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Flats at Malcolm Yards
505 SE Malcolm Ave
Minneapolis, MN 55414
Minneapolis, MN 55414
- 1–2 Bedrooms
- 622–886Square 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
Property Contact Info
This property currently does not have availability listed on ApartmentHomeLiving.com. Sign up to get notified when it becomes available.
Floorplan Pricing and Availability
New! Interactive Property Map
ApartmentHomeLiving.com's new Interactive Property Map allows you to see where every available unit is located at this community.Try It Now >1 Bedroom
From $1,128
1 Bedroom (511B350, 511B350A, 511B350H/L)
1 Bed, 1 Bath, 622 sq ftAvailable Jul 5Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Photos View Details $1,128 July 5, 2025 507 622 $1,128 July 5, 2025 611 622 $1,128 July 5, 2025 615 622 Unit 507 Gallery
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Price
- $1,128
Unit 611 Gallery
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- $1,128
Unit 615 Gallery
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- $1,128
Apartment Model: 1 Bedroom (511B350, 511B350A, 511B350H/L)1 Bedroom, 1 Bath, 622 sq ftAvailable July 5, 2025![]()
1 Bedroom (511B350, 511B350A, 511B350H/L) - Floorplan 1 ![]()
1 Bedroom (511B350, 511B350A, 511B350H/L) - Floorplan 2 Apartment Unit: 507Apartment Model: 1 Bedroom (511B350, 511B350A, 511B350H/L)1 Bedroom, 1 Bath, 622 sq ftAvailable July 5, 2025![]()
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Unit: 507 - Image 9 Apartment Unit: 611Apartment Model: 1 Bedroom (511B350, 511B350A, 511B350H/L)1 Bedroom, 1 Bath, 622 sq ftAvailable July 5, 2025![]()
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Unit: 611 - Image 9 Apartment Unit: 615Apartment Model: 1 Bedroom (511B350, 511B350A, 511B350H/L)1 Bedroom, 1 Bath, 622 sq ftAvailable July 5, 2025![]()
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Unit: 615 - Image 9 From $1,361
1 Bedroom (511B360, 511B360b)
1 Bed, 1 Bath, 622 sq ftAvailable Aug 5Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Photos View Details $1,361 August 5, 2025 424 622 $1,361 August 5, 2025 508 622 Unit 424 Gallery
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- $1,361
Unit 508 Gallery
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Price
- $1,361
Apartment Model: 1 Bedroom (511B360, 511B360b)1 Bedroom, 1 Bath, 622 sq ftAvailable August 5, 2025![]()
1 Bedroom (511B360, 511B360b) - Floorplan 1 Apartment Unit: 424Apartment Model: 1 Bedroom (511B360, 511B360b)1 Bedroom, 1 Bath, 622 sq ftAvailable August 5, 2025![]()
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Unit: 424 - Image 9 Apartment Unit: 508Apartment Model: 1 Bedroom (511B360, 511B360b)1 Bedroom, 1 Bath, 622 sq ftAvailable August 5, 2025![]()
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Unit: 508 - Image 9 2 Bedrooms
$1,629
2 Bedroom (511C560b)
2 Beds, 1 Bath, 808 sq ftAvailable Jul 5Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Photos $1,629 July 5, 2025 317 808 Unit 317 Gallery
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Price
- $1,629
Apartment Model: 2 Bedroom (511C560b)2 Bedroom, 1 Bath, 808 sq ftAvailable July 5, 2025![]()
2 Bedroom (511C560b) - Floorplan 1 Apartment Unit: 317Apartment Model: 2 Bedroom (511C560b)2 Bedroom, 1 Bath, 808 sq ftAvailable July 5, 2025![]()
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Unit: 317 - Image 9 $1,542
2 Bedroom (511C460, 511C460b)
2 Beds, 1 Bath, 886 sq ftAvailable Aug 5Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft Photos $1,542 August 5, 2025 503 886 Unit 503 Gallery
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Model Rent and Fees
Price
- $1,542
Apartment Model: 2 Bedroom (511C460, 511C460b)2 Bedroom, 1 Bath, 886 sq ftAvailable August 5, 2025![]()
2 Bedroom (511C460, 511C460b) - Floorplan 1 Apartment Unit: 503Apartment Model: 2 Bedroom (511C460, 511C460b)2 Bedroom, 1 Bath, 886 sq ftAvailable August 5, 2025![]()
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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
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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.
| # Persons | 30% 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 |
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
- Shopping
- Colleges
- Grocery
- Medical
- Parks
- Transportation
- Nearby Properties
Map
Hours and Contact Info
Open Now
Currently Closed
By Appointment
| Monday | 12:00 pm–5:00 pm |
| Tuesday | 9:00 am–5:00 pm |
| Wednesday | Closed |
| Thursday | 9:00 am–5:00 pm |
| Friday | 9:00 am–12:00 pm |
| Saturday | Closed |
| Sunday | Closed |
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
Cozy and Convenient!!!
July 11, 2023I 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 MoreReview from Apartments.com
Small apartments you can’t afford
June 25, 2023The 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, 2023They 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
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
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.
About GreatSchools Data on ApartmentHomeLiving.com.
Points of Interest
Time and distance from Flats at Malcolm Yards.
Arts Museums and Landmarks
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
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
2450 Riverside Avenue
4 minute drive / 1.4 miles away
2525 Chicago Avenue South
5 minute drive / 2.74 miles away
Military Bases
11 minute drive / 5.27 miles away
Parks and Recreation
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
Flats at Malcolm Yards has 5 shopping centers within 1.7 miles.
Transit Stations
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis Studio Apartments | $1,354 | $610 | $5,373 |
| Minneapolis 1 Bedroom Apartments | $1,635 | $500 | $8,851 |
| Minneapolis 2 Bedroom Apartments | $2,309 | $479 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,559 | $495 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,615 | $495 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,159 | $2,385 | $5,500 |
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Did You Know?
The average 5 Bedroom Apartment in Minneapolis is $3,159.