The Station at Malcolm Yards
485 Malcolm Ave SE,
Minneapolis, MN 55414
$1,295 - $2,199 | Studio - 2 Beds
Prospect Park
Minneapolis, MN
Prospect Park - Minneapolis, MN
Area Guide
An ideal location on the Mississippi River
Parks
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Outdoors
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Walkable
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University
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Affordable
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Community
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Riverfront
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Bordering the University of Minnesota and the Mississippi River, Prospect Park is a historic neighborhood featuring a dynamic blend of modern amenities and lush natural beauty in a 1.25-square-mile package. Prospect Park residents enjoy a true community atmosphere fostered by an array of frequent festivals, events, block parties, and a community garden. Locals delight in sweeping views of the Minneapolis skyline at Tower Hill Park, which also boasts the iconic Witch’s Hat water tower. Within its borders, Prospect Park contains TCF Bank Stadium, home of the Minnesota Golden Gophers. The sprawling Surly Brewing Company is located in Prospect Park as well, offering residents access to a beer hall, beer garden, tours, event space, and an upstairs eatery.
University Avenue serves as the neighborhood’s main thoroughfare, touting an array of diverse eateries and shops. In addition to being remarkably walkable, Prospect Park is known for its great access to transportation, including I-94 and the Prospect Park Light Rail Station.
Explore the Neighborhood
Rent Trends
As of December 2024, the average apartment rent in Prospect Park is $1,199 for a studio, $1,501 for one bedroom, $2,017 for two bedrooms, and $3,417 for three bedrooms. Apartment rent in Prospect Park has increased by 4.7% in the past year.
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Studio
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456 sq ft
Average Sq Ft
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$1,199/month
Average Rent
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1 BR
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668 sq ft
Average Sq Ft
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$1,501/month
Average Rent
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2 BR
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1,029 sq ft
Average Sq Ft
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$2,017/month
Average Rent
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3 BR
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433 sq ft
Average Sq Ft
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$3,417/month
Average Rent
Transportation
76
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
61
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
92
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.
Points of Interest
Shopping Centers
Parks and Recreation
- Luxton Park
- Tower Hill Park
- East River Flats Park
- Matthews Park
- Riverside Park
Military Bases
Airports
- Minneapolis-St Paul International/Wold-Chamberlain
Top Apartments in Prospect Park
Houses for Rent in Prospect Park
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