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  • Primary Photo - Lakefield Apartments
  • Studio - 419SF - Kitchen - Lakefield Apartments
    4BR, 2BA - 1,293SF - Second Bathroom - Lakefield Apartments
  • 4BR, 2BA - 1,232SF - Kitchen - Lakefield Apartments
    Building Photo - Lakefield Apartments
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Minnesota Hennepin County Minneapolis East Lyn-Lake Lakefield Apartments

Lakefield Apartments

550 W Lake St, Minneapolis, MN 55408

(0 reviews)

Property Rating

3.0
Good
Out of 5

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  • Monthly Rent

    $1,122 - $2,342

    Plus Fees

  • Bedrooms

    Studio - 3 bd

  • Bathrooms

    1 - 2 ba

  • Square Feet

    419 - 1,136 sq ft

This property has income limits. Make sure you qualify.

Lakefield Apartments
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Lakefield Apartments is a brand-new affordable living community in the heart of Lyn-Lake/Uptown, thoughtfully designed for families of all sizes. With spacious apartments and family-focused amenities that emphasize comfort and convenience, Lakefield offers an ideal home for larger households. At Lakefield, families have room to grow and enjoy a vibrant community atmosphere, making it the perfect place to thrive.

Read More

Pricing & Floor Plans

filter results by bedrooms
Cost Calculator: Estimate your monthly and one-time fees.
Studio (Tier 2) $1,122 Plus Fees
Studio 1 Bath 419 – 421 Sq Ft
8 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 304
    price $1,122
    square feet 421
    availibility Now
  • Unit 403
    price $1,122
    square feet 419
    availibility Now
  • Unit 404
    price $1,122
    square feet 421
    availibility Now
  • Unit 414
    price $1,122
    square feet 419
    availibility Now
  • Unit 503
    price $1,122
    square feet 419
    availibility Now
  • Unit 504
    price $1,122
    square feet 421
    availibility Now
  • Unit 514
    price $1,122
    square feet 419
    availibility Now
  • Unit 603
    price $1,122
    square feet 419
    availibility Now

Studio (Tier 3) $1,354 Plus Fees
Studio 1 Bath 419 Sq Ft
1 Available unit
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 614
    price $1,354
    square feet 419
    availibility Now
2 Bedroom (Tier 2) $1,442 Plus Fees
2 Beds 1 Bath 734 Sq Ft
1 Available unit
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 215
    price $1,442
    square feet 734
    availibility Now
2 Bedroom (Tier 3) $1,625 – $1,740 Plus Fees
2 Beds 1 Bath 733 – 736 Sq Ft
6 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 408
    price $1,625
    square feet 733
    availibility Now
  • Unit 608
    price $1,685
    square feet 733
    availibility Now
  • Unit 315
    price $1,740
    square feet 734
    availibility Now
  • Unit 502
    price $1,740
    square feet 736
    availibility Now
  • Unit 508
    price $1,740
    square feet 733
    availibility Now
  • Unit 602
    price $1,740
    square feet 736
    availibility Now

3 Bedroom (Tier 3) $2,342 Plus Fees Available Now
3 Beds 2 Baths 1,136 Sq Ft
Studio (Tier 2) $1,122 Plus Fees
Studio 1 Bath 419 – 421 Sq Ft
8 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 304
    price $1,122
    square feet 421
    availibility Now
  • Unit 403
    price $1,122
    square feet 419
    availibility Now
  • Unit 404
    price $1,122
    square feet 421
    availibility Now
  • Unit 414
    price $1,122
    square feet 419
    availibility Now
  • Unit 503
    price $1,122
    square feet 419
    availibility Now
  • Unit 504
    price $1,122
    square feet 421
    availibility Now
  • Unit 514
    price $1,122
    square feet 419
    availibility Now
  • Unit 603
    price $1,122
    square feet 419
    availibility Now

Studio (Tier 3) $1,354 Plus Fees
Studio 1 Bath 419 Sq Ft
1 Available unit
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 614
    price $1,354
    square feet 419
    availibility Now
2 Bedroom (Tier 2) $1,442 Plus Fees
2 Beds 1 Bath 734 Sq Ft
1 Available unit
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 215
    price $1,442
    square feet 734
    availibility Now
2 Bedroom (Tier 3) $1,625 – $1,740 Plus Fees
2 Beds 1 Bath 733 – 736 Sq Ft
6 Available units
Unit
Base Price
Sq Ft
Availability
Unit Details
  • Unit 408
    price $1,625
    square feet 733
    availibility Now
  • Unit 608
    price $1,685
    square feet 733
    availibility Now
  • Unit 315
    price $1,740
    square feet 734
    availibility Now
  • Unit 502
    price $1,740
    square feet 736
    availibility Now
  • Unit 508
    price $1,740
    square feet 733
    availibility Now
  • Unit 602
    price $1,740
    square feet 736
    availibility Now

3 Bedroom (Tier 3) $2,342 Plus Fees Available Now
3 Beds 2 Baths 1,136 Sq Ft
* Price shown is base rent and may not include non-optional fees and utilities. 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 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.

