Riverside Flats Apartments

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940 Franklin Ter, Minneapolis, MN 55406
(763) 363-5530
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Riverside Flats

940 Franklin Ter
Minneapolis, MN 55406
(763) 363-5530
Riverside Flats in Minneapolis, MN - Building Photo
  • 1 Bedroom Bedrooms
  • $1,116Total Monthly Price
  • 535Square Feet

About Riverside Flats

Riverside Flats is ideally located near the U of M West Bank campus, the Mississippi River, several parks, biking/walking paths, restaurants, local services and so much more! You are minutes from I-94 with easy access to I-35W and I-280. We recently updated the common areas and offer several amenities you won't find in the neighborhood...elevator, underground parking, laundry on each floor, dishwasher, balcony (optional) and lots of closet space. Come check out your new home!

Riverside Flats is located in the Seward Neighborhood and 55406 Zip code of Minneapolis, MN. This community is professionally managed by KRC Apartments

Property Contact Info

Floorplan Pricing and Availability

Riverside Flats offers 1 Bedroom apartments starting from $1,116 and having 535 sq ft. Here is the current pricing and availability:

    • 1 Bedroom

      1 Bedroom A

      $1,116

      1 Bed, 1 Bath, 535 sq ft
      Total Monthly Price
      Available March 1, 2026

      Availability Details

      PriceAvailability DateUnitSq Ft
      $1,116 March 1, 2026202535

      Unit 202 Amenities and Features

      Features

      • High Speed Internet Access
      • Smoke Free

      Unit 202 Lease Information

      Unit Price

      • $1,116

      Deposit

      • $400 deposit

      Model Rent and Fees

      Price

      • $1,116
    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: (763) 363-5530 to schedule a tour.

    3D Tours

    Property Information

    Lease Terms

    • 6 mo, 12+ 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 Applicant)iCharged per applicant$50
    Pre-Lease DepositiThis deposit will be applied to the security deposit. Charged per unit$400

    Utilities & Essentials

    RUBS_Water/SeweriCharged per unitVaries
    Monthly Utility Bill Processing FeeiCharged per unit$4.95/mo
    RUBS_Trash RemovaliCharged per unit$12/mo

    Other Fees

    Pet Fees

    Cat

    Pet FeeiCharged per Pet$200
    Pet DepositiCharged per Pet$0
    Pet RentiCharged per Pet$0/mo

    Cats

    • 2 Pet Limit
    Restrictions:

    Parking Fees

    Garage

    Parking FeeiCharged per vehicle$65/mo

    Additional Parking Options

    Garage ParkingiHeated Underground Parking Garage; Call for Availability.
    StreetiStreet Parking Available

    Storage Fees

    Bike Storage

    Storage FeeiCharged per rentable item$0

    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

    Unique Amenities

    • Balcony in some units
    • Remodeled Units

    On-Site Services

    • Property Manager On Site
    • Recycling
    • 24 Hour Access
    • Laundry Facilities

    Community Features

    • Elevator

    Outdoor Features

    • Roof Terrace
    • Controlled Access

    Recreation and Fitness

    • Walking/Biking Trails

    Interior Features

    • Balcony
    • Storage Space
    • Heating
    • Tub/Shower
    • Ceiling Fans
    • High Speed Internet Access
    • Intercom
    • Cable Ready
    • Air Conditioning
    • Smoke Free

    Kitchen Amenities

    • Oven
    • Range
    • Refrigerator
    • Dishwasher
    • Eat In Kitchen
    • Kitchen
    • Freezer
    • Stainless Steel Appliances

    Living Area Features

    • Carpet
    • Window Coverings
    • Views
    • Vinyl Flooring

    Unique Amenities

    • Garage Available
    Google Map

    Map

    940 Franklin Ter, Minneapolis, MN 55406

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    MondayBy Appointment
    TuesdayBy Appointment
    WednesdayBy Appointment
    ThursdayBy Appointment
    FridayBy Appointment
    SaturdayBy Appointment
    SundayClosed

    Frequently Asked Questions about Riverside Flats

    Where is Riverside Flats located?

    Riverside Flats is located at 940 Franklin Ter near the Seward area of Minneapolis, MN

    What is the current rent range at Riverside Flats?

    1 Bedrooms at Riverside Flats currently start from $1,116. Call today for more info!

    When is the leasing office open?

    • The office Hours for Riverside Flats are
    • Monday By Appointment
    • Tuesday By Appointment
    • Wednesday By Appointment
    • Thursday By Appointment
    • Friday By Appointment
    • Saturday By Appointment
    • 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 Riverside Flats Apartments are 16.7% cheaper than the average apartment in the Seward area, and 27.7% cheaper than the average apartment city-wide.

