Riverside Flats

📍 940 Franklin Ter, Minneapolis, MN 55406

📋 Property Overview

Looking at Riverside Flats in Seward, Minneapolis, Minnesota: 1 bd / 1 ba. The floor plan measures 395 sq ft. Rents run from $845 to $8,460 a month. The unit features dishwasher, bathtub, patio / balcony and carpet. The building offers elevator, pet friendly, on-site laundry and bike storage. It was built in 1964. There are 37 units in total. Pets are allowed. Parking on site includes covered parking. Leases run 12 months. Availability: Available now. With a Walk Score of 73, most errands can be done on foot. Transit Score is 57.

🚶 Getting Around

• Walk Score73/100

  Very Walkable

• Transit Score57/100

  Good Transit

💵 Costs & Lease

Deposit

$360

Lease length

12 months

Units available

52 units

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

📐 Floor Plan Details

• 1 Bedroom C1 bd · 1 ba · 670 sq ft$1,1101 unit available
• 2 Bedroom B2 bd · 1 ba · 755 sq ft$1,3253 units available
• 2 Bedroom A2 bd · 1 ba · 740 sq ft$1,3251 unit available

🧾 Move-in Costs & Lease

Security deposit

$360

Other fees

Monthly $4.95 utility bill fee.

Lease length

12 months

Also available

10, 11 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 2.95x the rent in total household income (before taxes)

📋 Screening Criteria

What this property looks at when reviewing an application.

Evictions on record

Not accepted

🐾 Pets

Pets

Allowed

One-time pet fee

$200

Limit

2 pets

Restrictions

Must be at least 1 year of age and spayed/neutered.

✨ Features & Details

• Pet Friendly
• On-site laundry
• Patio / balcony
• Dishwasher
• Cats allowed
• Garage
• Air conditioning
• Bathtub
• Carpet
• Ceiling fan
• Microwave
• Oven
• Range
• Refrigerator
• Smoke-free units
• Elevator
• Parking
• Bike storage
• CC payments
• E-payments
• Online portal
• Smoke-free community
• 535 sq ft
• 640 sq ft
• 755 sq ft
• 800 sq ft
• 670 sq ft
• 740 sq ft
• 425 sq ft
• 527 sq ft
• 609 sq ft
• 791 sq ft
• 868 sq ft
• 1129 sq ft
• 1046 sq ft
• 0 sq ft
• 395 sq ft
• 566 sq ft
• 618 sq ft
• 584 sq ft
• 872 sq ft
• 731 sq ft
• 739 sq ft
• 1054 sq ft

📊 Property Facts

Walk Score

73 · Very Walkable

Transit Score

57 · Good Transit

🚗 Parking

• Covered parking · assigned · $65

🏡 Floor Plans