Riverside Flats Apartments

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

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Riverside Flats

940 Franklin Ter
Minneapolis, MN 55406
(763) 363-5530
Riverside Flats in Minneapolis, MN - Building Photo
  • 1–2 Bedrooms
  • $1,235-$1,500 Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,218 - $1,483
    Required Monthly Fees
    $17

    Total Monthly Price
    $1,235 - $1,500
  • 640–755 Square Feet

About Riverside Flats

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 to 2 Bedroom apartments starting from $1,252 and having 640–755 sq ft. Here is the current pricing and availability:

Cost CalculatorEstimate your monthly and one-time fees
  • 1 Bedroom

    1 Bedroom B

    $1,252

    1 Bed, 1 Bath, 640 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,235
    Required Monthly Fees
    $17

    Total Monthly Price
    $1,252
    Available Jun 1

    Availability Details

    PriceAvailability DateUnitSq FtView Details
    $1,252 June 1, 2026309640
    $1,252 June 1, 2026411640
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Model Lease Information

    Model Price

    • $1,252Total Monthly Price
      Base Rent: $1,235
      Required Monthly Fees: $17

    Deposit

    • $400 deposit

    Unit 309 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unit 309 Lease Information

    Unit Price

    • $1,252Total Monthly Price
      Base Rent: $1,235
      Required Monthly Fees: $17
    • View Details and Rent Estimate

    Deposit

    • $400 deposit

    Model Lease Information

    Price

    • $1,252Total Monthly Price

    Unit 411 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unit 411 Lease Information

    Unit Price

    • $1,252Total Monthly Price
      Base Rent: $1,235
      Required Monthly Fees: $17
    • View Details and Rent Estimate

    Deposit

    • $400 deposit

    Model Lease Information

    Price

    • $1,252Total Monthly Price
  • 2 Bedrooms

    2 Bedroom B

    $1,517

    2 Beds, 1 Bath, 755 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,500
    Required Monthly Fees
    $17

    Total Monthly Price
    $1,517
    Available Jun 1

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,517 June 1, 2026403755
    Prices shown for this property are the Total Monthly Price including Fees.

    Unit 403 Amenities and Features

    Features

    • High Speed Internet Access
    • Smoke Free

    Unit 403 Lease Information

    Unit Price

    • $1,517Total Monthly Price
      Base Rent: $1,500
      Required Monthly Fees: $17
    • View Details and Rent Estimate

    Deposit

    • $400 deposit

    Model Lease Information

    Price

    • $1,517Total Monthly Price

    2 Bedroom C

    $1,492

    2 Beds, 1 Bath, 755 sq ft
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,475
    Required Monthly Fees
    $17

    Total Monthly Price
    $1,492
    Available Jul 1

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,492 July 1, 2026205755
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

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

    Kitchen

    • Dishwasher
    • Eat-in Kitchen
    • Freezer
    • Kitchen
    • Oven
    • Range
    • Refrigerator
    • Stainless Steel Appliances

    Unit 205 Lease Information

    Unit Price

    • $1,492Total Monthly Price
      Base Rent: $1,475
      Required Monthly Fees: $17
    • View Details and Rent Estimate

    Deposit

    • $400 deposit

    Model Lease Information

    Price

    • $1,492Total Monthly Price
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.

Schedule a Tour

Schedule a Tour
Call us at: (763) 363-5530 to schedule a tour.

3D Tours

Property Information

  • 37 Units
  • 4 Stories
  • Built in 1964

Lease Terms

  • 6 mo, 12+ 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. Use the Cost Calculator to determine costs based on your needs.

Required Fees

One-Time Basics

Due at Application
Application Fee (Per Applicant)iCharged per applicant.$50.00
Pre-Lease DepositiThis deposit will be applied to the security deposit. Charged per unit.$400.00

Utilities

RUBS_Water/SeweriCharged per unit.Varies/mo
Monthly Utility Bill Processing FeeiCharged per unit.$4.95/mo
RUBS_Trash RemovaliCharged per unit.$12.00/mo

Other Fees and Policies

Pet Fees

Cat
Pet DepositiMax of 2. Charged per Pet.$0.00
Pet FeeiMax of 2. Charged per Pet.$200.00
Monthly Pet FeeiMax of 2. Charged Per Pet.$0.00/mo
Pet interview, Spayed/Neutered
Restrictions:

Must be at least 1 year of age.

Comments:

Max of 2.

Parking Fees

Garage
Parking FeeiMax of 1. Charged per vehicle.$65.00/mo
Comments:

Max of 1. Heated Underground Parking Garage; Call for Availability.

Additional Parking Options

StreetiStreet Parking Available

Storage Fees

Bike Storage
Storage FeeiCharged per rentable item.$0.00

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 Bedroom to 2 Bedroom Apartments at Riverside Flats currently range from $1,252 to $1,517

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 Value3.2

    The Riverside Flats Apartments are 15.95% cheaper than the average apartment in the Seward area, and 26.95% cheaper than the average apartment city-wide.

    Rent Comparison to the Seward Neighborhood

    FloorplanLowest Price Here*Neighborhood Avg RentNbhd Avg RentCost Difference%
    1 Bedroom$1,252$1,423-$171-12.0%
    2 Bedroom$1,492$1,862-$370-19.9%
    Prices shown for this property are the Total Monthly Price including Fees.

    Rent Comparison to the city of Minneapolis

    FloorplanLowest Price Here*City Average RentCost Difference%
    1 Bedroom$1,252$1,605-$353-22.0%
    2 Bedroom$1,492$2,190-$698-31.9%
    Prices shown for this property are the Total Monthly Price including Fees.

    Methodology: On 04/14/2026, ApartmentHomeLiving.com compared current rents by floorplan to 119 other apartment communities in the immediate area around Riverside Flats (Seward), and 4934 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 04/14/2026

    * Price shown is Total Monthly Price including fees
  • 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.

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

Studio to 3 Bedroom Apartments from $750
View Rentals
Studio to 6 Bedroom Apartments from $580
View Rentals
Studio to 6 Bedroom Apartments from $469
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Minneapolis Studio Apartments $1,318$640$3,513
Minneapolis 1 Bedroom Apartments $1,605$500$8,819
Minneapolis 2 Bedroom Apartments $2,190$469$10,000+
Minneapolis 3 Bedroom Apartments $2,618$739$10,000+
Minneapolis 4 Bedroom Apartments $1,581$529$10,000+
Minneapolis 5 Bedroom Apartments $3,577$2,400$9,106
Minneapolis 6 Bedroom Apartments $3,667$2,800$4,650

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Viewing: Riverside Flats | Desktop Version | Listing Updated: 04/13/2026 | AHLGLD