Lago Apartments

📍 500 W Lake Street, Minneapolis, MN 55408

📋 Property Overview

This home in Lyn Lake, Minneapolis, Minnesota comes with Studio - 2 bd, 1 ba. The floor plan measures 392 sq ft. Rents run from $955 to $1,720 a month. The unit features microwave, stainless steel, dishwasher and walk in closets. On site there is 24hr gym, pet friendly, elevator and green community. Pets are allowed. Parking on site includes garage. Leases run 12 months. Availability: Available now. With a Walk Score of 95, most errands can be done on foot. Transit Score is 65. Rent sits 42% below the area median ($1,650).

🚶 Getting Around

• Walk Score95/100

  Walker's Paradise

• Transit Score65/100

  Good Transit

💵 Costs & Lease

Deposit

$240

Lease length

12 months

Units available

16 units

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

• The Lyndale (Walk-Out/1 BR)1 bd · 1 ba · 668 sq ftNone available right now
• The Whittier (1 Bedroom)1 bd · 1 ba · 507 sq ft$1,1152 units available
• The Harriet (Studio)Studio · 1 ba · 392 sq ft$9556 units available
• The Garfield (1 Bedroom Alcove)1 bd · 1 ba · 488 sq ft$1,0357 units available
• The Lyn-Lake (2 Bedroom)2 bd · 1 ba · 714 sq ft$1,7201 unit available

🧾 Move-in Costs & Lease

Security deposit

$240

Other fees

$4.00 utility service fee

Lease length

12 months

Lease options

12+ months

Available

Available now

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what Minnesota renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 473,453 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

✅ Who Qualifies

Must have 2.5x the rent in total household income (before taxes)

🐾 Pets

Pets

Allowed

Limit

2 pets

Restrictions

Dog breed restrictions apply.

✨ Features & Details

• Pet Friendly
• In unit laundry
• Patio / balcony
• Granite counters
• Hardwood floors
• Dishwasher
• Air conditioning
• Ceiling fan
• Extra storage
• Oven
• Range
• Refrigerator
• Stainless steel
• Bathtub
• Carpet
• Garbage disposal
• Microwave
• Smoke-free units
• Walk in closets
• Business center
• Clubhouse
• Elevator
• 24hr gym
• Parking
• 24hr maintenance
• Garage
• Online portal
• Package receiving
• Accessible
• Cats allowed
• Dogs allowed
• Bbq/grill
• Bike storage
• Car charging
• Car wash area
• CC payments
• Coffee bar
• Conference room
• Dog grooming area
• Dog park
• E-payments
• Fire pit
• Green community
• Internet access
• Internet cafe
• Key fob access
• Lobby
• Smoke-free community
• 507 sq ft
• 393 sq ft
• 392 sq ft
• 488 sq ft
• 785 sq ft

📊 Property Facts

Walk Score

95 · Walker's Paradise

Transit Score

65 · Good Transit

🚗 Parking

• Garage

🎓 Nearby Schools

• Whittier International · PK-52/10 · 0.4 mi
• Lyndale Elementary School · PK-54/10 · 0.6 mi
• Jefferson Elementary School · PK-83/10 · 0.6 mi
• Green Central Park Elementary School · PK-82/10 · 1.0 mi
• Hennepin Elementary School · K-63/10 · 1.1 mi
• Augsburg Fairview Academy · 9-121/10 · 1.2 mi
• Wellstone International High School · 9-121/10 · 1.3 mi
• Emerson Elementary School · PK-54/10 · 1.3 mi
• Andersen Community · PK-83/10 · 1.4 mi
• Kenwood Elementary School · K-54/10 · 1.4 mi

🏡 Floor Plans

506

507 sq ft · 12 mo

Available now

$1,115

624

507 sq ft · 12 mo

Nov 9, 2026

$1,175

427

393 sq ft · 12 mo

Available now

$955

729

393 sq ft · 12 mo

Available now

$955

229-HC

393 sq ft · 12 mo

Available now

$955

303

392 sq ft · 12 mo

Nov 9, 2026

$955