240 Park Avenue
240 Park Ave,
Minneapolis, MN 55415
$1,550 - $7,295 | 1-3 Beds
Known for its towering office buildings and vibrant cultural scene, Downtown is one of the most successfully revitalized areas in Minneapolis. With its central urban location, Downtown draws an intriguing mix of residents looking to live in the middle of the action.
Driving through Downtown, you might be surprised at the lack of people on the streets, but don't be fooled -- the buildings link together by a unique system of skyways that enable residents to walk comfortably, even during the legendary Minneapolis winters. During the warmer months, residents of Downtown enjoy living within walking distance of entertainment centers such as Target Field and the Nicollet Mall. Bordered by the historic Mill District, Downtown East, North Loop and the Mississippi River, the neighborhood offers quick access to the city's most lively neighborhoods.
As of April 2025, the average apartment rent in Downtown East is $1,393 for a studio, $1,966 for one bedroom, $3,055 for two bedrooms, and $4,883 for three bedrooms. Apartment rent in Downtown East has decreased by -0.8% in the past year.
Studio
510 sq ft
Average Sq Ft
$1,393/month
Average Rent
1 BR
728 sq ft
Average Sq Ft
$1,966/month
Average Rent
2 BR
1,199 sq ft
Average Sq Ft
$3,055/month
Average Rent
3 BR
1,912 sq ft
Average Sq Ft
$4,883/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.