Lakefield Apartments

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

Lakefield Apartments

550 W Lake St
Minneapolis, MN 55408
(651) 377-4788
Lakefield Apartments in Minneapolis, MN - Building Photo
Income Restrictions
  • Studio–4 Bedrooms
  • $1,122–$2,999Rent Pricing
  • 419–1,293Square Feet

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

Ask About Our Move-In Specials

Floorplan Pricing and Availability

Lakefield Apartments offers Studio to 4 Bedroom apartments starting from $1,122 and having 419–1,293 sq ft. Here is the current pricing and availability:

  • Studio

    From $1,122

    Studio (50%)

    Studio, 1 Bath, 419 sq ftAvailable Sep 1

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,122 September 1, 2025203419
    $1,122 September 1, 2025303419

    Model Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Model Rent and Fees

    Price

    • $1,122

    Unit 203 Rent and Fees

    Price

    • $1,122

    Model Rent and Fees

    Price

    • $1,122

    Unit 303 Rent and Fees

    Price

    • $1,122

    Model Rent and Fees

    Price

    • $1,122

    $1,354

    Studio (80%)

    Studio, 1 Bath, 419 sq ftAvailable Sep 1

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,354 September 1, 2025614419

    Model Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Unit 614 Rent and Fees

    Price

    • $1,354

    Model Rent and Fees

    Price

    • $1,354

  • 2 Bedrooms

    From $1,442

    2 Bedroom (50%)

    2 Beds, 1 Bath, 727-728 sq ftAvailable Sep 1

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,442 September 1, 2025107728
    $1,442 September 1, 2025108727

    Model Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Model Rent and Fees

    Price

    • $1,442

    Unit 107 Rent and Fees

    Price

    • $1,442

    Model Rent and Fees

    Price

    • $1,442

    Unit 108 Rent and Fees

    Price

    • $1,442

    Model Rent and Fees

    Price

    • $1,442

    From $1,740

    2 Bedroom (80%)

    2 Beds, 1 Bath, 733-736 sq ftAvailable Sep 1

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,740 September 1, 2025315734
    $1,740 September 1, 2025402736
    $1,740 September 1, 2025408733

    Model Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Model Rent and Fees

    Price

    • $1,740

    Unit 315 Rent and Fees

    Price

    • $1,740

    Model Rent and Fees

    Price

    • $1,740

    Unit 402 Rent and Fees

    Price

    • $1,740

    Model Rent and Fees

    Price

    • $1,740

    Unit 408 Rent and Fees

    Price

    • $1,740

    Model Rent and Fees

    Price

    • $1,740

  • 3 Bedrooms

    $1,654

    3 Bedroom (50%)

    3 Beds, 2 Baths, 1053 sq ftAvailable Sep 1

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,654 September 1, 20251121053

    Model Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Unit 112 Rent and Fees

    Price

    • $1,654

    Model Rent and Fees

    Price

    • $1,654

    From $2,342

    3 Bedroom (80%)

    3 Beds, 2 Baths, 1060-1136 sq ftAvailable Sep 1

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,342 September 1, 20252051126
    $2,342 September 1, 20252131136
    $2,342 September 1, 20253051126

    Model Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Model Rent and Fees

    Price

    • $2,342

    Unit 205 Rent and Fees

    Price

    • $2,342

    Model Rent and Fees

    Price

    • $2,342

    Unit 213 Rent and Fees

    Price

    • $2,342

    Model Rent and Fees

    Price

    • $2,342

    Unit 305 Rent and Fees

    Price

    • $2,342

    Model Rent and Fees

    Price

    • $2,342

  • 4 Bedrooms

    From $2,999

    4 Bedroom (80%)

    4 Beds, 2 Baths, 1232-1293 sq ftAvailable Sep 1

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,999 September 1, 20255011293
    $2,999 September 1, 20255171232
    $2,999 September 1, 20256011293

    Model Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Kitchen
    • Range
    • Refrigerator

    Model Rent and Fees

    Price

    • $2,999

    Unit 501 Rent and Fees

    Price

    • $2,999

    Model Rent and Fees

    Price

    • $2,999

    Unit 517 Rent and Fees

    Price

    • $2,999

    Model Rent and Fees

    Price

    • $2,999

    Unit 601 Rent and Fees

    Price

    • $2,999

    Model Rent and Fees

    Price

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

Property Information

Income Restrictions At Lakefield Apartments

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.

Lease Terms

  • 10, 11, 12, 13, 14
Ask About Our Lease Terms

Utilities Included

  • Trash Removal
  • Sewer
  • Water
  • Gas
  • Heat

Pet Policy

Pet Policy - Cats

  • 2 Pet Limit
  • $500 Deposit

Pet Policy - Dogs

  • $500 Deposit
  • 2 Pet Limit
  • Pit Bull, Doberman, Wolf Hybrid, Chow, Rottweiler, American Pit Bull/Bull Terrier, Akita, American Staffordshire Terrier

No Brontosauruses Allowed

Pet policies can vary depending on the type of pet. Find out if we accept your pets!

Ask Us About Our Pet Policy

Fee & Deposit Info

One-Time Fees

  • $50 Application Fee

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

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
Ask About Our Amenities
Google Map

Map

550 W Lake St, Minneapolis, MN 55408

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
(651) 377-4788
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
Ask About Live Online Tours

Getting Around

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

98 / 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.

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 $1,122 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

Lifestyle Ratings

  • Affordability Nice Value3.4

    The Lakefield Apartments Apartments are 25.55% cheaper than the average apartment in the East Lyn Lake area, and 18.68% cheaper than the average apartment city-wide.

    Rent Comparison to the East Lyn Lake Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$1,122$1,232-$110-8.9%
    2 Bedroom$1,442$2,741-$1,299-47.4%
    3 Bedroom$1,654$2,855-$1,201-42.1%
    4 Bedroom$2,999$3,117-$118-3.8%

    Rent Comparison to the city of Minneapolis

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$1,122$1,357-$235-17.3%
    2 Bedroom$1,442$2,309-$867-37.5%
    3 Bedroom$1,654$2,535-$881-34.8%
    4 Bedroom$2,999$2,609+$39014.9%

    Methodology: On 06/12/2025, ApartmentHomeLiving.com compared current rents by floorplan to 1021 other apartment communities in the immediate area around Lakefield Apartments (East Lyn Lake), and 3330 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 06/12/2025

  • 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
1/10

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
5/10
Contact Us About Nearby Schools
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
Lunds & Byerlys
3945 W 50th St
7 minute drive / 3.32 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

East Lyn Lake

Studio to 4 Bedroom Apartments from $612
View Rentals

Lyn-Lake

Studio to 4 Bedroom Apartments from $612
View Rentals

Lyndale

Studio to 4 Bedroom Apartments from $613
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,357$612$6,617
Minneapolis 1 Bedroom Apartments $1,634$500$10,000+
Minneapolis 2 Bedroom Apartments $2,309$479$10,000+
Minneapolis 3 Bedroom Apartments $2,535$495$10,000+
Minneapolis 4 Bedroom Apartments $2,609$495$9,860
Minneapolis 5 Bedroom Apartments $3,091$2,400$3,995

Browse Top Apartments in Minneapolis

By Price

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Viewing: Lakefield Apartments | Desktop Version | Listing Updated: 06/12/2025 | AHLDIA