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Riverside Flats
940 Franklin Ter
Minneapolis, MN 55406
Minneapolis, MN 55406
- 1–2 Bedrooms
- 535–800 Square 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.
Property Contact Info
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Floorplan Pricing and Availability
New! Interactive Property Map
ApartmentHomeLiving.com's new Interactive Property Map allows you to see where every available unit is located at this community.Try It Now >1 Bedroom
Show Unavailable Floorplans1 Bedroom A
1 Bed, 1 Bath, 535 sq ftAvailable Aug 1Model Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft August 1, 2026 101 535 Unit 101 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Apartment Model: 1 Bedroom A1 Bedroom, 1 Bath, 535 sq ftAvailable August 1, 2026![]()
1 Bedroom A - Floorplan Apartment Unit: 101Apartment Model: 1 Bedroom A1 Bedroom, 1 Bath, 535 sq ftAvailable August 1, 20261 Bedroom C
1 Bed, 1 Bath, 670 sq ftLargest 1 BedroomThis is the largest 1 Bedroom at this PropertyAvailability Details
Availability Date Unit Sq Ft Unavailable 1 Bedroom C 670 sq ft 1 Bedroom B
1 Bed, 1 Bath, 640 sq ftModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit Unavailable 1 Bedroom B 640 sq ft $400 Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Apartment Model: 1 Bedroom B1 Bedroom, 1 Bath, 640 sq ftUnavailable![]()
1 Bedroom B - Floorplan 2 Bedrooms
Show Unavailable Floorplans2 Bedroom B
2 Beds, 1 Bath, 755 sq ftAvailable Jun 1Model Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft View Details June 1, 2026 303 755 June 1, 2026 403 755 Model Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unit 303 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Unit 403 Amenities and Features
Features
- High Speed Internet Access
- Smoke Free
Apartment Model: 2 Bedroom B2 Bedroom, 1 Bath, 755 sq ftAvailable June 1, 2026![]()
2 Bedroom B - Floorplan Apartment Unit: 303Apartment Model: 2 Bedroom B2 Bedroom, 1 Bath, 755 sq ftAvailable June 1, 2026Apartment Unit: 403Apartment Model: 2 Bedroom B2 Bedroom, 1 Bath, 755 sq ftAvailable June 1, 20262 Bedroom C
2 Beds, 1 Bath, 755 sq ftModel Gallery
Floorplans
Availability Details
Availability Date Unit Sq Ft Deposit Unavailable 2 Bedroom C 755 sq ft $400 Apartment Model: 2 Bedroom C2 Bedroom, 1 Bath, 755 sq ftUnavailable![]()
2 Bedroom C - Floorplan 2 Bedroom A
2 Beds, 1 Bath, 740 sq ftAvailability Details
Availability Date Unit Sq Ft Unavailable 2 Bedroom A 740 sq ft 2 Bedroom D
2 Beds, 1 Bath, 800 sq ftLargest 2 BedroomThis is the largest 2 Bedroom at this PropertyAvailability Details
Availability Date Unit Sq Ft Unavailable 2 Bedroom D 800 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
- 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.
Required Fees
One-Time Basics
- Due at Application
- Application Fee (Per Applicant)iCharged per applicant.$50.00
- Pre-Lease DepositiCharged 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.
Parking Fees
- Garage
- Parking FeeiMax of 1. Charged per vehicle.$65.00/mo
- StreetiStreet Parking Available
Comments:
Max of 1. Heated Underground Parking Garage; Call for Availability.
Additional Parking Options
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
Unique Amenities
- Garage Available
Map
940 Franklin Ter, Minneapolis, MN 55406
- Shopping
- Colleges
- Schools
- Grocery
- Medical
- Parks
- Transportation
- Nearby Properties
Map
Hours and Contact Info
Open Now
Currently Closed
By Appointment
| Monday | By Appointment |
| Tuesday | By Appointment |
| Wednesday | By Appointment |
| Thursday | By Appointment |
| Friday | By Appointment |
| Saturday | By Appointment |
| Sunday | Closed |
Points of Interest
Time and distance from Riverside Flats.
Arts Museums and Landmarks
Big Box and Retail
Aldi
1311 E Franklin Ave
3 minute drive / 1.24 miles away
Walgreen's
4547 Hiawatha Ave
5 minute drive / 2.79 miles away
Costco
3311 Broadway St NE
6 minute drive / 2.88 miles away
Colleges and Universities
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
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
Riverside Flats has 5 shopping centers within 1.0 miles.
Transit Stations
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minneapolis Studio Apartments | $1,309 | $640 | $4,609 |
| Minneapolis 1 Bedroom Apartments | $1,633 | $500 | $7,259 |
| Minneapolis 2 Bedroom Apartments | $2,208 | $469 | $10,000+ |
| Minneapolis 3 Bedroom Apartments | $2,632 | $739 | $10,000+ |
| Minneapolis 4 Bedroom Apartments | $2,165 | $649 | $10,000+ |
| Minneapolis 5 Bedroom Apartments | $3,613 | $2,200 | $9,636 |
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Did You Know?
Apartment residents stay an average of 2.5 years in their apartment before moving.
Max of 2.