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Total Monthly Price
$1,071 - $1,739
12 Month Lease
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Bedrooms
1 - 2 bd
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Bathrooms
1 ba
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Square Feet
613 - 890 sq ft
Highlights
- Bike-Friendly Area
- English and Spanish Speaking Staff
- Walk To Campus
- Roof Terrace
- Den
- Pet Washing Station
- Walk-In Closets
- Pet Play Area
- Controlled Access
Pricing & Floor Plans
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Unit 118price $1,205square feet 622availibility Now
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Unit 616price $1,454square feet 622availibility Now
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Unit 505price $1,454square feet 613availibility Jan 18, 2026
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Unit 426price $1,454square feet 630availibility Now
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Unit 618price $1,205square feet 622availibility Jan 5, 2026
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Unit 118price $1,205square feet 622availibility Now
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Unit 616price $1,454square feet 622availibility Now
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Unit 505price $1,454square feet 613availibility Jan 18, 2026
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Unit 426price $1,454square feet 630availibility Now
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Unit 618price $1,205square feet 622availibility Jan 5, 2026
Fees and Policies
The fees below are based on community-supplied data and may exclude additional fees and utilities. Use the Cost Calculator to add these fees to the base price.
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Utilities & Essentials
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Utility - Billing Administrative FeeCharged per unit.$4.25 / mo
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Utility - GasCharged per unit.Included in Rent
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Utility - WaterCharged per unit.Included in Rent
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Utility - SewerCharged per unit.Included in Rent
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Utility- TrashCharged per unit.Included in Rent
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Utility - ElectricCharged per unit. Payable to 3rd PartyVaries
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CableCharged per unit. Payable to 3rd PartyVaries
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High Speed Internet AccessCharged per unit. Payable to 3rd PartyVaries
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One-Time Basics
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Due at Application
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Application Fee Per ApplicantCharged per applicant.$50
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Due at Move-In
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Security Deposit - Refundable1 month's rent Charged per unit.Varies
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Due at Application
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Garage Lot
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Utilities Included
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Gas
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Water
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Heat
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Trash Removal
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Sewer
Lease Options
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12 mo
Property Information
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Built in 2023
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143 units/6 stories
Matterport 3D Tours
About Flats at Malcolm Yards
The Flats are Prospect Park's newest income qualified apartments. Explore modern, pet-friendly, living spaces and functional amenity spaces designed to enhance your everyday. Amenities include a Sky Lounge, Fitness Center, Underground Heated Parking, Work-from-Home Stations, Common Area WIFI, and more.
Flats at Malcolm Yards is an apartment community located in Hennepin County and the 55414 ZIP Code. This area is served by the Minneapolis Public School Dist. attendance zone.
Unique Features
- Central Air Conditioning
- CoWorking Space
- Large Closets
- Pet Friendly (no breed or size restrictions)
- Spanish Speaking Staff
- Carpeting
- Efficient Appliances
- Extra Storage
- Online maintenance portal
- Vinyl Plank Flooring
- 24-hour maintenance
