Riverside Flats

940 Franklin Ter, Minneapolis, MN 55406

Last Updated: 1 Day Ago
Total Monthly Price
$1,112 - $1,517
Bedrooms
1 - 2
Bathrooms
1 Bath
Sq. Ft.
535 - 800 sq ft

First Month FREE! + $500 Gift Card!

Get your First Month Free when you sign your lease and move-in at Riverside Flats! Plus, earn a $500 Gift Card when you apply within 24 hours of your tour! Conditions apply; select units. Contact us for details!

Pricing and Floor Plans

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

1 Bedroom A

$1,112 Total Monthly Price
1 Bed, 1 Bath
535 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Total Price
Sq. Ft.
Available
101
$1,112
535
Now

1 Bedroom C

$1,212 Total Monthly Price
1 Bed, 1 Bath
670 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Total Price
Sq. Ft.
Available
106
$1,212
670
Now

2 Bedroom D

$1,467 - $1,517 Total Monthly Price
2 Beds, 1 Bath
800 Sq. Ft.
Show Floor Plan Details
2 Available Units
Unit
Total Price
Sq. Ft.
Available
401
$1,517
800
Now
201
$1,467
800
Oct. 1

2 Bedroom A

$1,442 Total Monthly Price
2 Beds, 1 Bath
740 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Total Price
Sq. Ft.
Available
310
$1,442
740
Now

2 Bedroom C

$1,442 Total Monthly Price
2 Beds, 1 Bath
755 Sq. Ft.
Show Floor Plan Details
1 Available Unit
Unit
Total Price
Sq. Ft.
Available
205
$1,442
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 units4 stories

Fees & 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

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

Area Scores

Walkability

Very walkable

Transit

Good public transit

Driveability

Moderately drivable

Bikeability

Very bikeable

Scores provided by

Soundscore

Active

Scores provided by

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 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

Not rated

Nawayee Center School

Grades 6-12

Private

GreatSchools rating: 6 out of 10

Metro Schools College Prep

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 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

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