Lakefield Apartments

550 W Lake St, Minneapolis, MN 55408

Photos

Request Notification

Lakefield Apartments

550 W Lake St
Minneapolis, MN 55408
Lakefield Apartments in Minneapolis, MN - Building Photo
This property is currently unavailable on ApartmentHomeLiving.com.

Sign up to be notified if it becomes available.
Income Restrictions
  • Studio–4 Bedrooms
  • 392–1,293Square Feet

About Lakefield Apartments

Lakefield Apartments is a brand-new affordable living community in the heart of Lyn-Lake/Uptown, thoughtfully designed for households of all sizes. With spacious apartments and amenities that emphasize comfort and convenience, Lakefield offers an ideal home for larger households. At Lakefield, there is 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.

Unique Features and Amenities

  • 24-Hour Maintenance
  • 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
  • Online Maintenance Portal
  • Online rent payment
  • Patio/Balcony
  • Vending Machines
  • VIew

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

  • Studio

    Studio (Tier 1)

    Studio, 1 Bath, 392 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    UnavailableStudio (Tier 1)392 sq ft

    Studio (Tier 2)

    Studio, 1 Bath, 419 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    UnavailableStudio (Tier 2)419 sq ft

    Studio (Tier 3)

    Studio, 1 Bath, 419 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    UnavailableStudio (Tier 3)419 sq ft
  • 2 Bedrooms

    2 Bedroom (Tier 3)

    2 Beds, 1 Bath, 733 sq ft
    Available Now

    Availability Details

    Availability DateUnitSq Ft
    Available Now608733

    2 Bedroom (Tier 2)

    2 Beds, 1 Bath, 727 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable2 Bedroom (Tier 2)727 sq ft
    Show Unavailable Floorplans
  • 3 Bedrooms

    3 Bedroom (Tier 2)

    3 Beds, 2 Baths, 1053 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable3 Bedroom (Tier 2)1053 sq ft

    3 Bedroom (Tier 3)

    3 Beds, 2 Baths, 1101 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable3 Bedroom (Tier 3)1101 sq ft

    3 Bedroom (Tier 1)

    3 Beds, 2 Baths, 1118 sq ft
     
    Largest 3 BedroomThis is the largest 3 Bedroom at this Property

    Availability Details

    Availability DateUnitSq Ft
    Unavailable3 Bedroom (Tier 1)1118 sq ft
  • 4 Bedrooms

    4 Bedroom (Tier 1)

    4 Beds, 2 Baths, 1293 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable4 Bedroom (Tier 1)1293 sq ft

    4 Bedroom (Tier 3)

    4 Beds, 2 Baths, 1293 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable4 Bedroom (Tier 3)1293 sq ft
Price shown is total price based on community-supplied monthly required fees. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Property Information

  • Built in 2025
  • 110 Units
  • 7 Stories

Lease Terms

  • 10 - 14 mo

Fees and Policies

The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Required Fees

One-Time Basics

Due at Application
Security Deposit - RefundableiCharged per unit.$500
Application Fee Per ApplicantiCharged per applicant.$50

Utilities

Utility - ElectriciCharged per unit.Varies/mo
CableiCharged per unit.Varies/mo
High Speed Internet AccessiCharged per unit.Varies/mo
Utility - WateriCharged per unit.Included in Rent/mo
Utility - SeweriCharged per unit.Varies/mo
Utility- HeatiCharged per unit.Included in Rent/mo
Utility- TrashiCharged per unit.Varies/mo

Other Fees

Pet Fees

Dog

Dog DepositiCharged per Pet.$500
Restrictions:

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

Comments:

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

Cat

Cat DepositiCharged per Pet.$500
Restrictions:

None

Comments:

| 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

Living Area Features

  • Walk In Closets

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.

Map

550 W Lake St, Minneapolis, MN 55408

Hours and Contact Info

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

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 6 Bedroom Apartments from $653
View Rentals
Studio to 6 Bedroom Apartments from $725
View Rentals
Studio to 2 Bedroom Apartments from $800
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,294$640$2,330
Minneapolis 1 Bedroom Apartments $1,584$500$8,119
Minneapolis 2 Bedroom Apartments $2,147$469$10,000+
Minneapolis 3 Bedroom Apartments $2,412$495$10,000+
Minneapolis 4 Bedroom Apartments $1,794$535$7,988
Minneapolis 5 Bedroom Apartments $2,981$2,000$3,500

Nearby Apartments

Nearby Homes

Protect yourself from fraud. Avoid Scams and Fraud

Viewing: Lakefield Apartments | Desktop Version | Listing Updated: 03/05/2026

Protect yourself from fraud. Avoid Scams and Fraud

Viewing: Lakefield Apartments | Desktop Version | Listing Updated: 03/05/2026