Lakefield Apartments

550 W Lake St, Minneapolis, MN 55408

Last Updated: Today
Total Monthly Price
$1,116 - $2,342
Bedrooms
Studio - 3
Bathrooms
1 - 2
Sq. Ft.
419 - 1,136 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.

Studio (Tier 2)

$1,116 Total Monthly Price
Studio, 1 Bath
419 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Total Price
Sq. Ft.
Available
503
$1,116
419
Now

2 Bedroom (Tier 3)

$1,655 - $1,740 Total Monthly Price
2 Beds, 1 Bath
733 - 734 Sq. Ft.
Show Floor Plan Details
3 Available Units
Unit
Total Price
Sq. Ft.
Available
315
$1,740
734
Oct. 5
410
$1,740
733
Oct. 6
510
$1,655
733
Nov. 5

2 Bedroom (Tier 2)

$1,430 - $1,442 Total Monthly Price
2 Beds, 1 Bath
733 Sq. Ft.
Show Floor Plan Details
3 Available Units
Unit
Total Price
Sq. Ft.
Available
210
$1,430
733
Nov. 5
208
$1,442
733
Nov. 5
310
$1,442
733
Dec. 5

3 Bedroom (Tier 3)

$2,342 Total Monthly Price
3 Beds, 2 Baths
1,122 - 1,136 Sq. Ft.
Show Floor Plan Details
3 Available Units
Unit
Total Price
Sq. Ft.
Available
500
$2,342
1,122
Now
213
$2,342
1,136
Oct. 5
600
$2,342
1,122
Dec. 5
* 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 80 % Income Limit 50 % Income Limit
1 $74,160 $46,350
2 $84,800 $53,000
3 $95,360 $59,600
4 $105,920 $66,200
5 $114,400 $71,500
6 $122,880 $76,800

Details

Lease Term Options

  • 10 - 14 Month Leases

Property Information

  • Built in 2025
  • 110 units7 stories

Fees & Policies

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

Utilities & Essentials

  • Utility - Water
    Included in Rent / mo
  • Utility- Heat
    Included in Rent / mo
  • Utility - Electric
    Varies / mo
  • Cable
    Varies / mo
  • High Speed Internet Access
    Varies / mo

One-Time Basics

Due at Application

  • Application Fee Per Applicant
    $50
  • Security Deposit - Refundable
    $500

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
  • Bike Racks and Storage
  • Black Whirlpool Appliances
  • Central Heating + Air Conditioning
  • Ceramic Tiled Bathrooms
  • Community Room
  • Flex Pay
  • Free Common Area WiFi
  • LED Lighting
  • LVP Flooring
  • Maple Cabinets
  • Online maintenance portal
  • Online Rent Payment
  • Patio/Balcony
  • Vending Machines
  • View

Apartment Features

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Freezer
  • Heating
  • Kitchen
  • Oven
  • Patio
  • Range

Community Features

  • 24 Hour Access
  • Business Center
  • Controlled Access
  • Elevator
  • Fitness Center
  • Garages
  • Income Restricted
  • Laundry Facilities
  • Maintenance on site
  • Online Services

Map of Lakefield Apartments

Area Scores

Walkability

Exceptionally walkable

Transit

Exceptional public transit

Driveability

Very drivable

Bikeability

Exceptionally bikeable

Scores provided by

Soundscore

Busy

Scores provided by

Transit

Commuter Rail

10 min Drive

Airport

Minneapolis-St Paul International/Wold-Chamberlain

21 min Drive

MSP

Moving to East Lyn-Lake, Minneapolis, MN

Shopping Centers

Shoppers will appreciate Lakefield Apartments proximity to Uptown Row, Highland Plaza Shopping Center, and Seven Points Uptown. Uptown Row is 0.6 miles away, and Highland Plaza Shopping Center is within an 11 minute walk.

Commuting

With top-notch public transportation and a TransitScore of 90, East Lyn-Lake is exceptional public transit. Within 22.8 miles of Lakefield Apartments, you’ll find Nicollet Mall Station, Government Plaza Station, and Downtown East/Metrodome Station.

Parks and Recreation

Recreational activities near Lakefield Apartments are plentiful. Discover 5 parks within 1 mile, including Bryant Square Park, Painter Park, and Whittier Park.

Airports

Living in East Lyn-Lake provides easy access to Minneapolis-St Paul International/Wold-Chamberlain, located just 20 minutes from Lakefield Apartments.

Local Education

Primary and Secondary Schools

GreatSchools rating: 2 out of 10

Whittier International

Grades PK-5

Public

Not rated

Andersen Community

Grades PK-8

Public

Not rated

City of Lakes Waldorf School

Grades PK-8

Private

GreatSchools rating: 6 out of 10

South Senior High School

Grades 9-12

Public

Not rated

Cristo Rey Jesuit High School Twin Cities

Grades 9-12

Private

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

GreatSchools

Colleges and Universities

School Commute Time (Distance)
Minneapolis College Drive: 5 min (2 mi)
University of St. Thomas Drive: 7 min (2.4 mi)
North Central University Drive: 7 min (2.6 mi)
Augsburg College Drive: 8 min (4.2 mi)

About Lakefield Apartments

Lakefield Apartments is a brand-new affordable living community in the heart of Lyn-Lake/Uptown, thoughtfully designed for households of all sizes. With spacious apartments and amenities that emphasize comfort and convenience, Lakefield offers an… ideal home for larger households. At Lakefield, there is room to grow and enjoy a vibrant community atmosphere, making it the perfect place to thrive.

Lakefield Apartments is an apartment community in Minneapolis, MN

Contact

Property Address:
550 W Lake St,
Minneapolis, MN 55408
Phone Number: (651) 377-4556
More Information:
View Property Website
Office Hours
  • Sunday Closed
  • Monday 9:00 AM – 5:00 PM
  • Tuesday 9:00 AM – 5:00 PM
  • Wednesday 9:00 AM – 5:00 PM
  • Thursday 9:00 AM – 5:00 PM
  • Friday 9:00 AM – 5:00 PM
  • Saturday Closed
Lakefield Apartments

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Contact This Property

(651) 377-4556

Languages: English

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