- Free Amenity WiFi
- EV Charging Stations
- U of M Transitway
- Patio/Balcony
- Wheelchair Access
- Accessible Apartments
- Amazing Location
- BBQ/Picnic Area
- Electronic Thermostat
- Online Rent Payment
- Storage Lockers and Bike Storage
- Stainless Appliances
- View
Community Amenities
Fitness Center
Laundry Facilities
Elevator
Clubhouse
Roof Terrace
Controlled Access
Business Center
Grill
Property Services
- Package Service
- Laundry Facilities
- Controlled Access
- Maintenance on site
- Property Manager on Site
- 24 Hour Access
- Pet Play Area
- Pet Washing Station
- EV Charging
- Public Transportation
- Key Fob Entry
Shared Community
- Elevator
- Business Center
- Clubhouse
- Lounge
- Multi Use Room
- Storage Space
Fitness & Recreation
- Fitness Center
- Bicycle Storage
- Walking/Biking Trails
Outdoor Features
- Roof Terrace
- Sundeck
- Grill
- Picnic Area
Student Features
- Walk To Campus
Apartment Features
Washer/Dryer
Air Conditioning
Dishwasher
High Speed Internet Access
Hardwood Floors
Walk-In Closets
Island Kitchen
Granite Countertops
Indoor Features
- High Speed Internet Access
- Wi-Fi
- Washer/Dryer
- Air Conditioning
- Heating
- Ceiling Fans
- Smoke Free
- Storage Space
- Sprinkler System
- Wheelchair Accessible (Rooms)
Kitchen Features & Appliances
- Dishwasher
- Disposal
- Granite Countertops
- Island Kitchen
- Eat-in Kitchen
- Oven
- Range
- Refrigerator
- Freezer
Model Details
- Hardwood Floors
- Tile Floors
- Den
- Walk-In Closets
- Large Bedrooms
- Balcony
- Patio
Income Restrictions
How To Qualify
- Package Service
- Laundry Facilities
- Controlled Access
- Maintenance on site
- Property Manager on Site
- 24 Hour Access
- Pet Play Area
- Pet Washing Station
- EV Charging
- Public Transportation
- Key Fob Entry
- Elevator
- Business Center
- Clubhouse
- Lounge
- Multi Use Room
- Storage Space
- Roof Terrace
- Sundeck
- Grill
- Picnic Area
- Fitness Center
- Bicycle Storage
- Walking/Biking Trails
- Walk To Campus
- Central Air Conditioning
- CoWorking Space
- Large Closets
- Pet Friendly (no breed or size restrictions)
- Spanish Speaking Staff
- Carpeting
- Efficient Appliances
- Extra Storage
- Online maintenance portal
- Vinyl Plank Flooring
- 24-hour maintenance
- Free Amenity WiFi
- EV Charging Stations
- U of M Transitway
- Patio/Balcony
- Wheelchair Access
- Accessible Apartments
- Amazing Location
- BBQ/Picnic Area
- Electronic Thermostat
- Online Rent Payment
- Storage Lockers and Bike Storage
- Stainless Appliances
- View
- High Speed Internet Access
- Wi-Fi
- Washer/Dryer
- Air Conditioning
- Heating
- Ceiling Fans
- Smoke Free
- Storage Space
- Sprinkler System
- Wheelchair Accessible (Rooms)
- Dishwasher
- Disposal
- Granite Countertops
- Island Kitchen
- Eat-in Kitchen
- Oven
- Range
- Refrigerator
- Freezer
- Hardwood Floors
- Tile Floors
- Den
- Walk-In Closets
- Large Bedrooms
- Balcony
- Patio
| Monday | 12pm - 5pm |
|---|---|
| Tuesday | 9am - 5pm |
| Wednesday | Closed |
| Thursday | 9am - 5pm |
| Friday | 9am - 12pm |
| Saturday | Closed |
| Sunday | Closed |
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.
Learn more about living in Prospect Park| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Drive: | 6 min | 2.1 mi | |
| Drive: | 7 min | 2.4 mi | |
| Drive: | 7 min | 2.8 mi | |
| Drive: | 9 min | 3.1 mi |
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by GreatSchools.org © 2025. All rights reserved.
Transportation options available in Minneapolis include Prospect Park Station, located 0.4 mile from Flats at Malcolm Yards. Flats at Malcolm Yards is near Minneapolis-St Paul International/Wold-Chamberlain, located 10.3 miles or 21 minutes away.
| Transit / Subway | Distance | ||
|---|---|---|---|
| Transit / Subway | Distance | ||
| Walk: | 7 min | 0.4 mi | |
| Walk: | 10 min | 0.5 mi | |
| Walk: | 14 min | 0.8 mi | |
| Drive: | 3 min | 1.2 mi | |
| Drive: | 4 min | 1.3 mi |
| Commuter Rail | Distance | ||
|---|---|---|---|
| Commuter Rail | Distance | ||
|
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Drive: | 12 min | 4.6 mi |
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Drive: | 13 min | 7.5 mi |
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Drive: | 20 min | 13.1 mi |
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Drive: | 30 min | 22.6 mi |
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Drive: | 32 min | 24.3 mi |
| Airports | Distance | ||
|---|---|---|---|
| Airports | Distance | ||
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Minneapolis-St Paul International/Wold-Chamberlain
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Drive: | 21 min | 10.3 mi |
Time and distance from Flats at Malcolm Yards.
