Lago Apartments
500 W Lake St,
Minneapolis, MN 55408
$1,099 - $1,899 | 1-2 Beds
Presenting a blend of historic charm, eco-friendly living and chic entertainment, Lyndale creates an ideal environment for residents with a taste for culture. Artists flock to this neighborhood for its close proximity to galleries, studios and theaters, and a treasure trove of affordable apartments attracts residents from all walks of life. When you see a flurry of shoppers, hipsters, avid bikers and painters after walking just one block, you realize that Lyndale's culture has a flavor all its own.
Situated in south Minneapolis against Interstate 35W just south of Whittier, Lyndale lies just minutes from some of the hottest shopping, nightlife and entertainment in the state. Plus, you can't beat being able to walk out your door to grab some whole-grain bread and organic milk down the street. Whether you come for the low-cost studio apartments or the trendy atmosphere, get hooked on Lyndale after the first bite of yucca fries at Hola Arepa.
As of March 2025, the average apartment rent in Lyndale is $917 for a studio, $1,054 for one bedroom, $1,598 for two bedrooms, and $1,881 for three bedrooms. Apartment rent in Lyndale has decreased by -0.3% in the past year.
Studio
734 sq ft
Average Sq Ft
$917/month
Average Rent
1 BR
644 sq ft
Average Sq Ft
$1,054/month
Average Rent
2 BR
886 sq ft
Average Sq Ft
$1,598/month
Average Rent
3 BR
1,050 sq ft
Average Sq Ft
$1,881/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
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.
Current Resident
6 years and 7 months ago•Niche Review
I love being in a diverse community. The neighborhood has lots of business and things to do with my kid. Only downside is with all the constuction traffic is congested and sometimes even dangerous for walker.
Niche User
9 years and 9 months ago•Niche Review
There are a good amount of opportunities for people who want to work in the restaurant industry, but as someone trying to get out of that area, it can be hard to find a job. I am looking towards working in the art field, namely around history and education, and I cannot find a paying job in my field at all. There are a lot of unpaid internships, but it can be hard to slave away at an internship while going to school full time and still find money to pay the bills. In addition, flexible retail jobs only start at minimum wage, which is very hard to live off of.
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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.