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Total Monthly Price
$1,206 - $1,740
12 Month Lease
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Bedrooms
1 - 2 bd
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Bathrooms
1 ba
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Square Feet
622 - 890 sq ft
Flats at Malcolm Yards
Favorites
Highlights
- English and Spanish Speaking Staff
- Walk To Campus
- Roof Terrace
- Den
- Pet Washing Station
- Walk-In Closets
- Pet Play Area
- Controlled Access
- Walking/Biking Trails
Pricing & Floor Plans
filter results by bedrooms
1 Bedroom (511B350, 511B350A, 511B350H/L)
$1,206
Total Monthly Price
1 Bed
1 Bath
622 Sq Ft
1 Available unit
Unit
Total Price
Sq Ft
Availability
Unit Details
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Unit 618price $1,206square feet 622availibility Now
1 Bedroom (511B150, 511B150H)
$1,206
Total Monthly Price
1 Bed
1 Bath
622 Sq Ft
1 Available unit
Unit
Total Price
Sq Ft
Availability
Unit Details
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Unit 109price $1,206square feet 622availibility Jun 5
2 Bedroom (511C360A, 511C360b)
$1,740
Total Monthly Price
2 Beds
1 Bath
890 Sq Ft
1 Available unit
Unit
Total Price
Sq Ft
Availability
Unit Details
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Unit 501price $1,740square feet 890availibility Now
1 Bedroom (511B350, 511B350A, 511B350H/L)
$1,206
Total Monthly Price
1 Bed
1 Bath
622 Sq Ft
1 Available unit
Unit
Total Price
Sq Ft
Availability
Unit Details
-
Unit 618price $1,206square feet 622availibility Now
1 Bedroom (511B150, 511B150H)
$1,206
Total Monthly Price
1 Bed
1 Bath
622 Sq Ft
1 Available unit
Unit
Total Price
Sq Ft
Availability
Unit Details
-
Unit 109price $1,206square feet 622availibility Jun 5
2 Bedroom (511C360A, 511C360b)
$1,740
Total Monthly Price
2 Beds
1 Bath
890 Sq Ft
1 Available unit
Unit
Total Price
Sq Ft
Availability
Unit Details
-
Unit 501price $1,740square feet 890availibility Now
* Price shown is total price based on community-supplied monthly required fees. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out.View Fees and Policies for details.
Price, availability, fees, and any applicable rent special are subject to change without notice.
* Square footage definitions vary. Displayed square footage is approximate.
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified. Use the Cost Calculator to determine costs based on your needs.
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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 / mo
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CableCharged per unit. Payable to 3rd PartyVaries / mo
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High Speed Internet AccessCharged per unit. Payable to 3rd PartyVaries / mo
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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 one-time
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Due at Application
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Surface Lot
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Parking FeeCharged per vehicle.$75 / mo
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Additional Parking Options
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Other
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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
- 24-hour maintenance
- Accessible Apartments
- Amazing Location
- BBQ/Picnic Area
- Carpeting
- Central Air Conditioning
- CoWorking Space
- Efficient Appliances
- Electronic Thermostat
- EV Charging Stations
- Extra Storage
- Flex Pay
- Free Amenity WiFi
- Large Closets
- Online maintenance portal
- Online Rent Payment
- Patio/Balcony
- Pet Friendly (no breed or size restrictions)
- Spanish Speaking Staff
- Stainless Appliances
- Storage Lockers and Bike Storage
- U of M Transitway
- View
- Vinyl Plank Flooring
- Wheelchair Access
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
Income restrictions apply to some or all residents. Contact the community for more information.
How To Qualify
Based on the size of your household, your Maximum Annual Income must be equal to or less than the amount listed in this chart.
# Persons
30 % Income Limit
50 % Income Limit
60 % Income Limit
1
$27,810
$46,350
$55,620
2
$31,800
$53,000
$63,600
3
$35,760
$59,600
$71,520
4
$39,720
$66,200
$79,440
5
$42,900
$71,500
$85,800
6
$46,080
$76,800
$92,160
505 SE Malcolm Ave,
Minneapolis,
MN
55414
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
Average Prices by Area
Compare neighborhood and city base rent averages by bedroom.
| Prospect Park | Minneapolis, MN | |
|---|---|---|
| Studio | $1,205 | $1,137 |
| 1 Bedroom | $1,518 | $1,415 |
| 2 Bedrooms | $2,012 | $2,113 |
| 3 Bedrooms | $3,398 | $2,393 |
Amenities
- 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
- 24-hour maintenance
- Accessible Apartments
- Amazing Location
- BBQ/Picnic Area
- Carpeting
- Central Air Conditioning
- CoWorking Space
- Efficient Appliances
- Electronic Thermostat
- EV Charging Stations
- Extra Storage
- Flex Pay
- Free Amenity WiFi
- Large Closets
- Online maintenance portal
- Online Rent Payment
- Patio/Balcony
- Pet Friendly (no breed or size restrictions)
- Spanish Speaking Staff
- Stainless Appliances
- Storage Lockers and Bike Storage
- U of M Transitway
- View
- Vinyl Plank Flooring
- Wheelchair Access
- 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
Expenses
One-Time
Cat Deposit
$500
Dog Deposit
$500
Utilities Included
Gas, Water, Heat, Trash Removal, Sewer
Included
Office Hours
651-412-2889
| Monday | 12pm - 5pm |
|---|---|
| Tuesday | 9am - 5pm |
| Wednesday | Closed |
| Thursday | 9am - 5pm |
| Friday | 9am - 12pm |
| Saturday | Closed |
| Sunday | Closed |
Education
| 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 |
Flats at Malcolm Yards is within 7 minutes or 2.4 miles from University of Minnesota. It is also near Augsburg College and Univ. of Minnesota, Saint Paul.