      Rent Comparison to the Seward Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      1 Bedroom$1,116$1,339-$223-16.7%

      Rent Comparison to the city of Minneapolis

      FloorplanLowest Price HereCity Average RentCost Difference%
      1 Bedroom$1,116$1,543-$427-27.7%

      Methodology: On 12/12/2025, ApartmentHomeLiving.com compared current rents by floorplan to 62 other apartment communities in the immediate area around Riverside Flats (Seward), and 2675 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 12/12/2025

    • Transit Friendly 3.6

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

    Learn more about Lifestyle Search

    Renters Reviews and Ratings

    4.0
    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 Zone5 minute drive / 1.7 miles away

    South Senior High

    Minneapolis Public School Dist.
    3131 19th Avenue South
    Public School - Grades 9-12 (1466 Students)
    In Attendance Zone4 minute drive / 1.5 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 Riverside Flats.

    Arts Museums and Landmarks

    Target Field

    900 South 5th Street
    5 minute drive / 1.69 miles away

    Guthrie Theater

    818 South 2nd Street
    5 minute drive / 1.78 miles away

    Foshay Tower

    821 Marquette Avenue South
    4 minute drive / 2.29 miles away

    Big Box and Retail

    Aldi

    1311 E Franklin Ave
    3 minute drive / 1.24 miles away

    Autozone

    2940 Clinton Ave
    4 minute drive / 2.2 miles away

    Walgreen's

    4547 Hiawatha Ave
    5 minute drive / 2.79 miles away

    Colleges and Universities

    Augsburg College

    2211 Riverside Ave
    1 minute drive / 0.66 miles away

    University of Minnesota

    100 Church Street SE
    4 minute drive / 1.56 miles away

    North Central University

    910 Elliot Avenue
    4 minute drive / 1.66 miles away

    Groceries

    Cub Foods

    2850 S 26th Ave
    1 minute drive / 0.65 miles away

    Aldi

    1311 E Franklin Ave
    3 minute drive / 1.24 miles away

    Hospitals

    University Of Minnesota Medical Center, Fairview

    2450 Riverside Avenue
    1 minute drive / 0.59 miles away

    Children's Hospitals & Clinics Of Minnesota

    2525 Chicago Avenue South
    4 minute drive / 1.61 miles away

    Abbott Northwestern Hospital

    800 East 28th Street
    5 minute drive / 1.67 miles away

    Military Bases

    Fort Snelling Military Reservation

    10 minute drive / 4.75 miles away

    Parks and Recreation

    Powderhorn Park

    3400 15th Ave. S
    5 minute drive / 1.75 miles away

    Loring Park

    1382 Willow St.
    5 minute drive / 2.62 miles away

    Lake of the Isles

    2500 Lake Isles Pkwy. E
    7 minute drive / 3.57 miles away

    Riverside Flats has 5 parks within 4.0 miles, including Powderhorn Park, Loring Park, Lake of the Isles, The Grand Rounds, and Como Zoo.

    Shopping Centers

    Seward Crossing

    2111 E Franklin Ave
    1 minute drive / 0.62 miles away

    Minnehaha Center

    2850-2872 S 26th Ave
    1 minute drive / 0.64 miles away

    Minnehaha Lake Shopping Center

    Lake St
    2 minute drive / 0.83 miles away

    Riverside Flats has 5 shopping centers within 1.0 miles.

    Transit Stations

    Franklin Avenue Station-Hiawatha Line

    1883 E Franklin Ave
    2 minute drive / 0.85 miles away

    38th Street Station-Hiawatha Line

    3761 Hiawatha Ave
    5 minute drive / 1.75 miles away

    Government Plaza Station-Hiawatha Line

    356 S 5th St
    4 minute drive / 2.1 miles away

    Nearby Neighborhoods

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    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Minneapolis Studio Apartments $1,292$632$5,562
    Minneapolis 1 Bedroom Apartments $1,543$500$5,800
    Minneapolis 2 Bedroom Apartments $2,163$469$10,000+
    Minneapolis 3 Bedroom Apartments $2,392$495$10,000+
    Minneapolis 4 Bedroom Apartments $2,183$479$5,341
    Minneapolis 5 Bedroom Apartments $3,388$2,200$3,895
    Minneapolis 6 Bedroom Apartments $4,156$3,000$4,795

    Browse Top Apartments in Minneapolis

    Viewing: Riverside Flats | Desktop Version | Listing Updated: 11/17/2025 | AHLGLD