Lakefield Apartments

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550 W Lake St, Minneapolis, MN 55408
(651) 377-4788
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Lakefield Apartments

550 W Lake St
Minneapolis, MN 55408
(651) 377-4788
Lakefield Apartments in Minneapolis, MN - Building Photo
  • Studio–4 Bedrooms
  • $1,075-$2,999Total Monthly Price
  • 419–1,293Square Feet

Rent Specials

HOLIDAY SPECIAL: UP TO 2 MONTH'S FREE RENT WITH MOVE IN BEFORE 12/31~~Move into select apartment homes before 12/31 and enjoy 2 MONTHS FREE RENT! Huge price reductions on select apartment homes for a limited time only! Tour today before these deals slip away.

Ask Us About Our Specials

About Lakefield Apartments

Lakefield Apartments is a brand-new affordable living community in the heart of Lyn-Lake/Uptown, thoughtfully designed for families of all sizes. With spacious apartments and family-focused amenities that emphasize comfort and convenience, Lakefield offers an ideal home for larger households. At Lakefield, families have room to grow and enjoy a vibrant community atmosphere, making it the perfect place to thrive.

Lakefield Apartments is located in the East Lyn Lake Neighborhood and 55408 Zip code of Minneapolis, MN. This community is professionally managed by Halverson and Blaiser Group, LTD

Unique Features and Amenities

  • Bike Racks and Storage
  • Black Whirlpool Appliances
  • Central Heating + Air Conditioning
  • Ceramic tiled bathrooms
  • Community Room
  • Free common area WIFI
  • LED Lighting
  • LVP flooring
  • maple cabinets
  • Patio/Balcony
  • Vending Machines
  • View

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

Lakefield Apartments offers Studio to 4 Bedroom apartments starting from $1,075 and having 419–1,293 sq ft. Here is the current pricing and availability:

  • Studio

    Studio (Tier 2)

    From $1,075

    Studio, 1 Bath, 419 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,122Available Now403419
    $1,075Available Now414419
    $1,122Available Now503419

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Heating
    • Smoke Detector
    • Tub/Shower
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Model Lease Information

    Model Price Range

    • $1,075 - $1,122

    Unit 403 Lease Information

    Unit Price

    • $1,122

    Model Rent and Fees

    Model Price Range

    • $1,075 - $1,122

    Unit 414 Lease Information

    Unit Price

    • $1,075

    Model Rent and Fees

    Model Price Range

    • $1,075 - $1,122

    Unit 503 Lease Information

    Unit Price

    • $1,122

    Model Rent and Fees

    Model Price Range

    • $1,075 - $1,122

    Studio (Tier 3)

    $1,354

    Studio, 1 Bath, 419 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,354Available Now614419

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Heating
    • Smoke Detector
    • Tub/Shower
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Unit 614 Lease Information

    Unit Price

    • $1,354

    Model Rent and Fees

    Price

    • $1,354
  • 2 Bedrooms

    2 Bedroom (Tier 3)

    From $1,525

    2 Beds, 1 Bath, 733-736 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,740Available Now608733
    $1,740Available Now515734
    $1,740Available Now502736

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Heating
    • Smoke Detector
    • Tub/Shower
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Model Lease Information

    Model Price Range

    • $1,525 - $1,740

    Current Available Pricing

    • $1,740

    Unit 608 Lease Information

    Unit Price

    • $1,740

    Model Rent and Fees

    Model Price Range

    • $1,525 - $1,740

    Unit 515 Lease Information

    Unit Price

    • $1,740

    Model Rent and Fees

    Model Price Range

    • $1,525 - $1,740

    Unit 502 Lease Information

    Unit Price

    • $1,740

    Model Rent and Fees

    Model Price Range

    • $1,525 - $1,740
  • 3 Bedrooms

    3 Bedroom (Tier 3)

    From $2,142

    3 Beds, 2 Baths, 1060-1101 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,342Available Now6061060
    $2,342Available Now3181101
    $2,142Available Now4181101

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Heating
    • Smoke Detector
    • Tub/Shower
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Model Lease Information

    Model Price Range

    • $2,142 - $2,342

    Unit 606 Lease Information

    Unit Price

    • $2,342

    Model Rent and Fees

    Model Price Range

    • $2,142 - $2,342

    Unit 318 Lease Information

    Unit Price

    • $2,342

    Model Rent and Fees

    Model Price Range

    • $2,142 - $2,342

    Unit 418 Lease Information

    Unit Price

    • $2,142

    Model Rent and Fees

    Model Price Range

    • $2,142 - $2,342
  • 4 Bedrooms

    4 Bedroom (Tier 1)

    $2,334

    4 Beds, 2 Baths, 1293 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,334Available Now4011293

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Heating
    • Smoke Detector
    • Tub/Shower
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Unit 401 Lease Information

