Flats at Malcolm Yards Apartments

505 SE Malcolm Ave, Minneapolis, MN 55414

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Flats at Malcolm Yards in Minneapolis, MN - Building Photo
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Flats at Malcolm Yards in Minneapolis, MN - Building Photo - Building Photo
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Flats at Malcolm Yards in Minneapolis, MN - Building Photo - Interior Photo
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Flats at Malcolm Yards

505 SE Malcolm Ave
Minneapolis, MN 55414
Flats at Malcolm Yards in Minneapolis, MN - Building Photo
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Income Restrictions
  • 1–2 Bedrooms
  • 622–808Square Feet

About Flats at Malcolm Yards

The Flats are Prospect Park's newest income qualified apartments. Explore modern, pet-friendly, living spaces and functional amenity spaces designed to enhance your everyday. Amenities include a Sky Lounge, Fitness Center, Underground Heated Parking, Work-from-Home Stations, Common Area WIFI, and more.

Flats at Malcolm Yards is located in the Prospect Park Neighborhood and 55414 Zip code of Minneapolis, MN.

Unique Features and Amenities

  • Accessible apartments
  • Air Conditioner
  • Amazing Location
  • BBQ/Picnic Area
  • Carpeting
  • Coworking Space
  • Efficient Appliances
  • Electronic Thermostat
  • EV Charging Stations
  • extra storage
  • Free Amenity WiFi
  • Large Closets
  • Patio/Balcony
  • Pet Friendly (no breed or size restrictions)
  • Pet spa
  • Spanish Speaking Staff
  • Stainless Appliances
  • Storage Lockers and Bike Storage
  • U of M Transitway
  • View
  • Vinyl Plank Flooring
  • Wheelchair Access

See All Amenities

Property Contact Info

This property currently does not have availability listed on ApartmentHomeLiving.com. Sign up to get notified when it becomes available.Request Availability Alert

Floorplan Pricing and Availability

  • 1 Bedroom

    From $1,201

    1 Bedroom (511B350, 511B350A, 511B350H/L)

    1 Bed, 1 Bath, 622-645 sq ftAvailable Aug 5

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtPhotosView Details
    $1,201 August 5, 2025215622
    $1,201 September 5, 2025208622
    $1,201 October 5, 2025606645

    Unit 215 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,201

    Unit 208 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,201

    Unit 606 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,201

    $1,450

    1 Bedroom (511B460)

    1 Bed, 1 Bath, 660 sq ftLargest 1 BedroomThis is the largest 1 Bedroom at this PropertyAvailable Aug 5

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtPhotos
    $1,450 August 5, 2025500660

    Unit 500 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,450

    From $1,201

    1 Bedroom (511B150, 511B150H)

    1 Bed, 1 Bath, 622 sq ftAvailable Sep 5

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtPhotosView Details
    $1,201 September 5, 2025106622
    $1,201 September 5, 2025120622

    Unit 106 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,201

    Model Rent and Fees

    Price

    • $1,201

    From $1,450

    1 Bedroom (511B360, 511B360b)

    1 Bed, 1 Bath, 622 sq ftAvailable Sep 5

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtPhotosView Details
    $1,450 September 5, 2025624622
    $1,450 October 5, 2025504622
    $1,450 October 5, 2025609622

    Unit 624 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,450

    Unit 504 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,450

    Unit 609 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,450

  • 2 Bedrooms

    $1,735

    2 Bedroom (511C560b)

    2 Beds, 1 Bath, 808 sq ftAvailable Aug 10

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq FtPhotos
    $1,735 August 10, 2025617808

    Unit 617 Gallery

    Photos

    Model Rent and Fees

    Price

    • $1,735
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.

Property Information

  • 143 Units
  • 6 Stories
  • Built in 2023

Lease Terms

  • 12

Utilities Included

  • Trash Removal
  • Sewer
  • Water
  • Gas
  • Heat

Pet Policy - Cats and Dogs

  • 2 Pet Limit
  • $500 Deposit

Fee & Deposit Info

One-Time Fees

  • $50 Application Fee

Features and Amenities

Living Area Features

  • Walk In Closets

Income Restrictions At Flats at Malcolm Yards

Income restrictions apply to some or all residents. Contact the community for more information.

# Persons30% Income Limit 50% Income Limit 60% Income Limit
1$27,810$46,350$55,620
2$31,800$53,000$63,600
3$35,760$59,600$71,520
4$39,720$66,200$79,440
5$42,900$71,500$85,800
6$46,080$76,800$92,160
income restriction

To qualify, you must be equal to or below those in the chart, based on the number of persons living in the dwelling.

Map

505 SE Malcolm Ave, Minneapolis, MN 55414

Hours and Contact Info

Open Now
Currently Closed
By Appointment
Monday12:00 pm–5:00 pm
Tuesday9:00 am–5:00 pm
WednesdayClosed
Thursday9:00 am–5:00 pm
Friday9:00 am–12:00 pm
SaturdayClosed
SundayClosed

Getting Around

Walk Score®

79 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

91 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

60 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Renters Reviews and Ratings

4.9
3 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.

  • Cozy and Convenient!!!

