242 West Franklin Ave Apartments

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242 W Franklin Ave, Minneapolis, MN 55404
(651) 370-9047
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242 West Franklin Ave

242 W Franklin Ave
Minneapolis, MN 55404
(651) 370-9047
242 West Franklin Ave in Minneapolis, MN - Building Photo
  • Studio–1 Bedrooms
  • $895-$1,015Total Monthly Price
  • 400–740Square 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. This community is professionally managed by Hornig Companies, Inc.

Property Contact Info

Floorplan Pricing and Availability

242 West Franklin Ave offers Studio to 1 Bedroom apartments starting from $895 and having 400–740 sq ft. Here is the current pricing and availability:

  • Studio

    0BR/1.0BA

    $895

    Studio, 1 Bath, 400 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq FtDepositPhotos
    $895Available Now310400$500

    Unit 310 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unique Features

    • heat

    Unit 310 Lease Information

    Unit Price

    • $895

    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 $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

    Model Rent and Fees

    Price

    • $895
  • 1 Bedroom

    1BR/1.0BA

    $1,015

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

    Availability Details

    PriceAvailability DateUnitSq FtDepositPhotos
    $1,015Available Now306740$500

    Unit 306 Amenities and Features

    Unique Features

    • heat

    Unit 306 Lease Information

    Unit Price

    • $1,015

    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 $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

    Model Rent and Fees

    Price

    • $1,015
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.

Schedule a Tour

Schedule a Tour
Call us at: (651) 370-9047 to schedule a tour.

Matterport 3D Tours

Property Information

Lease Terms

  • 6, 9, 12 mo

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Required Fees

One-Time Move-In Fees

Due at Application
Application Fee Per Applicant$50

Other Fees

Parking Fees

Covered

Parking Fee$50/mo

Additional Parking Options

Surface Lot

Features and Amenities

Interior Features

  • Windows
  • High Speed Internet Access
Google Map

Map

242 W Franklin Ave, Minneapolis, MN 55404

Hours and Contact Info

Call Us - 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

Getting Around

Walk Score®

90 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

61 / 100

Good Transit

Many nearby public transportation options

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, Minneapolis, MN

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

Studio to 1 Bedroom Apartments at 242 West Franklin Ave currently range from $895 to $1,015

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 Good Value3.6

    The 242 West Franklin Ave Apartments are 32.55% cheaper than the average apartment city-wide.

    Rent Comparison to the city of Minneapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$895$1,288-$393-30.5%
    1 Bedroom$1,015$1,552-$537-34.6%

    Methodology: On 10/01/2025, ApartmentHomeLiving.com compared current rents by floorplan to 5014 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 10/01/2025

  • Transit Friendly 3.6

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

Learn more about Lifestyle Search

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

Lunds & Byerlys

3945 W 50th St
8 minute drive / 4.17 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

Studio to 3 Bedroom Apartments from $692
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Studio to 4 Bedroom Apartments from $755
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Studio to 5 Bedroom Apartments from $692
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Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,288$640$2,499
Minneapolis 1 Bedroom Apartments $1,552$500$6,720
Minneapolis 2 Bedroom Apartments $2,181$469$10,000+
Minneapolis 3 Bedroom Apartments $2,513$495$10,000+
Minneapolis 4 Bedroom Apartments $2,482$535$8,049
Minneapolis 5 Bedroom Apartments $3,626$1,995$6,519
Minneapolis 6 Bedroom Apartments $4,251$850$5,600

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Viewing: 242 West Franklin Ave | Desktop Version | Listing Updated: 09/30/2025 | AHLGLD