Flats at Malcolm Yards

505 SE Malcolm Ave, Minneapolis, MN 55414

Last Updated: Today
(4)
Total Monthly Price
$1,206 - $1,740
12 Month Lease
Bedrooms
1 - 2
Bathrooms
1 Bath
Sq. Ft.
622 - 890 sq ft

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Please contact our team for our current leasing specials!

Pricing and Floor Plans

Cost Calculator: Estimate your monthly and one-time fees.

1 Bedroom (511B360, 511B360b)

$1,455 Total Monthly Price
1 Bed, 1 Bath
622 Sq. Ft.
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1 Available Unit
Unit
Total Price
Sq. Ft.
Available
624
$1,455
622
Oct. 5

1 Bedroom (511B350, 511B350A, 511B350H/L)

$1,206 Total Monthly Price
1 Bed, 1 Bath
622 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Total Price
Sq. Ft.
Available
208
$1,206
622
Nov. 5

1 Bedroom (511B150, 511B150H)

$1,206 Total Monthly Price
1 Bed, 1 Bath
622 Sq. Ft.
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Available Soon

1 Bedroom (511B550, 511B550b)

$1,206 Total Monthly Price
1 Bed, 1 Bath
630 Sq. Ft.
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Available Soon

1 Bedroom (511B450)

$1,206 Total Monthly Price
1 Bed, 1 Bath
660 Sq. Ft.
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Available Soon

1 Bedroom (511B460)

$1,455 Total Monthly Price
1 Bed, 1 Bath
660 Sq. Ft.
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Available Soon

1 Bedroom (511B560b)

$1,455 Total Monthly Price
1 Bed, 1 Bath
630 Sq. Ft.
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Available Soon

2 Bedroom (511C560b)

$1,740 Total Monthly Price
2 Beds, 1 Bath
808 Sq. Ft.
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2 Available Units
Unit
Total Price
Sq. Ft.
Available
317
$1,740
808
Sep. 30
517
$1,740
808
Nov. 5

2 Bedroom (511C460, 511C460b)

$1,740 Total Monthly Price
2 Beds, 1 Bath
886 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Total Price
Sq. Ft.
Available
503
$1,740
886
Now

2 Bedroom (511C250)

$1,325 Total Monthly Price
2 Beds, 1 Bath
834 Sq. Ft.
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Available Soon

2 Bedroom (511C450)

$1,325 Total Monthly Price
2 Beds, 1 Bath
886 Sq. Ft.
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Available Soon

2 Bedroom (511C360A, 511C360b)

$1,740 Total Monthly Price
2 Beds, 1 Bath
890 Sq. Ft.
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Available Soon
* Price shown is total price based on community-supplied monthly required fees. 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. * Square footage definitions vary. Displayed square footage is approximate.

Income Restrictions

Income restrictions apply to some or all residents. Contact the community for more information.

How To Qualify

Based on the size of your household, your Maximum Annual Income must be equal to or less than the amount listed in this chart.

# of Persons 30 % Income Limit 50 % Income Limit 60 % Income Limit
1 $27,810 $46,350 $55,620
2 $31,800 $53,000 $63,600
3 $35,760 $59,600 $71,520
4 $39,720 $66,200 $79,440
5 $42,900 $71,500 $85,800
6 $46,080 $76,800 $92,160

Details

Lease Term Options

  • 12 mo

Property Information

  • Built in 2023
  • 143 units6 stories

Fees & Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Utilities & Essentials

  • Utility - Billing Administrative Fee
    $4.25 / mo
  • Utility - Gas
    Included in Rent / mo
  • Utility - Water
    Included in Rent / mo
  • Utility - Sewer
    Included in Rent / mo
  • Utility- Trash
    Included in Rent / mo

One-Time Basics

Due at Application

  • Application Fee Per Applicant
    $50

Due at Move-In

  • Security Deposit - Refundable
    Varies one-time

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.