    Unit Price

    • $2,334

    Model Rent and Fees

    Price

    • $2,334

    4 Bedroom (Tier 3)

    $2,999

    4 Beds, 2 Baths, 1293 sq ft
    Total Monthly Price
    Available Now

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,999Available Now5011293

    Model Amenities and Features

    Features

    • Air Conditioning
    • Balcony
    • Cable Ready
    • Heating
    • Smoke Detector
    • Tub/Shower
    • Wi-Fi

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Unit 501 Lease Information

    Unit Price

    • $2,999

    Model Rent and Fees

    Price

    • $2,999
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) 377-4788 to schedule a tour.

3D Tours

Property Information

Income Restrictions At Lakefield Apartments

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

# Persons80% Income Limit 50% Income Limit
1$74,160$46,350
2$84,800$53,000
3$95,360$59,600
4$105,920$66,200
5$114,400$71,500
6$122,880$76,800
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.

Lease Terms

  • 10 - 14 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 ApplicantiCharged per applicant$50
Security Deposit - RefundableiCharged per unit$500

Utilities & Essentials

Utility - ElectriciCharged per unitVaries
CableiCharged per unitVaries
High Speed Internet AccessiCharged per unitVaries
Utility - WateriCharged per unitIncluded in Rent
Utility - SeweriCharged per unitVaries
Utility- HeatiCharged per unitIncluded in Rent
Utility- TrashiCharged per unitVaries

Other Fees

Pet Fees

Dog

Dog DepositiCharged per Pet$500

Cat

Cat DepositiCharged per Pet$500

Dogs

  • 2 Pet Limit
Restrictions:

| Restrictions: Pit Bull, Doberman, Wolf Hybrid, Chow, Rottweiler, American Pit Bull/Bull Terrier, Akita, American Staffordshire Terrier

Cats

  • 2 Pet Limit
Restrictions:

| Restrictions: None

Parking Info and Fees

Garage Parking

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

On-Site Services

  • Maintenance On Site
  • Package Service
  • Property Manager On Site
  • Online Services
  • Public Transportation
  • 24 Hour Access
  • Laundry Facilities

Community Features

  • Business Center
  • Elevator

Outdoor Features

  • Controlled Access
  • Patio

Recreation and Fitness

  • Fitness Center
  • Playground

Interior Features

  • Balcony
  • Smoke Detector
  • Tub/Shower
  • Heating
  • Cable Ready
  • Air Conditioning
  • Wi Fi

Kitchen Amenities

  • Dishwasher
  • Range
  • Refrigerator
  • Kitchen

Living Area Features

  • Walk In Closets
  • Window Coverings
  • Recreation Room
Google Map

Map

550 W Lake St, Minneapolis, MN 55408

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
Monday9:00 am–5:00 pm
Tuesday9:00 am–5:00 pm
Wednesday9:00 am–5:00 pm
Thursday9:00 am–5:00 pm
Friday9:00 am–5:00 pm
SaturdayClosed
SundayClosed

Frequently Asked Questions about Lakefield Apartments

Where is Lakefield Apartments located?

Lakefield Apartments is located at 550 W Lake St near the East Lyn Lake area of Minneapolis, MN

What is the current rent range at Lakefield Apartments?

Studio to 4 Bedroom Apartments at Lakefield Apartments currently range from $1,075 to $2,999

When is the leasing office open?

  • The office Hours for Lakefield Apartments are
  • Monday 9:00 am–5:00 pm
  • Tuesday 9:00 am–5:00 pm
  • Wednesday 9:00 am–5:00 pm
  • Thursday 9:00 am–5:00 pm
  • Friday 9:00 am–5:00 pm
  • Saturday Closed
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at Lakefield Apartments is: HOLIDAY SPECIAL: UP TO 2 MONTH'S FREE RENT WITH MOVE IN BEFORE 12/31~~Move into select apartment homes before 12/31 and enjoy 2 MONTHS FREE RENT! Huge price reductions on select apartment homes for a limited time only! Tour today before these deals slip away..

Lifestyle Ratings

  • Affordability Nice Value3.4

    The Lakefield Apartments Apartments are 25.18% cheaper than the average apartment in the East Lyn Lake area, and 12.33% cheaper than the average apartment city-wide.

