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242 West Franklin Ave Apartments

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

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242 West Franklin Ave

242 W Franklin Ave
Minneapolis, MN 55404
(651) 370-9103
242 West Franklin Ave in Minneapolis, MN - Building Photo
  • Studio Bedrooms
  • $910-$925 Total Monthly Price

    Total Monthly Price

    Base Rent
    $755 - $770
    Required Monthly Fees
    $155

    Total Monthly Price
    $910 - $925
  • 400 Square Feet

About 242 West Franklin Ave

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 apartments starting from $1,065 and having 400 sq ft. Here is the current pricing and availability:

    • Studio

      0BR/1.0BA

      From $1,065

      Studio, 1 Bath, 400 sq ft
      Total Monthly Price

      Total Monthly Price

      Base Rent
      $910 - $925
      Required Monthly Fees
      $155

      Total Monthly Price
      $1,065 - $1,080
      Available Now

      Availability Details

      PriceAvailability DateUnitSq FtDepositPhotosView Details
      $1,065Available Now407400$500
      $1,080Available Now310400$500
      Prices shown for this property are the Total Monthly Price including Fees.

      Model Amenities and Features

      Features

      • High Speed Internet Access
      • Smoke Free

      Model Lease Information

      Model Price Range

      • $1,065 - $1,080Total Monthly Price
        Base Rent: $910 - $925
        Required Monthly Fees: $155

      Deposit

      • $500 deposit

      Unit 407 Amenities and Features

      Features

      • High Speed Internet Access
      • Smoke Free

      Unique Features

      • heat

      Unit 407 Lease Information

      Unit Price

      • $1,065Total Monthly Price
        Base Rent: $910
        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 an ease 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: 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

      • $1,065 - $1,080Total Monthly Price

      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

      Model Price Range

      • $1,065 - $1,080Total 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

    Schedule a Tour
    Call us at: (651) 370-9103 to schedule 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

    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 at 242 West Franklin Ave currently start from $1,065. Call today for more info!

    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 15.4% more expensive than the average apartment in the Stevens Square area, and 19.1% cheaper than the average apartment city-wide.

      Rent Comparison to the Stevens Square Neighborhood

      FloorplanLowest Price Here*Neighborhood Avg RentNbhd Avg RentCost Difference%
      Studio$1,065$923+$14215.4%
      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$1,065$1,317-$252-19.1%
      Prices shown for this property are the Total Monthly Price including Fees.

      Methodology: On 07/02/2026, ApartmentHomeLiving.com compared current rents by floorplan to 136 other apartment communities in the immediate area around 242 West Franklin Ave (Stevens Square), and 2370 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 07/02/2026

      * 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 (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
    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 2 Bedroom Apartments from $725
    View Rentals

    Whittier

    Studio to 4 Bedroom Apartments from $787
    View Rentals

    Lowry Hill East

    Studio to 6 Bedroom Apartments from $595
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Minneapolis Studio Apartments $1,317$595$2,662
    Minneapolis 1 Bedroom Apartments $1,650$500$9,041
    Minneapolis 2 Bedroom Apartments $2,198$280$10,000+
    Minneapolis 3 Bedroom Apartments $2,559$739$10,000+
    Minneapolis 4 Bedroom Apartments $2,377$649$9,950
    Minneapolis 5 Bedroom Apartments $3,439$2,100$8,749

    Browse Top Apartments in Minneapolis

    Viewing: 242 West Franklin Ave | Desktop Version | Listing Updated: 07/01/2026 | AHLGLD