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Lakefield Apartments

550 W Lake St, Minneapolis, MN 55408
Interior Photo
Interior Photo
20 Photos4 Floorplans
Building Photo
Building Photo
Building Photo
Building Photo
Building Photo
Building Photo
Building Photo
Building Photo
20 Photos4 Floorplans

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Lakefield Apartments

550 W Lake St
Minneapolis, MN 55408
Lakefield Apartments in Minneapolis, MN - Building Photo
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Income Restrictions
  • Studio–4 Bedrooms
  • 392–1,293 Square 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
  • Flex Pay
  • 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

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Office Hours

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

Floorplan Pricing and Availability

  • Studio

    Studio (Tier 2)

    Studio, 1 Bath, 419-421 sq ft
    Available Now

    Model Gallery

    Floorplans

    Availability Details

    Availability DateUnitSq Ft
    Available Now503419
    September 5, 2026604421
    September 13, 2026303419

    Studio (Tier 1)

    Studio, 1 Bath, 392 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    UnavailableStudio (Tier 1)392 sq ft
    Show Unavailable Floorplans

  • 2 Bedrooms

    2 Bedroom (Tier 3)

    2 Beds, 1 Bath, 733-734 sq ft
    Available Now

    Model Gallery

    Floorplans

    Availability Details

    Availability DateUnitSq Ft
    Available Now608733
    October 5, 2026315734

    2 Bedroom (Tier 2)

    2 Beds, 1 Bath, 727-733 sq ft
    Available Sep 5

    Model Gallery

    Floorplans

    Availability Details

    Availability DateUnitSq Ft
    September 5, 2026110727
    November 5, 2026210733

  • 3 Bedrooms

    3 Bedroom (Tier 3)

    3 Beds, 2 Baths, 1122-1136 sq ft
    Available Sep 5
    Largest 3 BedroomThis is the largest 3 Bedroom at this Property

    Model Gallery

    Floorplans

    Availability Details

    Availability DateUnitSq Ft
    September 5, 20265001122
    October 5, 20262131136

    3 Bedroom (Tier 2)

    3 Beds, 2 Baths, 1056 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable3 Bedroom (Tier 2)1056 sq ft

    3 Bedroom (Tier 1)

    3 Beds, 2 Baths, 1118 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable3 Bedroom (Tier 1)1118 sq ft
    Show Unavailable Floorplans

  • 4 Bedrooms

    4 Bedroom (Tier 3)

    4 Beds, 2 Baths, 1232 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable4 Bedroom (Tier 3)1232 sq ft

    4 Bedroom (Tier 1)

    4 Beds, 2 Baths, 1293 sq ft
     

    Availability Details

    Availability DateUnitSq Ft
    Unavailable4 Bedroom (Tier 1)1293 sq ft
Price shown is base rent. 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

  • 110 Units
  • 7 Stories
  • Built in 2025

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.$500.00
Application Fee Per ApplicantiCharged per applicant.$50.00

Utilities

Utility - ElectriciCharged Per Unit. Payable to Third Party.Varies/mo
CableiCharged Per Unit. Payable to Third Party.Varies/mo
High Speed Internet AccessiCharged Per Unit. Payable to Third Party.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 and Policies

Pet Fees

Cat
Cat DepositiMax of 2. Charged Per Pet.$500.00
Restrictions:

None

Comments:

Max of 2. | Restrictions: None.

Dog
Dog DepositiMax of 2. Charged Per Pet.$500.00
Restrictions:

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

Comments:

Max of 2. | Restrictions: Pit Bull, Doberman, Wolf Hybrid, Chow, Rottweiler, American Pit Bull/Bull Terrier, Akita, American Staffordshire Terrier.

Parking Fees

Garage
Parking FeeiCharged Per Vehicle.$150-$200/mo

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

Getting Around

  • 90 / 100 Exceptionally walkable

    All day-to-day needs are within a few minutes' walk

  • 90 / 100 Exceptional public transit

    Near a wide variety of rapid transit and/or frequent bus lines

  • 90 / 100 Exceptionally bikeable

    Exceptionally suitable for bicycle commuting and/or recreation

  • 80 / 100 Very car friendly

    Excellent access to freeways and/or major arteries, with a very low chance of parking problems

Scores provided by Local Logic details

Getting to Know the Area

  • 90 / 100 Restaurants

    Exceptional variety of restaurants within a few minutes

  • 100 / 100 Cafes

    Exceptional variety of cafés within a few minutes

  • 100 / 100 Nightlife

    Exceptional variety of bars right within a few minutes

  • 90 / 100 Shopping

    Exceptional variety of shops within a few minutes

  • 80 / 100 Parks

    Very large amount of park space within a few minutes

  • 30 / 100 Noise Level

    Multiple sources of noise nearby

Scores provided by Local Logic

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 Street
Public School - Grades PK-5 (491 Students)
In Attendance Zone1 minute drive / 0.4 miles away
2/10

South Senior High School

Minneapolis Public School Dist.
3131 19th Avenue South
Public School - Grades 9-12 (1257 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

Aldi

1311 E Franklin Ave
5 minute drive / 1.9 miles away

Target

3601 Highway 100 S
6 minute drive / 2.91 miles away

Walgreens

5428 Lyndale Ave S
6 minute drive / 3.18 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

East Lyn Lake

Studio to 6 Bedroom Apartments from $1,195
View Rentals

Lyn-Lake

Studio to 6 Bedroom Apartments from $1,265
View Rentals

Lyndale

Studio to 4 Bedroom Apartments from $800
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,330$595$2,350
Minneapolis 1 Bedroom Apartments $1,635$500$6,639
Minneapolis 2 Bedroom Apartments $2,193$280$10,000+
Minneapolis 3 Bedroom Apartments $2,558$415$10,000+
Minneapolis 4 Bedroom Apartments $2,474$649$6,411
Minneapolis 5 Bedroom Apartments $3,522$650$8,111
Minneapolis 6 Bedroom Apartments $3,915$2,600$6,051

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Viewing: Lakefield Apartments | Desktop Version | Listing Updated: 09/02/2026

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Viewing: Lakefield Apartments | Desktop Version | Listing Updated: 09/02/2026