  • One-Time Move-In Fees
  • Application Fee
    $50
  • Security Deposit Refundable
    $500
    $500 holding fee that goes towards security deposit
  • Dogs Allowed
  • Pet deposit
    $500
  • Pet Limit
    2
  • Cats Allowed
  • Pet deposit
    $500
  • Pet Limit
    2
  • Parking
  • Garage
    --

Details

Utilities Included

  • Gas
  • Water
  • Heat
  • Trash Removal
  • Sewer

Lease Options

  • 10 - 14 Month Leases

Property Information

  • Built in 2025
  • 110 units/7 stories

Matterport 3D Tours

4BR, 2BA - 1,293SF
1/6

About Lakefield Apartments

Lakefield Apartments is a brand-new affordable living community in the heart of Lyn-Lake/Uptown, thoughtfully designed for families of all sizes. With spacious apartments and family-focused amenities that emphasize comfort and convenience, Lakefield offers an ideal home for larger households. At Lakefield, families have room to grow and enjoy a vibrant community atmosphere, making it the perfect place to thrive.

Lakefield Apartments is an apartment community located in Hennepin County and the 55408 ZIP Code. This area is served by the Minneapolis Public School Dist. attendance zone.

Unique Features

  • Central Heating + Air Conditioning
  • LVP Flooring
  • View
  • LED Lighting
  • Vending Machines
  • Ceramic Tiled Bathrooms
  • Black Whirlpool Appliances
  • Community Room
  • Free Common Area WiFi
  • Maple Cabinets
  • Bike Racks and Storage
  • Patio/Balcony

Contact

View Property Website
Language: English
Open 9am - 5pm Today
  • Monday - Friday, 9am - 5pm
  • Saturday & Sunday, Closed
Property Management Company Logo

Community Amenities

Fitness Center

Laundry Facilities

Elevator

Controlled Access

  • Package Service
  • Laundry Facilities
  • Controlled Access
  • Maintenance on site
  • Property Manager on Site
  • 24 Hour Access
  • Online Services
  • Public Transportation
  • Elevator
  • Business Center
  • Fitness Center
  • Gated

Apartment Features

Air Conditioning

Dishwasher

Walk-In Closets

Refrigerator

  • Wi-Fi
  • Air Conditioning
  • Heating
  • Cable Ready
  • Tub/Shower
  • Dishwasher
  • Kitchen
  • Range
  • Refrigerator
  • Recreation Room
  • Walk-In Closets
  • Window Coverings
  • 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
80 % Income Limit
50 % Income Limit
1
$74,160
$46,350
2
$84,800
$53,000
3
$95,360
$59,600
4
$105,920
$66,200
5
$114,400
$71,500
6
$122,880
$76,800
Location Get Directions
Schools Restaurants Groceries Coffee Banks Shops Fitness
Amenities
  • Package Service
  • Laundry Facilities
  • Controlled Access
  • Maintenance on site
  • Property Manager on Site
  • 24 Hour Access
  • Online Services
  • Public Transportation
  • Elevator
  • Business Center
  • Gated
  • Fitness Center
  • Central Heating + Air Conditioning
  • LVP Flooring
  • View
  • LED Lighting
  • Vending Machines
  • Ceramic Tiled Bathrooms
  • Black Whirlpool Appliances
  • Community Room
  • Free Common Area WiFi
  • Maple Cabinets
  • Bike Racks and Storage
  • Patio/Balcony
  • Wi-Fi
  • Air Conditioning
  • Heating
  • Cable Ready
  • Tub/Shower
  • Dishwasher
  • Kitchen
  • Range
  • Refrigerator
  • Recreation Room
  • Walk-In Closets
  • Window Coverings
  • Balcony
  • Patio
Expenses
One-Time
Cat Deposit $500
Dog Deposit $500
Utilities Included
Gas, Water, Heat, Trash Removal, Sewer Included
Office Hours
Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday Closed
Sunday Closed
651-377-4817
Neighborhood

East Lyn-Lake makes up the eastern portion of the neighborhood Lyn-Lake and is defined by the prominent intersection of two main streets, Lake Street and Lyndale Avenue. This well-known intersection acts as a magnet for unique shops, galleries, restaurants, and entertainment. East Lyn-Lake sits immediately east of Uptown, another popular urban area in Minneapolis. Nestled just three miles southwest of Downtown Minneapolis, residents can easily reach the most popular neighborhoods in the city. Apartments and condos available for rent in the area vary from mid-range to upscale. Locals enjoy strolling or biking along the neighborhood’s walkable and bikeable streets to check out all of the top-notch local businesses.

