Skip to content
  • Riverside Flats - Riverside Flats

Riverside Flats

940 Franklin Ter, Minneapolis, MN 55406

Floor Plan Summary
Total Monthly Price Bedrooms Bathrooms
$1,152 - $1,517 1 - 2 1 Bath

First Month Free!

Get your First Month Free when you sign your lease and move-in at Riverside Flats! Conditions apply; select units. Contact us for details!

Pricing and Floor Plans

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

1 Bedroom A

$1,152
1 Bed, 1 Bath
535 Sq. Ft.

Show Floor Plan Details

1 Rental Available
Unit
Total Price
Sq. Ft.
Available
101
$1,152
535
Now

1 Bedroom B

$1,252
1 Bed, 1 Bath
640 Sq. Ft.

Show Floor Plan Details

1 Rental Available
Unit
Total Price
Sq. Ft.
Available
408
$1,252
640
10/1/26

1 Bedroom C

$1,252
1 Bed, 1 Bath
670 Sq. Ft.

Show Floor Plan Details

1 Rental Available
Unit
Total Price
Sq. Ft.
Available
106
$1,252
670
Now

2 Bedroom B

$1,517
2 Beds, 1 Bath
755 Sq. Ft.

Show Floor Plan Details

2 Rentals Available
Unit
Total Price
Sq. Ft.
Available
403
$1,517
755
Now
303
$1,517
755
Now

2 Bedroom D

$1,517
2 Beds, 1 Bath
800 Sq. Ft.

Show Floor Plan Details

2 Rentals Available
Unit
Total Price
Sq. Ft.
Available
401
$1,517
800
Now
201
$1,517
800
10/1/26

2 Bedroom A

$1,492
2 Beds, 1 Bath
740 Sq. Ft.

Show Floor Plan Details

1 Rental Available
Unit
Total Price
Sq. Ft.
Available
310
$1,492
740
9/1/26

2 Bedroom C

$1,492
2 Beds, 1 Bath
755 Sq. Ft.

Show Floor Plan Details

1 Rental Available
Unit
Total Price
Sq. Ft.
Available
205
$1,492
755
Now
* 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.

Details

Lease Term Options

  • 6 mo, 12+ mo

Property Information

  • Built in 1964
  • 37 units / 4 stories

Fees and Policies

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

Utilities & Essentials

  • RUBS_Trash Removal
    $12 / mo
  • Monthly Utility Bill Processing Fee
    $4.95 / mo
  • RUBS_Water/Sewer
    Varies / mo

One-Time Basics

Due at Application

  • Pre-Lease Deposit
    $400
  • Application Fee (Per Applicant)
    $50

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.

Explore Commute Options

Destination Address
  • Drive Time
    --
  • Walk Time
    --
  • Bike Ride Time
    --
  • Public Transit
    --

Property Highlights

  • Balcony in some units
  • Remodeled Units

Apartment Features

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Carpet
  • Ceiling Fans
  • Dishwasher
  • Eat-in Kitchen
  • Freezer
  • Heating
  • High Speed Internet Access

Community Features

  • 24 Hour Access
  • Controlled Access
  • Elevator
  • Garages
  • Laundry Facilities
  • Property Manager on Site
  • Recycling
  • Roof Terrace
  • Utilities Included
  • Walking/Biking Trails

Map of Riverside Flats

Loading...

Area Scores

Walkability

Very walkable80 / 100

Transit

Good public transit70 / 100

Driveability

Moderately drivable70 / 100

Bikeability

Very bikeable80 / 100

Scores provided by

Soundscore

Active68 / 100

Scores provided by
HowLoud

Transit

Subway
4 min Drive
Minneapolis-Saint Paul Metro Transit Light Rail
Commuter Rail
10 min Drive
Commuter Rail
13 min Drive
Amtrak
Airport
Minneapolis-St Paul International/Wold-Chamberlain
19 min Drive
MSP

Moving to Seward, Minneapolis, MN

Shopping Centers

Shoppers will appreciate Riverside Flats proximity to Seward Crossing, Stadium Village, and 2913-2929 S 27th Ave. Seward Crossing is 0.8 miles away, and Stadium Village is within a 21 minute walk.

Commuting

With a TransitScore of 70, Riverside Flats has good public transit, including 10 transit stops within 25.8 miles. Transit options include Franklin Avenue Station and Prospect Park Station.

Parks and Recreation

Recreational activities near Riverside Flats are plentiful. Discover 5 parks within 1.5 miles, including Matthews Park, Riverside Park, and Luxton Park.

Airports

Living in Seward provides easy access to Minneapolis-St Paul International/Wold-Chamberlain, located just 20 minutes from Riverside Flats.

Local Education

Primary and Secondary Schools

6 rating

Metro Schools College Prep

Grades 9-12

Public

undefined rating

Nawayee Center School

Grades 6-12

Private

undefined rating

Second Foundation School

Grades K-12

Private

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

GreatSchools Logo

Colleges and Universities

School

Commute Time (Distance)

Augsburg College

Walk: 14 min (0.7 mi)

North Central University

Drive: 5 min (2 mi)

Univ. of St Thomas, St. Paul

Drive: 7 min (3.5 mi)

University of Minnesota

Drive: 8 min (4 mi)

About Riverside Flats

Riverside Flats is ideally located near the U of M West Bank campus, the Mississippi River, several parks, biking/walking paths, restaurants, local services and so much more! You are minutes from I-94 with easy access to I-35W and I-280. We recently... updated the common areas and offer several amenities you won't find in the neighborhood...elevator, underground parking, laundry on each floor, dishwasher, balcony (optional) and lots of closet space. Come check out your new home!

Riverside Flats is an apartment community in Minneapolis, MN

Riverside Flats Gallery

Find More Rentals in Minneapolis

Find More Rentals Nearby…