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 Bedrooms
  • $910Plus Fees
  • 400Square 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 apartments starting from $910 and having 400 sq ft. Here is the current pricing and availability:

    • Studio

      0BR/1.0BA

      $910

      Studio, 1 Bath, 400 sq ft
      Plus Fees
      Available Now

      Availability Details

      PriceAvailability DateUnitSq FtDepositPhotos
      $910Available Now310400$500

      Unit 310 Amenities and Features

      Features

      • High Speed Internet Access
      • Smoke Free

      Unique Features

      • heat

      Unit 310 Lease Information

      Unit Price

      • $910

      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

      • $910
    Price shown is base rent and may not include non-optional fees and utilities. 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) 370-9047 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. Use the calculator to add these fees to the base rent.

    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

    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

    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 at 242 West Franklin Ave currently start from $910. 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 Good Value3.6

      The 242 West Franklin Ave Apartments are 29.3% cheaper than the average apartment city-wide.

      Rent Comparison to the city of Minneapolis

      FloorplanLowest Price HereCity Average RentCost Difference%
      Studio$910$1,287-$377-29.3%

      Methodology: On 10/19/2025, ApartmentHomeLiving.com compared current rents by floorplan to 2375 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 10/19/2025

    • 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

    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 $1,287$640$4,533
    Minneapolis 1 Bedroom Apartments $1,544$500$5,800
    Minneapolis 2 Bedroom Apartments $2,168$469$10,000+
    Minneapolis 3 Bedroom Apartments $2,338$495$10,000+
    Minneapolis 4 Bedroom Apartments $1,890$479$5,341
    Minneapolis 5 Bedroom Apartments $3,482$2,200$4,050
    Minneapolis 6 Bedroom Apartments $3,723$850$4,795

    Browse Top Apartments in Minneapolis

    Viewing: 242 West Franklin Ave | Desktop Version | Listing Updated: 11/14/2025 | AHLGLD