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Riverside Flats

940 Franklin Ter, Minneapolis, MN 55406

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

Pricing and Floor Plans

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

1 Bedroom B

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

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2 Rentals Available
Unit
Total Price
Sq. Ft.
Available
411
$1,252
640
6/1/26
309
$1,252
640
7/1/26

1 Bedroom A

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

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1 Rental Available
Unit
Total Price
Sq. Ft.
Available
302
$1,152
535
7/1/26

2 Bedroom C

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

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1 Rental Available
Unit
Total Price
Sq. Ft.
Available
205
$1,492
755
7/1/26

2 Bedroom B

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

Show Floor Plan Details

1 Rental Available
Unit
Total Price
Sq. Ft.
Available
403
$1,517
755
6/1/26
* 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_Water/Sewer
    Varies / mo
  • Monthly Utility Bill Processing Fee
    $4.95 / mo
  • RUBS_Trash Removal
    $12 / mo

One-Time Basics

Due at Application

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

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

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

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Area Scores

Walkability

Very walkable80 / 100

Transit

Good public transit70 / 100

Driveability

Moderately drivable70 / 100

Bikeability

Very bikeable80 / 100

Scores provided by

Transit

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

Moving to Seward, Minneapolis, MN

Shopping Centers

Shoppers will appreciate Riverside Flats proximity to Seward Crossing, Stadium Village, and Minnehaha Center. 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

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Nawayee Center School

Grades 6-12

Private

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Second Foundation School

Grades K-12

Private

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

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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

Kleinman Realty

Contact

Property Address:
940 Franklin Ter,
Minneapolis, MN 55406
Phone Number: (763) 363-5534
More Information:
View Property Website
Office Hours
  • SundayCLOSED
  • MondayBy Appointment Only
  • TuesdayBy Appointment Only
  • WednesdayBy Appointment Only
  • ThursdayBy Appointment Only
  • FridayBy Appointment Only
  • SaturdayBy Appointment Only

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