Lakefield Apartments

📍 550 West Lake Street, Minneapolis, MN 55408

📋 Property Overview

Lakefield Apartments, in Lyndale, Minneapolis, Minnesota, has Studio - 3 bd / 1 ba. Interior space is 419 sq ft. Monthly rent ranges $890-$1,870. The unit features patio / balcony, air conditioning, range and oven. On site there is pet friendly, on-site laundry, clubhouse and garage. Pets are allowed (cats and dogs), with pet rent of $500. Parking on site includes garage. The standard lease term is 10 months. Availability: Available now. Included in the rent: sewer, gas, water and trash. The Walk Score here is 95, meaning most errands can be done on foot. Transit Score is 65. That is 46% below the local median of $1,650.

🚶 Getting Around

• Walk Score95/100

  Walker's Paradise

• Transit Score65/100

  Good Transit

💵 Costs & Lease

Deposit

A $500 holding fee/deposit will be due to hold your apartment, with the rest of the deposit due at move-in.

Lease length

10 months

Units available

9 units

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

📐 Floor Plan Details

• 2 Bedroom (Tier 2)2 bd · 1 ba · 727 sq ft$1,1352 units available
• 3 Bedroom (Tier 2)3 bd · 2 ba · 1,056 sq ftNone available right now
• 3 Bedroom (Tier 3)3 bd · 2 ba · 1,060 sq ft$1,8702 units available
• 2 Bedroom (Tier 3)2 bd · 1 ba · 733 sq ft$1,3202 units available
• Studio (Tier 2)Studio · 1 ba · 419 sq ft$8903 units available
• 4 Bedroom (Tier 3)4 bd · 2 ba · 1,232 sq ftNone available right now
• Studio (Tier 3)Studio · 1 ba · 419 sq ftNone available right now
• 4 Bedroom (Tier 1)4 bd · 2 ba · 1,219 sq ftNone available right now

🧾 Move-in Costs & Lease

Security deposit

A $500 holding fee/deposit will be due to hold your apartment, with the rest of the deposit due at move-in.

Lease length

10 months

Lease options

Flexible

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.

💡 Utilities Included

• Sewer
• Trash
• Water
• Gas

✅ Who Qualifies

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

🐾 Pets

Pets

Allowed

Types

Cats, Dogs

Pet deposit

$500

Restrictions

Pet friendly with select breed restrictions.

✨ Features & Details

• Pet Friendly
• On-site laundry
• Patio / balcony
• Dishwasher
• 24hr maintenance
• Garage
• Air conditioning
• Oven
• Range
• Refrigerator
• Business center
• Clubhouse
• Elevator
• Gym
• Parking
• Playground
• Bike storage
• Internet access
• Online portal
• Package receiving
• Cats allowed
• Dogs allowed
• Game room
• Accessible
• Accepts section 8
• 733 sq ft
• 727 sq ft
• 1136 sq ft
• 1122 sq ft
• 734 sq ft
• 421 sq ft
• 419 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 · 0.5 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 · 1.4 mi
• Kenwood Elementary School · K-54/10 · 1.4 mi
• Andersen Community · PK-83/10 · 1.4 mi

🏡 Floor Plans

210

733 sq ft · 10 mo

Nov 5, 2026

$1,135

110

727 sq ft · 10 mo

Available now

$1,140

213

1,136 sq ft · 10 mo

Oct 5, 2026

$1,870

500

1,122 sq ft · 10 mo

Available now

$1,870

608

733 sq ft · 10 mo

Available now

$1,320

315

734 sq ft · 10 mo

Oct 5, 2026

$1,390