthly Charges: $50 Covered Carport if available Cat $25.00 6 Month Lease $75.00 9 Month Lease $50.00 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

    Model Lease Information

    Price

    • $1,480Total Monthly Price
Price shown is total price based on community-supplied monthly required fees. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Request Tour
Call us at: (651) 370-9103 to request a tour.

3D Tours

Property Information

  • 34 Units
  • 3 Stories
  • Built in 1961

Lease Terms

  • 6, 9, 12 mo

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Required Fees

One-Time Basics

Due at Application
Application Fee Per ApplicantiCharged per applicant.$50.00
Due at Move-In
Security Deposit - RefundableiCharged per unit.$500.00

Utilities

Utility - Water/SeweriCharged per unit.Varies/mo
Liability InsuranceiCharged per unit.$15.00/mo
Trash Admin FeeiCharged per unit.$15.00/mo
6 month leaseiCharged per unit.$75.00/mo
9 Month LeaseiCharged per unit.$50.00/mo
12 Month LeaseiCharged per unit.$0.00/mo

Other Fees and Policies

Pet Fees

Cat
Pet DepositiMax of 2. Charged per Pet.$300.00
Pet FeeiMax of 2. Charged per Pet.$25.00/mo
Comments:

Max of 2.

Parking Fees

Covered
Parking FeeiCharged per vehicle.$50.00/mo

Additional Parking Options

Surface Lot

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

Interior Features

  • Windows
  • High Speed Internet Access
Google Map

Map

242 W Franklin Ave, Minneapolis, MN 55404

Getting Around

  • 90 / 100 Exceptionally walkable

    All day-to-day needs are within a few minutes' walk

  • 90 / 100 Exceptional public transit

    Near a wide variety of rapid transit and/or frequent bus lines

  • 60 / 100 Moderately bikeable

    Suitable for bicycle commuting and/or recreation

  • 60 / 100 Moderately car friendly

    Good access to freeways and/or major arteries, with a low chance of parking problems

Scores provided by Local Logic details

Getting to Know the Area

  • 90 / 100 Restaurants

    Exceptional variety of restaurants within a few minutes

  • 90 / 100 Cafes

    Exceptional variety of cafés within a few minutes

  • 90 / 100 Nightlife

    Exceptional variety of bars right within a few minutes

  • 80 / 100 Shopping

    Wide variety of shops within a few minutes

  • 70 / 100 Parks

    Large amount of park space nearby

  • 40 / 100 Noise Level

    Some sources of noise nearby

Scores provided by Local Logic

Frequently Asked Questions about 242 West Franklin Ave

Where is 242 West Franklin Ave located?

242 West Franklin Ave is located at 242 W Franklin Ave near the Stevens Square area of Minneapolis, MN

What is the current rent range at 242 West Franklin Ave?

Studio to 2 Bedroom Apartments at 242 West Franklin Ave currently range from $1,080 to $1,480

When is the leasing office open?

  • The office Hours for 242 West Franklin Ave are
  • Monday 9:00 am–6:00 pm
  • Tuesday 9:00 am–6:00 pm
  • Wednesday 9:00 am–6:00 pm
  • Thursday 9:00 am–6:00 pm
  • Friday 9:00 am–5:00 pm
  • Saturday 10:00 am–4:00 pm
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Lifestyle Ratings

  • Affordability Nice Value3.4

    The 242 West Franklin Ave Apartments are 1.5% more expensive than the average apartment in the Stevens Square area, and 27.1% cheaper than the average apartment city-wide.

    Rent Comparison to the Stevens Square Neighborhood

    FloorplanLowest Price Here*Neighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$1,080$916+$16417.9%
    1 Bedroom$1,160$1,238-$78-6.3%
    2 Bedroom$1,480$1,593-$113-7.1%
    Prices shown for this property are the Total Monthly Price including Fees.

    Rent Comparison to the city of Minneapolis

    FloorplanLowest Price Here*City Average RentCost Difference%
    Studio$1,080$1,324-$244-18.4%
    1 Bedroom$1,160$1,653-$493-29.8%
    2 Bedroom$1,480$2,212-$732-33.1%
    Prices shown for this property are the Total Monthly Price including Fees.

    Methodology: On 08/16/2026, ApartmentHomeLiving.com compared current rents by floorplan to 202 other apartment communities in the immediate area around 242 West Franklin Ave (Stevens Square), and 7335 other apartment communities in Minneapolis using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 08/16/2026

    * Price shown is Total Monthly Price including fees
  • Transit Friendly 3.4

    Transit Friendly apartments feature a fantastic location and great access to local mass transit.

