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Updated 4 hours ago

Lago Apartments

VERIFIED

500 W Lake St Minneapolis, MN

4.6 5 reviews
1 - 2 Bed
•
1 Bath

522 - 785 Sq. Ft.

Available Now
Studio • 1 Bath
$999 - $1,258
392 ft2
0 Available
Unit 403
$1,065
Rented
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Unit 203
$1,258
Rented
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Unit 603
$1,095
Rented
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Unit 503
$1,065
Rented
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Unit 703
$999
Rented
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Unit 303
$999
Rented
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Studio • 1 Bath
$1,175
485 ft2
0 Available
Unit 220
$1,175
Rented
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Studio • 1 Bath
$999 - $1,190
393 ft2
0 Available
Unit 329
$1,090
Rented
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Unit 627
$1,105
Rented
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Unit 227
$1,190
Rented
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Unit 327
$1,090
Rented
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Unit 729
$1,099
Rented
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Unit 629
$1,105
Rented
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229-HC
$1,100
Rented
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Unit 427
$1,095
Rented
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Unit 727
$999
Rented
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Unit 429
$999
Rented
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Studio • 1 Bath
$1,258
462 ft2
0 Available
Unit 215
$1,258
Rented
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1 Bed • 1 Bath
$1,299 - $1,346
582 ft2
3 Available
Unit 604
$1,346
Available Now
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Unit 308
$1,299
Available Dec 9th, 2024
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Unit 404
$1,346
Available Dec 16th, 2024
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View Rented Units
1 Bed • 1 Bath
$1,399
654 ft2
1 Available
Unit 717
$1,399
Available Dec 9th, 2024
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1 Bed • 1 Bath
$1,499
522 ft2
1 Available
Unit 708
$1,499
Available Dec 9th, 2024
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2 Beds • 1 Bath
$1,603 - $1,885
785 ft2
3 Available
Unit 202
$1,603
Available Jan 8th, 2025
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Unit 301
$1,603
Available Jan 8th, 2025
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Unit 430
$1,885
Available Feb 10th, 2025
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Where you'll live
Street View
Map View
Satellite View
Location ratings
Walk Score®
93
Walker's Paradise
Transit Score®
60
Good Transit
Bike Score®
98
Biker's Paradise
Amenities
Fitness Center
Storage
On Bus Line
Quartz Countertops
Quartz Countertops
Professional On-site Management
Stainless Appliances
Rec Room
Sun Deck
Near Grocery Store
Business Center
Package Receiving
Elevator
Cable-ready
Living Room
Balcony, Deck, Patio
Dishwasher
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Pet Fee: $200.00
Pet Rent: $25.00
Number Limit:

2 pets maximum

Breed Restrictions:

Breed restrictions apply

Parking
Covered Parking
Off-street Parking
Lease & Fees
Lease Length:

12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24

Application Fee:

$50

Other:

$4.00 utility service fee

Property details
Description

Set in a prime location, the Lago is surrounded by multiple vibrant and colorful neighborhoods. Explore local boutiques and shops in trendy Uptown; go on a dumpling crawl and taste your way through Whittiers ethnically-diverse Eat Street; or, get together with friends for an unforgettable night at LynLakes famous Bryant Lake Bowl.

Additional Details
Income Restrictions: We generally require 2x the rent in verifiable income.
Total Unit Count: 132
Last Updated: Updated 4 hours ago
Contact Number: (612) 441-3739
Property manager information
Halverson and Blaiser Group, LTD
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Office Hours
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: 10:00 AM - 4:00 PM
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Reviews
Lago Apartments
4.6
5 reviews
-Takes two weeks for any trash to be thrown out. -Ghetto people are moving in therefore their activities are coming with them. -Someones Blood...
Read More
Construction is well underway on these new apartments on Lake Street in Uptown, Minneapolis. Opening April 2022, but the leasing office is right next door and just opened.
Looking at the variety of floor plans, the amenities, and the location on The Lago Apartments website. These apartments won't disappoint! Looking forward to...
Read More
New apartment homes in Uptown!! Great location, great in unit amenities!
New apartments set to open soon in a great location! Just steps away from public transportation, bars, restaurants and more!
Photos Floor Plans Amenities Reviews
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Lago Apartments by bedroom type below.
1 Bedroom
Suggested income:
$49,600
per year
2 Bedroom
Suggested income:
$61,100
per year
Rent report

Lago Apartments Rent vs. Minneapolis Average

 Lago Apartments      Minneapolis Average
1BR
$1,378
$1,379
$0
$450
$900
$1,350
$1,800
2BR
$1,697
$2,089
$0
$700
$1,400
$2,100
$2,800

Lago Apartments is asking 0% less than the average 1 bedroom apartment in Minneapolis.

If you upsized to an average priced Minneapolis 2 bedroom apartment, you would pay 34% more per month.

If you downsized to an average priced Minneapolis studio apartment, you would pay 23% less per month.

Lago Apartments provides 9% less square footage than the average Minneapolis 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lago Apartments
1BR $1,378 $2.40 $4,133
2BR $1,697 $2.20 $5,091
Minneapolis Average
Studio $1,123 $2.50 $3,368
1BR $1,379 $2.10 $4,136
2BR $2,089 $2.00 $6,267
3BR $2,189 $1.70 $6,566
4BR $2,336 $1.70 $7,008

Availability in Minneapolis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,841 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
17% 45% 26% 6% 4%
Available Units in Minneapolis
Studio 681
1BR 1,841
2BR 1,067
3BR 260
4BR 147
Location
Nearby Colleges
Campus Buildings and Attractions
Distance Walking Biking Driving
Loring Park 1.8 mi 34 min 13 min 4 min
Whitney Fine Arts Theatre 1.9 mi 37 min 12 min 4 min
Helland Center 1.9 mi 37 min 13 min 4 min
Management Education Center 2.0 mi 39 min 12 min 4 min
Nearby Hospitals
Name Distance
Abbott Northwestern Hospital 1.25 mi.
Childrens Hosp & Clinics Minne 1.29 mi.
Phillips Eye Institute 1.3 mi.
Nearby Fire Stations
Name Distance
Lowry Fire Department 1.29 mi.
Metropolitan Airports Commission 1.61 mi.
Minneapolis Fire Department 1.61 mi.
FAQs
Is this property currently leasing units?
Yes. There are 8 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 7 units available for move-in over the next 2 months. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 522 to 785 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,299 to $1,603. Lago Apartments has 1 bedroom units available starting at $1,299 and 2 bedroom units available starting at $1,603.
Where is this property located?
This property is at 500 W Lake St in Minneapolis, MN. It's 2.6 miles southwest from the center of Minneapolis.
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