Learn more about living in East Lyn-Lake 
Education
Colleges & Universities Distance
Colleges & Universities Distance
Minneapolis College
Drive: 5 min 2.0 mi
University of St. Thomas
Drive: 7 min 2.4 mi
North Central University
Drive: 7 min 2.6 mi
Augsburg College
Drive: 8 min 4.2 mi
Lakefield Apartments is within 5 minutes or 2.0 miles from Minneapolis College. It is also near University of St. Thomas and North Central University.
Schools
  • Public Schools
  • Private Schools
Whittier International
Public Elementary School
Grades PK-5
361 Students
Attendance Zone
Andersen Community
Public Elementary & Middle School
Grades PK-8
747 Students
Attendance Zone
South Senior High
Public High School
Grades 9-12
1,466 Students
Attendance Zone
City of Lakes Waldorf School
Private Elementary & Middle School
Grades PK-8
247 Students
Nearby
Cristo Rey Jesuit High School Twin Cities
Private High School
Grades 9-12
385 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 © 2025. All rights reserved.
Transportation

Transportation options available in Minneapolis include Nicollet Mall Station, located 2.9 miles from Lakefield Apartments. Lakefield Apartments is near Minneapolis-St Paul International/Wold-Chamberlain, located 11.1 miles or 20 minutes away.

Transit / Subway Distance
Transit / Subway Distance
Nicollet Mall Station
Drive: 8 min 2.9 mi
Franklin Avenue Station
Drive: 8 min 2.9 mi
Government Plaza Station
Drive: 9 min 3.2 mi
Downtown East/Metrodome Station
Drive: 8 min 4.0 mi
Cedar/Riverside Station
Drive: 9 min 4.0 mi
Commuter Rail Distance
Commuter Rail Distance
Target Field Station
Drive: 9 min 3.2 mi
Fridley Station
Drive: 17 min 10.0 mi
St. Paul-Minneapolis
Drive: 19 min 12.0 mi
Coon Rapids-Riverdale Station
Drive: 32 min 21.2 mi
Anoka Station
Drive: 33 min 22.8 mi
Airports Distance
Airports Distance
Minneapolis-St Paul International/Wold-Chamberlain
Drive: 20 min 11.1 mi
Walker's Paradise
95
Walk Score®
Out of 100
Lace up your walking shoes because this area is considered a walker’s paradise.
Good Transit
62
Transit Score®
Out of 100
The area around this property has good transit with many nearby transportation options.
Biker's Paradise
98
Bike Score®
Out of 100
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
-
-
Soundscore™
Out of 100

Traffic:

-

Airport:

-

Businesses:

-

Score provided by

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Points of Interest

Time and distance from Lakefield Apartments.

Shopping Centers Distance
Shopping Centers Distance
Uptown Row
Walk: 9 min 0.5 mi
Highland Plaza Shopping Center
Walk: 11 min 0.6 mi
Seven Points Uptown
Walk: 12 min 0.6 mi
Lakefield Apartments has 3 shopping centers within 0.6 mile, which is about a 12-minute walk. The miles and minutes will be for the farthest away property.
Parks and Recreation Distance
Parks and Recreation Distance
Bryant Square Park
Walk: 6 min 0.4 mi
Painter Park
Walk: 10 min 0.5 mi
Whittier Park
Walk: 10 min 0.6 mi
Mueller Park
Walk: 16 min 0.9 mi
Lake Calhoun Park
Walk: 18 min 1.0 mi
Lakefield Apartments has 5 parks within 1.0 mile, including Bryant Square Park, Painter Park, and Whittier Park.
Hospitals Distance
Hospitals Distance
Abbott Northwestern Hospital
Drive: 4 min 1.4 mi
Children's Hospitals & Clinics of Minnesota
Drive: 5 min 1.7 mi
Hennepin County Medical Center
Drive: 8 min 2.9 mi
Lakefield Apartments has 3 hospitals within 2.9 miles, the nearest is Abbott Northwestern Hospital which is 1.4 miles away and a 4 minute drive.
Military Bases Distance
Military Bases Distance
Fort Snelling Military Reservation
Drive: 16 min 9.0 mi
Lakefield Apartments is 9.0 miles and a 16 minute drive from Fort Snelling Military Reservation.
 
 

Property Ratings at Lakefield Apartments

How Is This Rating Determined? How Is This Rating Determined? Every community on Apartments.com features a rating displayed on a 5-star scale. This rating includes average renter review scores and a building rating to determine an overall blended score for this property.

Building ratings are based on this community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.
3.0
Good
Out of 5

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Lakefield Apartments Photos

  • Lakefield Apartments

  • 4BR, 2BA - 1,293SF

  • Studio - 419SF - Kitchen

  • 4BR, 2BA - 1,293SF - Second Bathroom

  • 4BR, 2BA - 1,232SF - Kitchen

Models

  • Studio

  • 2 Bedrooms

Nearby Apartments

Within 50 Miles of Lakefield Apartments

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Frequently Asked Questions
Which floor plans are available, and what are the price ranges?

Lakefield Apartments has studios to three bedrooms with rent ranges from $1,122/mo. to $2,342/mo.

Can I see a model or tour Lakefield Apartments?

You can take a virtual tour of Lakefield Apartments on Apartments.com.

What neighborhood is the property located in?

Lakefield Apartments is in East Lyn-Lake in the city of Minneapolis. Here you’ll find three shopping centers within 0.6 mile of the property. Five parks are within 1.0 mile, including Bryant Square Park, Painter Park, and Whittier Park.

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Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources

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550 W Lake St

Minneapolis, MN 55408

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