Schools
Public Elementary School
Grades PK-5
202 Students
Attendance Zone
Public Middle & High School
Grades 6-12
46 Students
Nearby
Public High School
Grades 9-12
223 Students
Nearby
Private Elementary, Middle & High School
Grades K-12
45 Students
Nearby
School data provided by
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 © 2026. All rights reserved.
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 © 2026. 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 | ||
|
|
Drive: | 12 min | 4.6 mi |
|
|
Drive: | 13 min | 7.5 mi |
|
|
Drive: | 20 min | 13.1 mi |
|
|
Drive: | 30 min | 22.6 mi |
|
|
Drive: | 32 min | 24.3 mi |
| Airports | Distance | ||
|---|---|---|---|
| Airports | Distance | ||
|
Minneapolis-St Paul International/Wold-Chamberlain
|
Drive: | 21 min | 10.3 mi |
Getting Around
What do Walkability, Transit, Drivability, and Bikeability mean?
Walkability measures the walking distance to day-to-day needs.
Transit measures access to public transportation.
Drivability measures congestion, parking availability, and access to major roads.
Bikeability measures the suitability for cycling.
How It Works
Fairly Walkable
Walkability
50
/ 100
Good Public Transit
Transit
60
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Moderately Bikeable
Bikeability
70
/ 100
Scores provided by
What do Walkability, Transit, Drivability, and Bikeability mean?
Walkability measures the walking distance to day-to-day needs.
Transit measures access to public transportation.
Drivability measures congestion, parking availability, and access to major roads.
Bikeability measures the suitability for cycling.
How It Works
Active
Soundscore™
76
/ 100
Traffic
ActiveAirport
CalmBusinesses
ActiveScores provided by
HowLoud What is a Sound Score Rating? A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources. How It WorksTime 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 |
Flats at Malcolm Yards has 3 shopping centers within 2.0 miles, which is about a 5-minute drive. The miles and minutes will be for the farthest away property.
| Parks and Recreation | Distance | ||
|---|---|---|---|
| Parks and Recreation | Distance | ||
|
Tower Hill Park
|
Walk: | 5 min | 0.3 mi |
|
Luxton Park
|
Walk: | 12 min | 0.6 mi |
|
Bell Museum of Natural History
|
Drive: | 4 min | 1.6 mi |
|
East River Flats Park
|
Drive: | 7 min | 1.8 mi |
|
Riverside Park
|
Drive: | 6 min | 2.0 mi |
Flats at Malcolm Yards has 5 parks within 2.0 miles, including Tower Hill Park, Luxton Park, and Bell Museum of Natural History.
| Hospitals | Distance | ||
|---|---|---|---|
| Hospitals | Distance | ||
| Drive: | 5 min | 1.9 mi | |
| Drive: | 7 min | 3.3 mi | |
| Drive: | 10 min | 3.6 mi |
Flats at Malcolm Yards has 3 hospitals within 3.6 miles, the nearest is University of Minnesota Medical Center, Fairview which is 1.9 miles away and a 5 minute drive.
| Military Bases | Distance | ||
|---|---|---|---|
| Military Bases | Distance | ||
| Drive: | 18 min | 7.7 mi |
Flats at Malcolm Yards is 7.7 miles and a 18 minute drive from Fort Snelling Military Reservation.
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
Nearby Apartments
Within 50 Miles of Flats at Malcolm Yards
-
The Station at Malcolm Yards
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$1,549 - $2,429 Total Monthly Price
1-2 Br 0.0 mi
-
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Call for Rent
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-
Lake Street Dwelling
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1-2 Br 12 Month Lease 4.0 mi
-
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1-2 Br 4.0 mi
-
The Eloise Apartments
2850 N Wayzata Blvd
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$1,994 - $2,039 Total Monthly Price
1 Br 5.2 mi
-
Ride Apartments
2550 Rice St
Saint Paul, MN 55113
$1,426 - $1,985 Total Monthly Price
1-3 Br 12 Month Lease 6.1 mi
Does Flats at Malcolm Yards have in-unit laundry?
Flats at Malcolm Yards has units with in‑unit washers and dryers, making laundry day simple for residents.
What utilities are included in rent at Flats at Malcolm Yards?
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.
Is parking available at Flats at Malcolm Yards?
Parking is available at Flats at Malcolm Yards. Fees may apply depending on the type of parking offered. Contact this property for details.
Which floor plans are available, and what are the price ranges?
Flats at Malcolm Yards has one to two-bedrooms with rent ranges from $1,206/mo. to $1,740/mo.
Is Flats at Malcolm Yards pet-friendly?
Yes, Flats at Malcolm Yards welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
How much income do I need to rent at Flats at Malcolm Yards?
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 $1,206 for a one-bedroom, you would need to earn about $48,240 per year to qualify. Want to double-check your budget? Calculate how much rent you can afford with our Rent Affordability Calculator.
Does Flats at Malcolm Yards have move-in specials?
Flats at Malcolm Yards is offering Specials for eligible applicants, with rental rates starting at $1,206.
Does Flats at Malcolm Yards offer Matterport 3D tours?
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