The Flats at Malcolm Yards

📍 505 Malcolm Avenue SE, Minneapolis, MN 55414

📋 Property Overview

Looking at The Flats at Malcolm Yards in Prospect Park, Minneapolis, Minnesota: 1 bd, 1 ba. The floor plan measures 613 sq ft. Monthly rent ranges $1,080-$1,560. Features in the home include dishwasher, range, air conditioning and extra storage. The building offers elevator, on-site laundry, package receiving and parking. Pets are allowed (cats and dogs), with pet rent of $500. Residents have access to garage and garage. The standard lease term is 12 months. Availability: Available now. Included in the rent: trash, gas, sewer and water. The Walk Score here is 72, meaning most errands can be done on foot. Transit Score is 61. That is 35% below the local median of $1,650.

🚶 Getting Around

• Walk Score72/100

  Very Walkable

• Transit Score61/100

  Good Transit

💵 Costs & Lease

Deposit

1 month's rent

Lease length

12 months

Units available

5 units

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

📐 Floor Plan Details

• 1 Bedroom (511B150, 511B150H)1 bd · 1 ba · 622 sq ft$1,0801 unit available
• 1 Bedroom (511B360, 511B360b)1 bd · 1 ba · 622 sq ft$1,3051 unit available
• 1 Bedroom (511B550, 511B550b)1 bd · 1 ba · 630 sq ftNone available right now
• 1 Bedroom (511B350, 511B350A, 511B350H/L)1 bd · 1 ba · 613 sq ft$1,0801 unit available
• 1 Bedroom (511B450)1 bd · 1 ba · 660 sq ftNone available right now
• 1 Bedroom (511B560b)1 bd · 1 ba · 630 sq ftNone available right now
• 1 Bedroom (511B460)1 bd · 1 ba · 660 sq ftNone available right now
• 2 Bedroom (511C250)2 bd · 1 ba · 834 sq ftNone available right now
• 2 Bedroom (511C360A, 511C360b)2 bd · 1 ba · 890 sq ftNone available right now
• 2 Bedroom (511C450)2 bd · 1 ba · 886 sq ftNone available right now
• 2 Bedroom (511C460, 511C460b)2 bd · 1 ba · 886 sq ft$1,5601 unit available
• 2 Bedroom (511C560b)2 bd · 1 ba · 808 sq ft$1,5601 unit available

🧾 Move-in Costs & Lease

Security deposit

1 month's rent

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.

💡 Utilities Included

• Gas
• Water
• Trash
• Sewer
• Hot Water

✅ Who Qualifies

Must have 2x the rent in total household income (before taxes)

📋 Screening Criteria

What this property looks at when reviewing an application.

Occupancy

Affordable Housing

🐾 Pets

Pets

Allowed

Types

Cats, Dogs

Pet deposit

$500

Limit

2 pets

✨ Features & Details

• Pet Friendly
• On-site laundry
• Patio / balcony
• Dishwasher
• 24hr maintenance
• Garage
• Air conditioning
• Carpet
• Extra storage
• Oven
• Range
• Refrigerator
• Stainless steel
• Walk in closets
• Accessible
• Business center
• Clubhouse
• Elevator
• Gym
• Parking
• Bbq/grill
• Bike storage
• Internet access
• Online portal
• Package receiving
• Cats allowed
• Dogs allowed
• Car charging
• Conference room
• Dog grooming area
• E-payments
• Smoke-free community
• 622 sq ft
• 613 sq ft
• 886 sq ft
• 808 sq ft

📊 Property Facts

Walk Score

72 · Very Walkable

Transit Score

61 · Good Transit

🚗 Parking

• Garage · $75
• Garage

🎓 Nearby Schools

• Pratt Elementary School · PK-52/10 · 0.3 mi
• Avalon School · 9-126/10 · 1.0 mi
• St. Anthony Park Elementary School · K-66/10 · 1.1 mi
• Minnesota Online High School · 9-124/10 · 1.1 mi
• Murray Middle School · 6-83/10 · 1.2 mi
• Seward Elementary School · K-84/10 · 1.3 mi
• Mts Pease Academy · 9-123/10 · 1.4 mi
• Anishinabe Academy · PK-81/10 · 1.6 mi
• Sullivan Elementary School · PK-83/10 · 1.6 mi
• Metro Schools College Prep · 9-122/10 · 1.7 mi

🏡 Floor Plans

109

622 sq ft · 12 mo

Available now

$1,080

420

622 sq ft · 12 mo

Available now

$1,305

205

613 sq ft · 12 mo

Available now

$1,080

503

886 sq ft · 12 mo

Available now

$1,560

317

808 sq ft · 12 mo

Sep 25, 2026

$1,560