    Rent Comparison to the East Lyn Lake Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$1,075$1,150-$75-6.5%
    2 Bedroom$1,525$2,590-$1,065-41.1%
    3 Bedroom$2,142$3,336-$1,194-35.8%
    4 Bedroom$2,334$2,821-$487-17.3%

    Rent Comparison to the city of Minneapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$1,075$1,292-$217-16.8%
    2 Bedroom$1,525$2,167-$642-29.6%
    3 Bedroom$2,142$2,372-$230-9.7%
    4 Bedroom$2,334$2,185+$1496.8%

    Methodology: On 12/11/2025, ApartmentHomeLiving.com compared current rents by floorplan to 1782 other apartment communities in the immediate area around Lakefield Apartments (East Lyn Lake), and 5352 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 12/11/2025

  • Transit Friendly 4.0

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

Learn more about Lifestyle Search

Renters Reviews and Ratings

2.0
0 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.

Nearby Schools

Andersen Community

Minneapolis Public School Dist.
1098 Andersen Lane
Public School - Grades PK-8 (747 Students)
In Attendance Zone4 minute drive / 1.4 miles away

Whittier International

Minneapolis Public School Dist.
315 WEST 26TH ST
Public School - Grades PK-5 (361 Students)
In Attendance Zone1 minute drive / 0.4 miles away
2/10

South Senior High

Minneapolis Public School Dist.
3131 19th Avenue South
Public School - Grades 9-12 (1466 Students)
In Attendance Zone4 minute drive / 2.1 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 Lakefield Apartments.

Arts Museums and Landmarks

Lake Harriet

Lake Harriet
2 minute drive / 0.84 miles away

Foshay Tower

821 Marquette Avenue South
5 minute drive / 1.94 miles away

Target Field

900 South 5th Street
4 minute drive / 2.19 miles away

Big Box and Retail

Autozone

2940 Clinton Ave
2 minute drive / 0.88 miles away

Aldi

1311 E Franklin Ave
5 minute drive / 1.9 miles away

Target

3601 Highway 100 S
6 minute drive / 2.91 miles away

Colleges and Universities

Minneapolis Community and Technical College

1501 Hennipen Avenue
4 minute drive / 1.61 miles away

University of St. Thomas - Minneapolis Campus

1000 Lasalle Ave
5 minute drive / 1.77 miles away

North Central University

910 Elliot Avenue
5 minute drive / 1.87 miles away

Groceries

Aldi

1311 E Franklin Ave
5 minute drive / 1.9 miles away

Cub Foods

2850 S 26th Ave
5 minute drive / 2.66 miles away

Hospitals

Abbott Northwestern Hospital

800 East 28th Street
4 minute drive / 1.36 miles away

Children's Hospitals & Clinics Of Minnesota

2525 Chicago Avenue South
4 minute drive / 1.41 miles away

Hennepin County Medical Center

701 Park Avenue
4 minute drive / 2.07 miles away

Military Bases

Fort Snelling Military Reservation

12 minute drive / 5.76 miles away

Parks and Recreation

Lake of the Isles

2500 Lake Isles Pkwy. E
2 minute drive / 0.87 miles away

Loring Park

1382 Willow St.
4 minute drive / 1.39 miles away

Powderhorn Park

3400 15th Ave. S
5 minute drive / 1.87 miles away

Lakefield Apartments has 5 parks within 3.5 miles, including Lake of the Isles, Loring Park, Powderhorn Park, Cedar Lake, and The Grand Rounds.

Shopping Centers

Uptown Row

1221 W Lake St
1 minute drive / 0.27 miles away

Seven Points Uptown

3001 Hennepin Ave
1 minute drive / 0.41 miles away

Lund's Marketplace

1450 W Lake St
1 minute drive / 0.49 miles away

Lakefield Apartments has 5 shopping centers within 0.7 miles.

Transit Stations

Government Plaza Station-Hiawatha Line

356 S 5th St
4 minute drive / 2.2 miles away

Nicollet Mall Station-Hiawatha Line

75 S 5th St
4 minute drive / 2.2 miles away

Franklin Avenue Station-Hiawatha Line

1883 E Franklin Ave
4 minute drive / 2.27 miles away

Nearby Neighborhoods

Studio to 5 Bedroom Apartments from $632
View Rentals
Studio to 4 Bedroom Apartments from $725
View Rentals
Studio to 4 Bedroom Apartments from $755
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,292$632$5,563
Minneapolis 1 Bedroom Apartments $1,546$500$5,800
Minneapolis 2 Bedroom Apartments $2,167$469$10,000+
Minneapolis 3 Bedroom Apartments $2,372$495$10,000+
Minneapolis 4 Bedroom Apartments $2,185$479$5,341
Minneapolis 5 Bedroom Apartments $3,374$2,200$3,895
Minneapolis 6 Bedroom Apartments $3,684$850$4,795

Browse Top Apartments in Minneapolis

Viewing: Lakefield Apartments | Desktop Version | Listing Updated: 12/11/2025 | AHLDIA