Hiawatha Flats
3625 E 43rd St,
Minneapolis, MN 55406
$1,560 - $2,520 Plus Fees
1-2 Beds
Situated just five miles southeast of Minneapolis, the Ericsson community primarily consists of residential streets and large green spaces to create the perfect environment of suburban bliss. However, residents also enjoy easy access to some of the city's best shopping, restaurants, and nightlife thanks to the light rail station on Hiawatha Avenue that brings you to the heart of downtown.
A flurry of charming single-family homes and tall trees line the streets, but you also find a thriving community of local businesses. Whether you're fishing for walleye from the shores of Lake Hiawatha or searching for treasures at the local antique shop, Ericsson's small-town charm is sure to make you feel at home the second you move here.
As of March 2026, the average apartment rent in Ericsson is $1,241 for a studio, $1,636 for one bedroom, and $2,378 for two bedrooms. Apartment rent in Ericsson has increased by 0.7% in the past year.
Studio
481 sq ft
Average Sq Ft
$1,241/month
Average Rent
1 BR
701 sq ft
Average Sq Ft
$1,636/month
Average Rent
2 BR
1,119 sq ft
Average Sq Ft
$2,378/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.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Current Resident
2 years and 11 months ago•Niche Review
Great neighborhood to live no matter where you are in life. I love being able to walk to lakes (Hiwatha and Nokomis), a creek, coffee shops, bakeries, bars, the light rail, and biking opens even more possibilities. It's still somewhat affordable for being such a gem.
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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 2026.