Learn more about Lifestyle Search

Renters Reviews and Ratings

5.0
2 Renters Reviews

franklin avenue apartment

August 14, 2015 - Review from Apartments.com
Good location close to downtown. Close to bus and free off street parking. Clean and fresh apartments. Lots of places to eat and coffee shops are a close walk.

the franklin apartment

July 26, 2015 - Review from Apartments.com
clean and quiet with a nice layout. Close to downtown Minneapolis and freeways. Shopping steps away and places to eat.

Nearby Schools

Anwatin Middle Com & Spanish D I

Minneapolis Public School Dist.
256 Upton Avenue South
Public School - Grades 6-8 (334 Students)
In Attendance Zone5 minute drive / 1.8 miles away
1/10

North Academy Senior High

Minneapolis Public School Dist.
1500 James Avenue North
Public School - Grades 9-12 (487 Students)
In Attendance Zone4 minute drive / 2.3 miles away
3/10
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from 242 West Franklin Ave.

Arts Museums and Landmarks

Lake Harriet

Lake Harriet
1 minute drive / 0.29 miles away

Foshay Tower

821 Marquette Avenue South
3 minute drive / 1.11 miles away

Target Field

900 South 5th Street
4 minute drive / 1.35 miles away

Big Box and Retail

Aldi

1311 E Franklin Ave
3 minute drive / 1.22 miles away

Target

3601 Highway 100 S
7 minute drive / 3.62 miles away

Costco

5801 W 16th St
7 minute drive / 3.65 miles away

Colleges and Universities

Minneapolis Community and Technical College

1501 Hennipen Avenue
2 minute drive / 0.9 miles away

University of St. Thomas - Minneapolis Campus

1000 Lasalle Ave
2 minute drive / 0.98 miles away

North Central University

910 Elliot Avenue
3 minute drive / 1.05 miles away

Groceries

Aldi

1311 E Franklin Ave
3 minute drive / 1.22 miles away

Cub Foods

2850 S 26th Ave
4 minute drive / 2.24 miles away

Hospitals

Children's Hospitals & Clinics Of Minnesota

2525 Chicago Avenue South
2 minute drive / 0.89 miles away

Abbott Northwestern Hospital

800 East 28th Street
3 minute drive / 1.03 miles away

Hennepin County Medical Center

701 Park Avenue
3 minute drive / 1.23 miles away

Military Bases

Fort Snelling Military Reservation

12 minute drive / 5.92 miles away

Parks and Recreation

Loring Park

1382 Willow St.
1 minute drive / 0.65 miles away

Lake of the Isles

2500 Lake Isles Pkwy. E
3 minute drive / 1.13 miles away

Powderhorn Park

3400 15th Ave. S
5 minute drive / 1.82 miles away

242 West Franklin Ave has 5 parks within 2.8 miles, including Loring Park, Lake of the Isles, Powderhorn Park, Cedar Lake, and The Grand Rounds.

Shopping Centers

Village Center

1804-1816 Nicollet Ave
1 minute drive / 0.36 miles away

Kenwood Crossing

2212-2232 Hennepin Ave
2 minute drive / 0.67 miles away

Chicago Crossing

1910-1930 Chicago Ave
2 minute drive / 0.85 miles away

242 West Franklin Ave has 5 shopping centers within 0.9 miles.

Transit Stations

Government Plaza Station-Hiawatha Line

356 S 5th St
4 minute drive / 1.35 miles away

Nicollet Mall Station-Hiawatha Line

75 S 5th St
4 minute drive / 1.37 miles away

Target Field Station-Hiawatha Line

4 minute drive / 1.57 miles away

Nearby Neighborhoods

Stevens Square

Studio to 3 Bedroom Apartments from $750
View Rentals

Whittier

Studio to 4 Bedroom Apartments from $1,095
View Rentals

Lowry Hill East

Studio to 6 Bedroom Apartments from $1,265
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,324$635$2,584
Minneapolis 1 Bedroom Apartments $1,653$500$6,639
Minneapolis 2 Bedroom Apartments $2,212$280$10,000+
Minneapolis 3 Bedroom Apartments $2,576$739$10,000+
Minneapolis 4 Bedroom Apartments $2,415$649$7,599
Minneapolis 5 Bedroom Apartments $3,127$650$6,698

Browse Top Apartments in Minneapolis

Viewing: 242 West Franklin Ave | Desktop Version | Listing Updated: 08/14/2026 | AHLGLD