    July 11, 2023
    I recently moved to Malcom flats in Minneapolis, and I must say it has been a fantastic experience. This apartment complex truly offers a cozy and convenient living environment that exceeded my expectations. First and foremost, the location is ideal. Situated in the heart of Minneapolis, the apartment is within close proximity to a variety of amenities, including restaurants, shops, and entertainment venues. Additionally, its convenient access to major transportation routes made commuting a ...
    breeze. Upon entering the apartment, I was greeted with a well-designed and comfortable living space. The floor plan was thoughtfully laid out, maximizing the available space without compromising on functionality. The interiors were modern and stylish, creating a pleasant atmosphere to come home to. The management and staff at 505 Malcolm St. SE were exceptional. They were always prompt and attentive in addressing any concerns or maintenance requests I had. The on-site maintenance team was efficient and friendly, ensuring that any issues were resolved quickly. One standout feature of this complex is the range of amenities provided. The fitness center was well-equipped and convenient, allowing residents to stay active without having to leave the premises. The communal areas, such as the lounge and outdoor spaces, were beautifully maintained and provided a welcoming environment to socialize In conclusion, my experience at 505 Malcolm St. SE was truly delightful. From its excellent location to the well-designed apartments and exceptional management, this complex offers a comfortable and convenient living experience. I highly recommend considering 505 Malcolm St. SE for anyone seeking a cozy and hassle-free lifestyle in Minneapolis.
    Read More
    Review from Apartments.com

  • Small apartments you can’t afford

    June 25, 2023
    The qualifications force you into an apartment that costs too much for your low income. It is ridiculous, the process is slow and communication is poor.
    Review from Apartments.com

  • Not as Advertised

    April 18, 2023
    They don't allow full-time students, and they certainly aren't low income if that's what you're looking for. They require at least 41,000 a year for you to even qualify.
    Review from Apartments.com

Nearby Schools

Pratt Elementary

Minneapolis Public School Dist.
66 Malcolm Avenue Southeast
Public School - Grades PK-5 (202 Students)
In Attendance Zone1 minute drive / 0.3 miles away
2/10

Sanford Middle

Minneapolis Public School Dist.
3524 42nd Avenue South
Public School - Grades 6-8 (738 Students)
In Attendance Zone5 minute drive / 2.4 miles away
4/10
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 Flats at Malcolm Yards.

Arts Museums and Landmarks

Guthrie Theater
818 South 2nd Street
4 minute drive / 2.32 miles away
Target Field
900 South 5th Street
5 minute drive / 2.41 miles away
Foshay Tower
821 Marquette Avenue South
6 minute drive / 3.04 miles away

Big Box and Retail

Costco
3311 Broadway St NE
4 minute drive / 2.14 miles away
Aldi
1311 E Franklin Ave
4 minute drive / 2.27 miles away
Target
1650 New Brighton Blvd
5 minute drive / 2.61 miles away

Colleges and Universities

University of Minnesota
100 Church Street SE
2 minute drive / 0.7 miles away
Augsburg College
2211 Riverside Ave
4 minute drive / 1.5 miles away
University of Minnesota - Saint Paul
2017 Buford Avenue
5 minute drive / 1.84 miles away

Groceries

Cub Foods
2850 S 26th Ave
5 minute drive / 1.79 miles away
Aldi
1311 E Franklin Ave
4 minute drive / 2.27 miles away

Hospitals

University Of Minnesota Medical Center, Fairview
2450 Riverside Avenue
4 minute drive / 1.4 miles away
Hennepin County Medical Center
701 Park Avenue
5 minute drive / 2.58 miles away
Children's Hospitals & Clinics Of Minnesota
2525 Chicago Avenue South
5 minute drive / 2.74 miles away

Military Bases

Fort Snelling Military Reservation
11 minute drive / 5.27 miles away

Parks and Recreation

Como Zoo
1225 Estabrook Drive
6 minute drive / 2.9 miles away
Powderhorn Park
3400 15th Ave. S
6 minute drive / 2.93 miles away
Loring Park
1382 Willow St.
7 minute drive / 3.52 miles away

Flats at Malcolm Yards has 5 parks within 4.6 miles, including Como Zoo, Powderhorn Park, Loring Park, The Grand Rounds, and Lake of the Isles.

Shopping Centers

Stadium Village
917-935 SE Washington Ave
2 minute drive / 0.77 miles away
Park Crossing
2233 Energy Park Dr
2 minute drive / 0.81 miles away
Milton Square
2232-2242 Carter Ave
3 minute drive / 1.06 miles away

Flats at Malcolm Yards has 5 shopping centers within 1.7 miles.

Transit Stations

Franklin Avenue Station-Hiawatha Line
1883 E Franklin Ave
5 minute drive / 1.88 miles away
38th Street Station-Hiawatha Line
3761 Hiawatha Ave
5 minute drive / 2.62 miles away
Government Plaza Station-Hiawatha Line
356 S 5th St
5 minute drive / 2.77 miles away

Nearby Neighborhoods

Prospect Park

Studio to 5 Bedroom Apartments from $580
View Rentals

Como

Studio to 6 Bedroom Apartments from $479
View Rentals

Cooper

Studio to 5 Bedroom Apartments from $540
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,367$640$8,705
Minneapolis 1 Bedroom Apartments $1,655$500$7,638
Minneapolis 2 Bedroom Apartments $2,276$479$10,000+
Minneapolis 3 Bedroom Apartments $2,577$495$10,000+
Minneapolis 4 Bedroom Apartments $2,624$495$9,710
Minneapolis 5 Bedroom Apartments $3,526$2,100$8,310

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Viewing: Flats at Malcolm Yards | Desktop Version | Listing Updated: 08/01/2025

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Viewing: Flats at Malcolm Yards | Desktop Version | Listing Updated: 08/01/2025