242 West Franklin Ave Apartments

242 W Franklin Ave, Minneapolis, MN 55404

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242 West Franklin Ave

242 W Franklin Ave
Minneapolis, MN 55404
242 West Franklin Ave in Minneapolis, MN - Building Photo
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  • Studio–3 Bedrooms
  • 400–1,100Square 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 55404 Zip code of Minneapolis, MN.

Property Contact Info

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Floorplan Pricing and Availability

  • Studio

    0BR/1.0BA

    Studio, 1 Bath, 400 sq ft
     

    Availability Details

    Availability DateUnitSq FtDeposit
    Unavailable0BR/1.0BA400 sq ft$500

    Model Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free
  • 1 Bedroom

    1BR/1.0BA

    1 Bed, 1 Bath, 740 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable1BR/1.0BA740 sq ft
  • 2 Bedrooms

    2BR/1.0BA

    2 Beds, 1 Bath, 900 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable2BR/1.0BA900 sq ft
  • 3 Bedrooms

    3BR/1.0BA

    3 Beds, 1 Bath, 1100 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable3BR/1.0BA1100 sq ft
Price shown is total price including community-supplied monthly required fees. Price, availability, fees, and any applicable rent special are subject to change without notice.

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 Fees

Due at Application
Application Fee Per ApplicantiCharged per applicant$50
Due at Move-In
Security Deposit - RefundableiCharged per unit$500

Utilities & Essentials

Utility - Water/SeweriCharged per unitVaries/mo
Liability InsuranceiCharged per unit$15/mo
Trash Admin FeeiCharged per unit$15/mo
6 month leaseiCharged per unit$75/mo
9 Month LeaseiCharged per unit$50/mo
12 Month LeaseiCharged per unit$0/mo

Other Fees

Pet Fees

Cat

Pet DepositiCharged per Pet$300
Pet FeeiCharged per Pet$25/mo

Parking Fees

Covered

Parking FeeiCharged per vehicle$50/mo

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.

Map

242 W Franklin Ave, Minneapolis, MN 55404

Hours and Contact Info

Open Now
Currently Closed
By Appointment
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

Renters Reviews and Ratings

4.0
2 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
  • franklin avenue apartment

    August 14, 2015
    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.
    Review from Apartments.com
  • the franklin apartment

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

Nearby Schools

Anwatin Middle Com & Spanish D I

Minneapolis Public School Dist.
256 Upton Avenue South
Public School - Grades 6-8 (320 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

Kenwood Elementary

Minneapolis Public School Dist.
2013 Penn Avenue South
Public School - Grades K-5 (381 Students)
In Attendance Zone3 minute drive / 1.2 miles away
6/10
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

Autozone

2940 Clinton Ave
2 minute drive / 0.88 miles away

Aldi

1311 E Franklin Ave
3 minute drive / 1.22 miles away

Target

3601 Highway 100 S
7 minute drive / 3.62 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

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Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,308$640$2,276
Minneapolis 1 Bedroom Apartments $1,578$500$8,259
Minneapolis 2 Bedroom Apartments $2,132$469$10,000+
Minneapolis 3 Bedroom Apartments $2,337$495$9,861
Minneapolis 4 Bedroom Apartments $2,182$535$10,000+
Minneapolis 5 Bedroom Apartments $3,226$2,000$4,287

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Viewing: 242 West Franklin Ave | Desktop Version | Listing Updated: 01/12/2026

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Viewing: 242 West Franklin Ave | Desktop Version | Listing Updated: 01/12/2026