Matterport 3D Tours

Explore Commute Options

Drive Time
Walk Time
Bike Ride Time
Public Transit

Property Highlights

  • 24-hour maintenance
  • Accessible Apartments
  • Amazing Location
  • BBQ/Picnic Area
  • Carpeting
  • Central Air Conditioning
  • CoWorking Space
  • Efficient Appliances
  • Electronic Thermostat
  • EV Charging Stations
  • Extra Storage
  • Flex Pay
  • Free Amenity WiFi
  • Large Closets
  • Online maintenance portal
  • Online Rent Payment
  • Patio/Balcony
  • Pet Friendly (no breed or size restrictions)
  • Spanish Speaking Staff
  • Stainless Appliances

Apartment Features

  • Air Conditioning
  • Balcony
  • Ceiling Fans
  • Den
  • Dishwasher
  • Disposal
  • Eat-in Kitchen
  • Freezer
  • Granite Countertops
  • Hardwood Floors

Community Features

  • 24 Hour Access
  • Bicycle Storage
  • Business Center
  • Car Charging Station
  • Clubhouse
  • Controlled Access
  • Elevator
  • Fitness Center
  • Garages
  • Grill

Map of Flats at Malcolm Yards

Area Scores

Walkability

Fairly walkable

Transit

Good public transit

Driveability

Exceptionally drivable

Bikeability

Moderately bikeable

Scores provided by

Soundscore

Active

Scores provided by

Transit

Subway

1 min Drive

Subway

2 min Drive

Subway

3 min Drive

Subway

2 min Drive

Commuter Rail

13 min Drive

Commuter Rail

12 min Drive

Amtrak

Airport

Minneapolis-St Paul International/Wold-Chamberlain

20 min Drive

MSP

Moving to Prospect Park, Minneapolis, MN

Shopping Centers

Shoppers will appreciate Flats at Malcolm Yards proximity to Stadium Village, Park Crossing, and Dinkytown Center. Stadium Village is 1 mile away, and Park Crossing is within an 18 minute walk.

Commuting

With a TransitScore of 60, Flats at Malcolm Yards has good public transit, including 10 transit stops within 24.3 miles. Transit options include Prospect Park Station and Westgate Station.

Parks and Recreation

Recreational activities near Flats at Malcolm Yards are plentiful. Discover 5 parks within 2 miles, including Tower Hill Park, Luxton Park, and Bell Museum of Natural History.

Airports

Living in Prospect Park provides easy access to Minneapolis-St Paul International/Wold-Chamberlain, located just 21 minutes from Flats at Malcolm Yards.

Local Education

Primary and Secondary Schools

GreatSchools rating: 2 out of 10

Pratt Elementary School

Grades PK-5

Public

Not rated

Miniapple International Montessori School

Grades PK-5

Private

GreatSchools rating: 2 out of 10

Northeast Middle School

Grades 6-8

Public

GreatSchools rating: 4 out of 10

Edison Senior High School

Grades 9-12

Public

GreatSchools rating: 3 out of 10

Venture Academy

Grades 9-12

Public

GreatSchools rating: 2 out of 10

Jennings Experiential High School

Grades 6-12

Public

Not rated

Second Foundation School

Grades K-12

Private

Data provided by GreatSchools.org © 2026. All rights reserved.

GreatSchools

Colleges and Universities

School Commute Time (Distance)
Augsburg College Drive: 6 min (2.1 mi)
University of Minnesota Drive: 7 min (2.4 mi)
Univ. of St Thomas, St. Paul Drive: 7 min (2.8 mi)
Univ. of Minnesota, Saint Paul Drive: 9 min (3.1 mi)

About Flats at Malcolm Yards

The Flats are Prospect Park's newest income qualified apartments. Explore modern, pet-friendly, living spaces and functional amenity spaces designed to enhance your everyday. Amenities include a Sky Lounge, Fitness Center, Underground Heated Parking,… Work-from-Home Stations, Common Area WIFI, and more.

Flats at Malcolm Yards is an apartment community in Minneapolis, MN

Contact

Property Address:
505 SE Malcolm Ave,
Minneapolis, MN 55414
Phone Number: (651) 661-3393
More Information:
View Property Website
Office Hours
  • Sunday Closed
  • Monday 12:00 PM – 5:00 PM
  • Tuesday 9:00 AM – 5:00 PM
  • Wednesday Closed
  • Thursday 9:00 AM – 5:00 PM
  • Friday 9:00 AM – 12:00 PM
  • Saturday Closed
Flats at Malcolm Yards

Renter Reviews

For Flats at Malcolm Yards

3.3

4 Ratings & Reviews

  • 8/11/26

    AMAZING PLACE!!

    I enjoyed how lovely and well managed this place is! There is no other flat I would rather be at. Every day, I am loving my view on the 2nd floor.

    Review from Apartments.com

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Contact This Property

(651) 661-3393
Tour Options: In-Person, Self Guided, Video

Languages: English, Spanish

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