| Shopping Centers | Distance | ||
|---|---|---|---|
| Shopping Centers | Distance | ||
| Walk: | 17 min | 0.9 mi | |
| Drive: | 4 min | 1.6 mi | |
| Drive: | 5 min | 2.0 mi |
| Parks and Recreation | Distance | ||
|---|---|---|---|
| Parks and Recreation | Distance | ||
|
Tower Hill Park
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Walk: | 5 min | 0.3 mi |
|
Luxton Park
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Walk: | 12 min | 0.6 mi |
|
Bell Museum of Natural History
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Drive: | 4 min | 1.6 mi |
|
East River Flats Park
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Drive: | 7 min | 1.8 mi |
|
Riverside Park
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Drive: | 6 min | 2.0 mi |
| Hospitals | Distance | ||
|---|---|---|---|
| Hospitals | Distance | ||
| Drive: | 5 min | 1.9 mi | |
| Drive: | 7 min | 3.3 mi | |
| Drive: | 10 min | 3.6 mi |
| Military Bases | Distance | ||
|---|---|---|---|
| Military Bases | Distance | ||
| Drive: | 18 min | 7.7 mi |
Property Ratings at Flats at Malcolm Yards
I recently moved to Malcom flats in Minneapolis, and I must say it has been a fantastic experience. This apartment complex truly offers a cozy and convenient living environment that exceeded my expectations. First and foremost, the location is ideal. Situated in the heart of Minneapolis, the apartment is within close proximity to a variety of amenities, including restaurants, shops, and entertainment venues. Additionally, its convenient access to major transportation routes made commuting a breeze. Upon entering the apartment, I was greeted with a well-designed and comfortable living space. The floor plan was thoughtfully laid out, maximizing the available space without compromising on functionality. The interiors were modern and stylish, creating a pleasant atmosphere to come home to. The management and staff at 505 Malcolm St. SE were exceptional. They were always prompt and attentive in addressing any concerns or maintenance requests I had. The on-site maintenance team was efficient and friendly, ensuring that any issues were resolved quickly. One standout feature of this complex is the range of amenities provided. The fitness center was well-equipped and convenient, allowing residents to stay active without having to leave the premises. The communal areas, such as the lounge and outdoor spaces, were beautifully maintained and provided a welcoming environment to socialize In conclusion, my experience at 505 Malcolm St. SE was truly delightful. From its excellent location to the well-designed apartments and exceptional management, this complex offers a comfortable and convenient living experience. I highly recommend considering 505 Malcolm St. SE for anyone seeking a cozy and hassle-free lifestyle in Minneapolis.
The qualifications force you into an apartment that costs too much for your low income. It is ridiculous, the process is slow and communication is poor.
They don't allow full-time students, and they certainly aren't low income if that's what you're looking for. They require at least 41,000 a year for you to even qualify.
Flats at Malcolm Yards Photos
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Flats at Malcolm Yards
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Flats At Malcom Yards - 2BR, 1BA
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Fitness Center
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Models
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1 Bedroom
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1 Bedroom
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1 Bedroom
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1 Bedroom
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1 Bedroom
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1 Bedroom
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Flats at Malcolm Yards has units with in‑unit washers and dryers, making laundry day simple for residents.
Select utilities are included in rent at Flats at Malcolm Yards, including gas, water, heat, trash removal, and sewer. Residents are responsible for any other utilities not listed.
Flats at Malcolm Yards has one to two-bedrooms with rent ranges from $1,071/mo. to $1,739/mo.
Yes, Flats at Malcolm Yards welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $1,071 for a one-bedroom, you would need to earn about $39,000 per year to qualify. Want to double-check your budget? Try our Rent Affordability Calculator to see how much rent fits your income and lifestyle.
Flats at Malcolm Yards is offering Specials for eligible applicants, with rental rates starting at $1,071.
Yes! Flats at Malcolm Yards offers 4 Matterport 3D Tours. Explore different floor plans and see unit level details, all without leaving home.
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources
505 SE Malcolm Ave
Minneapolis, MN 55414