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Updated 3 hours ago

Lago Apartments

VERIFIED

500 W Lake St Minneapolis, MN

4.6 5 reviews
Studio - 2 Bed
•
1 Bath

393 - 858 Sq. Ft.

Available starting Jan. 8th
Studio • 1 Bath
$999
393 ft2
1 Available
Unit 729
$999
Available Jan 8th, 2025
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1 Bed • 1 Bath
$1,299
582 ft2
1 Available
Unit 404
$1,299
Available Jan 8th, 2025
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2 Beds • 1 Bath
$1,885
785 ft2
3 Available
Unit 202
$1,885
Available Jan 8th, 2025
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Unit 402
$1,885
Available Jan 8th, 2025
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Unit 430
$1,885
Available Feb 10th, 2025
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2 Beds • 1 Bath
$1,899
858 ft2
1 Available
Unit 622
$1,899
Available Mar 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 3 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.
Studio
Suggested income:
$36,000
per year
1 Bedroom
Suggested income:
$46,800
per year
2 Bedroom
Suggested income:
$68,000
per year
Rent report

Lago Apartments Rent vs. Minneapolis Average

 Lago Apartments      Minneapolis Average
Studio
$999
$1,156
$0
$400
$800
$1,200
$1,600
1BR
$1,299
$1,379
$0
$450
$900
$1,350
$1,800
2BR
$1,889
$2,027
$0
$700
$1,400
$2,100
$2,800

Lago Apartments is asking 14% less than the average studio apartment in Minneapolis.

If you upsized to an average priced Minneapolis 1 bedroom apartment, you would pay 16% more per month.

Lago Apartments provides 14% less square footage than the average Minneapolis studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Lago Apartments
Studio $999 $2.50 $2,997
1BR $1,299 $2.20 $3,897
2BR $1,889 $2.40 $5,666
Minneapolis Average
Studio $1,156 $2.50 $3,467
1BR $1,379 $2.10 $4,137
2BR $2,027 $2.00 $6,081
3BR $2,126 $1.70 $6,378
4BR $2,424 $1.60 $7,272

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 1,765 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% 46% 27% 6% 3%
Available Units in Minneapolis
Studio 652
1BR 1,765
2BR 1,029
3BR 240
4BR 109
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 6 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 5 units available for move-in over the next 2 months. The soonest move-in date is January 08, 2025.
What's the square footage of the available units?
The available units range from 393 to 858 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 studio, 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 $999 to $1,885. Lago Apartments has studio units available starting at $999, 1 bedroom units available starting at $1,299, and 2 bedroom units available starting at $1,885.
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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